Consolidated Edison

ED · NYSE

$111.98+$2.29 (+2.09%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $109.69

ED analyst rating

HoldConsensus of 11 analysts over the last 12 months. 9% rate it a buy.

Strong buy0
Buy1
Hold5
Underperform5
Sell0

12-month price target · 19 analysts

Average $112.75 (+0.7% upside)

Low: $94.94
Now: $111.98
High: $136.50

Upgrades and downgrades

The latest rating actions, newest first

ED analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keybanc	Oct 13, 2026	Maintains	Underweight	$94.00 → $87.00	53%
Wells Fargo	Oct 1, 2026	Upgrade	Equal-Weight → Overweight	$108.00 → $118.00	52%
Morgan Stanley	Sep 18, 2026	Maintains	Underweight	$101.00 → $97.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Underweight	$105.00 → $101.00	52%
Evercore ISI Group	Aug 17, 2026	Maintains	In-Line	$116.00 → $112.00	17%
Wells Fargo	Aug 7, 2026	Maintains	Equal-Weight	$106.00 → $108.00	52%
Barclays	Aug 7, 2026	Maintains	Underweight	$112.00 → $106.00	51%
Keybanc	Jul 23, 2026	Maintains	Underweight	$97.00 → $94.00	53%
Mizuho	Jun 2, 2026	Downgrade	Outperform → Neutral	$105.00	57%
Barclays	May 11, 2026	Maintains	Underweight	$110.00 → $107.00	51%

The case for and against

Updated Oct 23, 2025

Bull case

Consolidated Edison's stock is supported by strong earnings, as evidenced by a first quarter earnings per share (EPS) that exceeds expectations while maintaining solid returns across its regulated utility businesses. Additionally, the company is in the process of finalizing a constructive three-year rate plan that addresses capital expenditures and cost of capital, which is likely to bolster its financial stability. Overall, the performance and outlook for the utilities segment suggest a robust foundation for continued growth following the divestiture of its clean energy business.

Bear case

The negative outlook on Consolidated Edison's stock is primarily driven by the inherent risks associated with regulatory outcomes that could be either constructive or detrimental, which directly affect the company's profitability and rate structures. Additionally, uncertainties surrounding capital expenditure forecasts and fluctuations in interest rates present significant concerns for future financial performance. Lastly, broader capital market volatility and potential load growth in other jurisdictions further complicate the operational landscape, creating additional headwinds for the company.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.