Idacorp

IDA · NYSE

$138.04+$1.97 (+1.45%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $136.07

IDA analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy4
Hold2
Underperform0
Sell0

12-month price target · 9 analysts

Average $162.18 (+17.5% upside)

Low: $144.43
Now: $138.04
High: $179.55

Upgrades and downgrades

The latest rating actions, newest first

IDA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 9, 2026	Maintains	Overweight	$162.00 → $149.00	52%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$151.00 → $143.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$156.00 → $151.00	52%
Barclays	Aug 3, 2026	Maintains	Overweight	$167.00 → $162.00	52%
Wells Fargo	Jul 31, 2026	Maintains	Equal-Weight	$154.00 → $155.00	52%
Wells Fargo	Jul 22, 2026	Upgrade	Underweight → Equal-Weight	$121.00 → $154.00	52%
Barclays	May 5, 2026	Maintains	Overweight	$159.00 → $167.00	52%
Morgan Stanley	Apr 21, 2026	Maintains	Overweight	$160.00 → $158.00	52%
Barclays	Apr 8, 2026	Maintains	Overweight	$149.00 → $159.00	52%
Barclays	Feb 24, 2026	Maintains	Overweight	$144.00 → $149.00	52%

The case for and against

Updated Oct 23, 2025

Bull case

Idacorp Inc. has demonstrated a positive outlook, supported by a solid 2.6% year-over-year growth in its customer base, including a notable 2.9% increase in residential customers within Idaho Power's service territory. The company's financial performance was enhanced by continued customer growth, favorable rate outcomes from previous regulatory cases, and benefits from the ID ADITC regulatory mechanism. Management highlighted a robust demand environment, indicating strong economic development in the region, which further underlines the company's growth potential.

Bear case

Idacorp faces several downside risks that contribute to a negative outlook, primarily due to traditional challenges associated with electric utilities, such as rate case risk, which can significantly impact revenue generation. Additionally, a lower capital expenditure (capex) outlook suggests potential limitations on the company's ability to invest in infrastructure and growth opportunities, further straining its financial performance. Furthermore, the prospect of interest rate changes exceeding the company's current models raises concerns about the cost of debt and overall financial stability, which may adversely affect profitability.

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.