83/100BEaton stock forecast 2026–2030What 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 Eaton is 499.00, 42.9% above the current price of 349.11. Their targets range from 485.00 to 520.00.
Of the 12 firms that rated Eaton in the past 12 months, 11 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 485.00 to 520.00, with an average of 499.00.
| Buy | 11 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 520.00 |
| Average target | 499.00 |
| Lowest target | 485.00 |
| Current price | 349.11 |
Eaton 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 Eaton price target and rating?
How analysts rate Eaton, 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.
11 of 12 firms rate it buy now, against 11 of 14 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.
Eaton analyst upgrades, downgrades and price targets
The latest rating change came on 8 September 2026, when UBS upgraded Eaton from Neutral to Buy. The most recent new target came from Raymond James on 9 November 2026: 485.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 9 Nov 2026 | Raymond James Tim Thein | — | 485.00 | — | 341.72 |
| 4 Nov 2026 | Wells Fargo Stephen Tusa | Reiterated · Overweight | 503.00 → 485.00 | -3.6% | 391.70 |
| 4 Nov 2026 | Mizuho Securities Brett Linzey | — | 485.00 | — | 391.70 |
| 24 Sept 2026 | Wells Fargo | — | 340.00 → 503.00 | +47.9% | 440.00 |
| 8 Sept 2026 | UBS | Upgraded · Neutral → Buy | — | — | — |
| 7 Sept 2026 | UBS | — | 360.00 → 515.00 | +43.1% | 410.85 |
| 28 Aug 2026 | Morgan Stanley Toby Okwara | Reiterated · Overweight | 500.00 → 520.00 | +4.0% | 416.04 |
| 20 Aug 2026 | Robert W. Baird | — | 500.00 | — | 415.29 |
| 3 Aug 2026 | RBC Capital | Reiterated · Outperform | 484.00 → 512.00 | +5.8% | 430.45 |
| 3 Aug 2026 | BMO Capital | Reiterated · Outperform | 428.00 → 487.00 | +13.8% | 415.20 |
| 3 Aug 2026 | Evercore ISI David Raso | Upgraded · In Line → Outperform | 453.00 → 502.00 | +10.8% | 415.20 |
| 11 May 2026 | Evercore ISI | — | 453.00 | — | 401.89 |
| 10 May 2026 | Morgan Stanley | — | 425.00 → 500.00 | +17.6% | 401.51 |
| 6 May 2026 | RBC Capital | Reiterated · Outperform | 407.00 → 484.00 | +18.9% | 410.60 |
| 6 May 2026 | KeyBanc Jeffrey Hammond | Reiterated · Overweight | 420.00 → 480.00 | +14.3% | 410.86 |
| 26 Mar 2026 | BMO Capital | — | 428.00 | — | 357.10 |
| 4 Feb 2026 | RBC Capital | — | 399.00 → 407.00 | +2.0% | 364.53 |
| 4 Feb 2026 | Morgan Stanley | — | 405.00 → 425.00 | +4.9% | 371.14 |
| 16 Jan 2026 | HSBC Sean McLoughlin | Upgraded · Hold → Buy | 400.00 | — | 333.46 |
| 15 Jan 2026 | RBC Capital | — | 356.00 → 399.00 | +12.1% | 337.00 |
| 12 Jan 2026 | Morgan Stanley | Reiterated · Overweight | 375.00 → 405.00 | +8.0% | 327.57 |
| 7 Jan 2026 | Barclays Julian Mitchell | Reiterated · Equal Weight | 362.00 → 350.00 | -3.3% | 332.97 |
| 5 Jan 2026 | UBS | Downgraded · Buy → Neutral | — | — | — |
| 4 Jan 2026 | UBS | — | 360.00 | — | 327.31 |
| 19 Dec 2025 | Bernstein | — | 396.00 → 295.00 | -25.5% | 315.95 |
| 18 Dec 2025 | Wells Fargo Joseph O'Dea | Reiterated · Equal Weight | 355.00 → 340.00 | -4.2% | 315.82 |
| 9 Dec 2025 | Wolfe Research Nigel Coe | Upgraded · Peer Perform → Outperform | 413.00 | — | 343.39 |
Eaton 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 Eaton's EPS to grow 21.9% a year until 2028, about as fast as over the last 5 years (24.5% a year) and the last 3 years (19.4%).
Analysts expect Eaton's revenue to grow 14.7% a year until 2028, faster than over the last 5 years (9.0% a year) and the last 3 years (9.8%).
Revenue
EPS
Does Eaton 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 2.2% off the result, either way, and their revenue estimate 1.9%, over the last 12 quarters.
- EPS beats
- 104 / 136
- Revenue beats
- 88 / 120
- 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.
- +2.2%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Nov 2026 | 3.54 | 3.68 | +4.0% | 8.53B | 8.95B | +4.9% |
| Q2 FY2026 | 31 Jul 2026 | 3.07 | 3.15 | +2.6% | 8.16B | 8.53B | +4.6% |
| Q1 FY2026 | 5 May 2026 | 2.73 | 2.81 | +2.9% | 7.14B | 7.45B | +4.3% |
| Q4 FY2025 | 3 Feb 2026 | 3.31 | 3.33 | +0.6% | 7.09B | 7.06B | -0.5% |
| Q3 FY2025 | 4 Nov 2025 | 3.05 | 3.07 | +0.7% | 7.07B | 6.99B | -1.2% |
| Q2 FY2025 | 5 Aug 2025 | 2.93 | 2.95 | +0.7% | 6.91B | 7.03B | +1.7% |
| Q1 FY2025 | 2 May 2025 | 2.71 | 2.72 | +0.4% | 6.25B | 6.38B | +2.0% |
| Q4 FY2024 | 31 Jan 2025 | 2.82 | 2.83 | +0.4% | 6.32B | 6.24B | -1.3% |
| Q3 FY2024 | 31 Oct 2024 | 2.80 | 2.84 | +1.4% | 6.37B | 6.35B | -0.4% |
| Q2 FY2024 | 1 Aug 2024 | 2.61 | 2.73 | +4.6% | 6.35B | 6.35B | +0.0% |
| Q1 FY2024 | 30 Apr 2024 | 2.29 | 2.40 | +4.8% | 5.91B | 5.94B | +0.6% |
| Q4 FY2023 | 1 Feb 2024 | 2.47 | 2.55 | +3.2% | 5.91B | 5.97B | +0.9% |
Eaton stock price 2026–2030: 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.
If Eaton's earnings grow at the 16.3% a year analysts expect to FY2028, then 15.0% a year, it would earn about 25.08 a share in FY2030. At the P/E it has traded at over the last five years (25.4 to 34.8) that is 636.91 to 872.91 a share, or 783.10 at its average P/E of 31.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 13.73 | 348.81 | 428.88 | 478.06 |
| FY2027 | 16.29 | 413.75 | 508.72 | 567.05 |
| FY2028 | 18.96 | 481.60 | 592.14 | 660.04 |
| FY2029 (extrapolated) | 21.81 | 553.84 | 680.96 | 759.05 |
| FY2030 (extrapolated) | 25.08 | 636.91 | 783.10 | 872.91 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (25.4, 31.2, 34.8).
Is Eaton 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.
Eaton's P/E of 34.8 is above the middle of its 5-year range (22.5 to 46.6, median 32.7). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay about the usual price for each point of growth: a PEG of 1.6 on expected growth against 1.3 on its median P/E and past five years' growth. At its usual P/E (32.7 × EPS of 10.03), Eaton's fair value is 328.27; the price, 349.11, is 6.3% above it. Its forward P/E, on the consensus for FY2026, is 25.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (22.5 and 46.6). The price against its P/E range
- 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.
- 34.81
- 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.
- 32.73
- Five-year P/E range
- 22.5 – 46.6
- 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.
- 25.42
- 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.
- 2.14
- 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.
- +42.9%
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.