PPL

PPL · NYSE

$34.61+$0.30 (+0.87%)TodayMarket closed · Oct 20, 7:45 PM ET

Prev close $34.31

PPL analyst rating

BuyConsensus of 16 analysts over the last 12 months. 63% rate it a buy.

Strong buy0
Buy10
Hold6
Underperform0
Sell0

12-month price target · 18 analysts

Average $40.63 (+17.4% upside)

Low: $35.35
Now: $34.61
High: $47.25

Upgrades and downgrades

The latest rating actions, newest first

PPL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 12, 2026	Maintains	Overweight	$41.00 → $38.00	52%
Scotiabank	Sep 29, 2026	Initiates	Sector Outperform	$36.00	88%
Wells Fargo	Sep 28, 2026	Maintains	Overweight	$43.00 → $44.00	52%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$42.00 → $39.00	52%
RBC Capital	Sep 15, 2026	Initiates	Sector Perform	$35.00	60%
Jefferies	Aug 25, 2026	Maintains	Buy	$48.00 → $44.00	53%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$43.00 → $42.00	52%
Evercore ISI Group	Aug 17, 2026	Maintains	Outperform	$44.00 → $42.00	17%
BMO Capital	Aug 10, 2026	Maintains	Outperform	$40.00 → $38.00	59%
BMO Capital	Jul 22, 2026	Maintains	Outperform	$39.00 → $40.00	59%

The case for and against

Updated Oct 31, 2025

Bull case

PPL's stock is positioned favorably due to its robust operational structure across regulated utilities in Pennsylvania, Kentucky, and Rhode Island, which supports reliable cash flow generation. The company has successfully increased its dividend by approximately 3%, indicating strong performance and confidence in sustained growth as it manages its contracts and capacity within regulated frameworks. Furthermore, PPL's strategic focus on expanding its regulated delivery and transmission capabilities positions it well for future demand and revenue growth in the energy sector.

Bear case

PPL faces significant risks that contribute to a negative outlook for its stock, including exposure to a weak energy market, which could lead to lower-than-expected throughput on its pipeline systems. Furthermore, regulatory intervention and challenges in completing new projects on time and within budget pose additional threats to operational stability and financial performance. Compounded by reduced margins in the midstream and marketing segments and potential investor skepticism towards acquisitions and investments, these factors collectively undermine investor confidence and the company’s growth prospects.

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.