| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 09/18/2023 | 16.52% | Citigroup | $51 → $51 | Maintains | Neutral |
| 06/22/2023 | 16.52% | Citigroup | $50.3 → $51 | Maintains | Neutral |
| 01/09/2023 | 14.92% | Mizuho | $51 → $50.3 | Downgrades | Buy → Neutral |
| 10/20/2022 | 2.81% | Wells Fargo | $53 → $45 | Downgrades | Overweight → Equal-Weight |
| 09/07/2022 | 16.52% | Mizuho | $52 → $51 | Maintains | Buy |
| 06/22/2022 | 18.8% | Mizuho | $53 → $52 | Upgrades | Neutral → Buy |
| 04/29/2022 | 21.09% | Wells Fargo | $54 → $53 | Maintains | Overweight |
| 04/27/2022 | 23.37% | Wells Fargo | $50 → $54 | Maintains | Overweight |
| 02/09/2022 | 21.09% | Mizuho | $47 → $53 | Maintains | Neutral |
| 12/13/2021 | 14.23% | Wells Fargo | → $50 | Upgrades | Equal-Weight → Overweight |
| 12/10/2021 | 2.81% | Barclays | $50 → $45 | Maintains | Underweight |
| 12/03/2021 | 7.38% | Wells Fargo | $50 → $47 | Upgrades | Underweight → Equal-Weight |
| 03/03/2021 | — | Citigroup | Downgrades | Buy → Neutral | |
| 01/06/2021 | 14.23% | Wells Fargo | → $50 | Downgrades | Equal-Weight → Underweight |
| 11/18/2020 | 14.23% | Barclays | → $50 | Downgrades | Equal-Weight → Underweight |
| 10/22/2020 | 18.8% | Mizuho | → $52 | Downgrades | Buy → Neutral |
| 10/22/2020 | — | Wells Fargo | Downgrades | Overweight → Equal-Weight | |
| 10/22/2020 | 14.23% | Barclays | → $50 | Downgrades | Overweight → Equal-Weight |
| 10/14/2020 | 16.52% | Citigroup | → $51 | Initiates Coverage On | → Buy |
| 06/05/2020 | 11.95% | UBS | $45 → $49 | Maintains | Buy |
| 06/03/2020 | 2.81% | Mizuho | $43 → $45 | Maintains | Buy |
| 05/15/2020 | 0.53% | Barclays | $47 → $44 | Upgrades | Equal-Weight → Overweight |
| 05/08/2020 | 2.81% | UBS | $49 → $45 | Maintains | Buy |
| 05/04/2020 | -1.76% | B of A Securities | $47 → $43 | Maintains | Buy |
| 04/02/2020 | -8.61% | Wells Fargo | $48 → $40 | Maintains | Equal-Weight |
| 04/01/2020 | 11.95% | UBS | $59 → $49 | Upgrades | Neutral → Buy |
| 03/26/2020 | -8.61% | Barclays | $52 → $40 | Maintains | Equal-Weight |
| 01/13/2020 | 25.66% | Mizuho | $54 → $55 | Maintains | Buy |
| 12/19/2019 | 23.37% | Wells Fargo | $53 → $54 | Maintains | Equal-Weight |
| 12/19/2019 | 18.8% | UBS | $53 → $52 | Maintains | Neutral |
| 11/21/2019 | 16.52% | Barclays | $52 → $51 | Upgrades | Underweight → Equal-Weight |
| 09/30/2019 | 14.23% | SunTrust Robinson Humphrey | $49 → $50 | Maintains | Hold |
| 09/30/2019 | — | B of A Securities | Upgrades | Neutral → Buy | |
| 09/06/2019 | 21.09% | UBS | $50 → $53 | Maintains | Neutral |
| 07/15/2019 | 23.37% | Mizuho | $52.5 → $54 | Maintains | Buy |
| 06/12/2019 | — | UBS | Upgrades | Sell → Neutral | |
| 05/10/2019 | 13.09% | Mizuho | $43.5 → $49.5 | Upgrades | Neutral → Buy |
| 04/25/2019 | — | B of A Securities | Upgrades | Underperform → Neutral | |
| 03/08/2019 | -0.62% | Mizuho | $42.5 → $43.5 | Upgrades | Underperform → Neutral |
| 01/14/2019 | -12.04% | Mizuho | $39.5 → $38.5 | Downgrades | Neutral → Underperform |
| 11/19/2018 | -10.9% | Barclays | $38 → $39 | Maintains | Underweight |
| 10/16/2018 | -17.75% | B of A Securities | $38 → $36 | Maintains | Underperform |
What is the target price for PNM Resources (PNM)?
The latest price target for PNM Resources (NYSE: PNM) was reported by Citigroup on September 18, 2023. The analyst firm set a price target for $51.00 expecting PNM to rise to within 12 months (a possible 16.52% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for PNM Resources (PNM)?
The latest analyst rating for PNM Resources (NYSE: PNM) was provided by Citigroup, and PNM Resources maintained their neutral rating.
When is the next analyst rating going to be posted or updated for PNM Resources (PNM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PNM Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PNM Resources was filed on September 18, 2023 so you should expect the next rating to be made available sometime around September 18, 2024.
Is the Analyst Rating PNM Resources (PNM) correct?
While ratings are subjective and will change, the latest PNM Resources (PNM) rating was a maintained with a price target of $51.00 to $51.00. The current price PNM Resources (PNM) is trading at is $43.77, which is out of the analyst's predicted range.