Exelon

EXC · NASDAQ

$43.03+$0.62 (+1.46%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $42.41

EXC analyst rating

HoldConsensus of 17 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy5
Hold11
Underperform1
Sell0

12-month price target · 20 analysts

Average $49.27 (+14.5% upside)

Low: $41.41
Now: $43.03
High: $60.90

Upgrades and downgrades

The latest rating actions, newest first

EXC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Neutral	$47.00 → $46.00	57%
Barclays	Oct 19, 2026	Maintains	Equal-Weight	$49.00 → $44.00	51%
Truist Securities	Oct 16, 2026	Maintains	Hold	$48.00 → $46.00	42%
Keybanc	Oct 13, 2026	Upgrade	Underweight → Sector Weight	—	53%
Argus Research	Sep 22, 2026	Maintains	Buy	$52.00 → $49.00	47%
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$53.00 → $50.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$55.00 → $53.00	52%
Truist Securities	Aug 13, 2026	Maintains	Hold	$50.00 → $48.00	42%
Truist Securities	Jul 16, 2026	Maintains	Hold	$49.00 → $50.00	42%
Truist Securities	May 29, 2026	Maintains	Hold	$50.00 → $49.00	42%

The case for and against

Updated Oct 23, 2025

Bull case

Exelon's strong financial position is underscored by its substantial transmission footprint, which commands a higher Federal Energy Regulatory Commission (FERC) return on equity (ROE) of approximately 10.5%. Recent reforms are expected to enhance the durability of the Multi-Year Rate Plan (MYP) construct, thereby alleviating uncertainties associated with reconciliation processes at some operational companies. Additionally, year-over-year earnings growth in ComEd, driven by positive distribution timing and regulatory assets, reflects a robust operational performance across Exelon's regulated utility segments.

Bear case

Exelon's stock outlook is negatively impacted by several inherent risks associated with regulated utility operations, including potential negative outcomes from rate cases that may fall short of expectations. There is also concern over a reduced capital expenditure outlook, which can impede future growth and operational efficiency. Furthermore, fluctuations in interest rates beyond anticipated levels pose additional financial challenges that could adversely affect Exelon's profitability and investment viability.

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.