83/100BCameco stock forecast 2026–2028What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Cameco is 123.25, 74.7% above the current price of 70.55. Their targets range from 95.00 to 138.00.
Of the 5 firms that rated Cameco in the past 12 months, 4 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 95.00 to 138.00, with an average of 123.25.
| Buy | 4 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 138.00 |
| Average target | 123.25 |
| Lowest target | 95.00 |
| Current price | 70.55 |
Cameco price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Cameco price target and rating?
How analysts rate Cameco, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
4 of 5 firms rate it buy now, against 3 of 3 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Cameco analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 22 Oct 2026 | Truist Financial Christopher Souther | Reiterated · Buy | 130.00 → 125.00 | -3.8% | 82.02 |
| 19 Oct 2026 | Barclays | Reiterated · Equal Weight | 97.00 → 95.00 | -2.1% | 81.52 |
| 3 Sept 2026 | Jefferies | — | 138.00 | — | 96.38 |
| 12 Aug 2026 | Truist Financial | Reiterated · Buy | 129.00 → 130.00 | +0.8% | 99.31 |
| 4 Aug 2026 | Barclays | Reiterated · Equal Weight | 104.00 → 97.00 | -6.7% | 89.72 |
| 15 Jul 2026 | Barclays | — | 108.00 → 104.00 | -3.7% | 91.57 |
| 13 Jul 2026 | Truist Financial | — | 129.00 | — | 90.20 |
| 15 Jun 2026 | Bernstein Bob Brackett | — | 147.00 → 135.00 | -8.2% | 106.96 |
| 21 May 2026 | Barclays | — | 108.00 | — | 105.33 |
| 6 May 2026 | Scotiabank Orest Wowkodaw | — | 175.00 | — | 114.46 |
| 5 Feb 2026 | Bernstein Bob Brackett | — | 101.00 → 147.00 | +45.5% | 109.97 |
| 4 Feb 2026 | Goldman Sachs | — | 109.00 → 131.00 | +20.2% | 126.15 |
| 7 Jan 2026 | Bernstein | — | 70.00 → 101.00 | +44.3% | 102.09 |
| 3 Dec 2025 | GLJ Research | — | 99.74 | — | 86.85 |
Cameco EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Cameco's EPS to grow 29.6% a year until 2028.
Analysts expect Cameco's revenue to grow 7.1% a year until 2028, slower than over the last 5 years (14.1% a year) and the last 3 years (23.0%).
Revenue
EPS
Does Cameco beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 52.4% off the result, either way, and their revenue estimate 20.0%, over the last 12 quarters.
- EPS beats
- 67 / 121
- Revenue beats
- 73 / 121
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -17.9%
- Since
- April 1996
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Oct 2026 | 0.23 | -0.00 | -101.4% | 531.67M | 434.72M | -18.2% |
| Q2 FY2026 | 31 Jul 2026 | 0.26 | 0.13 | -50.0% | 579.60M | 573.06M | -1.1% |
| Q1 FY2026 | 5 May 2026 | 0.29 | 0.34 | +17.2% | 598.63M | 607.49M | +1.5% |
| Q4 FY2025 | 13 Feb 2026 | 0.29 | 0.36 | +24.1% | 806.26M | 874.57M | +8.5% |
| Q3 FY2025 | 5 Nov 2025 | 0.14 | 0.05 | -64.6% | 389.39M | 440.62M | +13.2% |
| Q2 FY2025 | 31 Jul 2025 | 0.27 | 0.51 | +87.6% | 427.79M | 643.71M | +50.5% |
| Q1 FY2025 | 1 May 2025 | 0.09 | 0.11 | +18.0% | 396.35M | 554.33M | +39.9% |
| Q4 FY2024 | 20 Feb 2025 | 0.16 | 0.26 | +59.7% | 533.14M | 822.19M | +54.2% |
| Q3 FY2024 | 7 Nov 2024 | 0.14 | -0.01 | -107.3% | 410.58M | 530.99M | +29.3% |
| Q2 FY2024 | 31 Jul 2024 | 0.13 | 0.10 | -23.1% | 395.16M | 437.72M | +10.8% |
| Q1 FY2024 | 30 Apr 2024 | 0.19 | 0.10 | -46.8% | 426.40M | 466.88M | +9.5% |
| Q4 FY2023 | 8 Feb 2024 | 0.21 | 0.15 | -28.6% | 611.11M | 635.26M | +4.0% |
Cameco stock price 2026–2028: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
There are no price scenarios for Cameco: its P/E has been above 60, or from losses, too often in the last five years to price its earnings at, and similar companies' P/Es put its value too far from its price to stand in. The earnings analysts expect are in the estimates above.
Is Cameco stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Cameco's P/E of 110.2 is below the middle of its 5-year range (69.5 to 329.9, median 119.1). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Fair value is not a reliable guide for Cameco: it made a loss in FY2021, so its usual P/E says little about what it is worth. Its forward P/E, on the consensus for FY2026, is 85.0.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 110.16
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 119.12
- Five-year P/E range
- 69.5 – 329.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 84.97
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 4.24
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +74.7%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.