50/100BPG&E stock forecast 2026–2030
Analysts' average 12-month price target for PG&E is 17.55, 35.3% above the current price of 12.98. Their targets range from 13.00 to 22.00.
Of the 10 firms that rated PG&E in the past 12 months, 2 rate it buy or strong buy, 8 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 13.00 to 22.00, with an average of 17.55.
| Strong buy | 0 | |
| Buy | 2 | |
| Hold | 8 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 22.00 |
| Average target | 17.55 |
| Lowest target | 13.00 |
| Current price | 12.98 |
PG&E price target history
Have analysts recently raised or lowered their PG&E price target and rating?
How analysts rate PG&E, month by month
2 of 10 firms rate it buy now, against 5 of 9 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.
PG&E analyst upgrades, downgrades and price targets
The latest rating change came on 23 September 2026, when UBS downgraded PG&E from Buy to Neutral. The most recent new target came from BMO Capital on 26 October 2026: 22.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | BMO Capital | Reiterated · Market Perform | 21.00 → 22.00 | +4.8% | 12.83 |
| 22 Oct 2026 | HSBC | — | 15.50 | — | 13.15 |
| 15 Oct 2026 | Goldman Sachs | — | 20.00 | — | 13.15 |
| 12 Oct 2026 | Barclays | Reiterated · Overweight | 18.00 → 17.00 | -5.6% | 13.13 |
| 23 Sept 2026 | UBS | Downgraded · Buy → Neutral | — | — | — |
| 22 Sept 2026 | UBS Gregg Orrill | — | 23.00 → 14.00 | -39.1% | 12.88 |
| 3 Sept 2026 | Barclays | Reiterated · Overweight | 23.00 → 18.00 | -21.7% | 13.33 |
| 3 Sept 2026 | Mizuho Securities Anthony Crowdell | Reiterated · Neutral | 16.00 → 14.00 | -12.5% | 13.33 |
| 3 Sept 2026 | Truist Financial | Downgraded · Buy → Hold | 21.00 → 17.00 | -19.0% | 13.33 |
| 1 Sept 2026 | Jefferies | — | 21.00 → 13.00 | -38.1% | 13.27 |
| 1 Sept 2026 | B of A Securities | Downgraded · Buy → Neutral | — | — | — |
| 31 Aug 2026 | Mizuho Securities | Downgraded · Outperform → Neutral | 21.00 → 16.00 | -23.8% | 16.60 |
| 31 Aug 2026 | BMO Capital | Downgraded · Outperform → Market Perform | 28.00 → 21.00 | -25.0% | 16.60 |
| 31 Aug 2026 | Industrial Alliance Securities | — | 21.00 | — | 16.60 |
| 31 Aug 2026 | Wells Fargo | Downgraded · Overweight → Equal Weight | — | — | — |
| 4 Aug 2026 | Truist Financial | Reiterated · Buy | 22.00 → 21.00 | -4.5% | 17.43 |
| 24 Jul 2026 | BMO Capital | Reiterated · Outperform | 27.00 → 28.00 | +3.7% | 17.54 |
| 22 Jul 2026 | BMO Capital | Reiterated · Outperform | 25.00 → 27.00 | +8.0% | 17.69 |
| 21 May 2026 | Morgan Stanley | — | 23.00 → 22.00 | -4.3% | 16.42 |
| 18 May 2026 | Truist Financial | Reiterated · Buy | 23.00 → 22.00 | -4.3% | 16.13 |
| 21 Apr 2026 | Wells Fargo | — | 23.00 → 25.00 | +8.7% | 17.35 |
| 20 Apr 2026 | Truist Financial Richard Sunderland | — | 23.00 | — | 17.35 |
| 23 Mar 2026 | Jefferies | Downgraded · Buy → Hold | — | — | — |
| 9 Mar 2026 | UBS | Upgraded · Neutral → Buy | 20.00 → 23.00 | +15.0% | 18.17 |
| 20 Feb 2026 | Morgan Stanley | — | 21.00 → 23.00 | +9.5% | 18.28 |
| 20 Feb 2026 | UBS Gregg Orrill | Reiterated · Neutral | 18.00 → 20.00 | +11.1% | 18.24 |
| 18 Feb 2026 | Barclays Nicholas Campanella | Reiterated · Overweight | 21.00 → 23.00 | +9.5% | 18.02 |
| 21 Jan 2026 | Mizuho Securities Anthony Crowdell | — | 21.00 | — | 15.25 |
PG&E EPS and revenue estimates
Analysts expect PG&E's EPS to grow 18.6% a year until 2028.
Analysts expect PG&E's revenue to grow 4.0% a year until 2028, about as fast as over the last 5 years (6.2% a year) and the last 3 years (4.8%).
Revenue
EPS
Does PG&E beat earnings estimates?
On average, analysts' EPS estimate was 5.8% off the result, either way, and their revenue estimate 7.5%, over the last 12 quarters.
- EPS beats
- 72 / 136
- Revenue beats
- 68 / 120
- Average EPS surprise, last 12
- +4.6%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 22 Oct 2026 | 0.41 | 0.41 | -0.8% | 6.82B | 6.19B | -9.3% |
| Q2 FY2026 | 23 Jul 2026 | 0.36 | 0.40 | +11.6% | 6.20B | 5.90B | -4.9% |
| Q1 FY2026 | 23 Apr 2026 | 0.40 | 0.43 | +8.0% | 6.26B | 6.88B | +10.0% |
| Q4 FY2025 | 12 Feb 2026 | 0.36 | 0.36 | -1.1% | 7.05B | 6.80B | -3.5% |
| Q3 FY2025 | 23 Oct 2025 | 0.42 | 0.50 | +17.9% | 6.41B | 6.25B | -2.5% |
| Q2 FY2025 | 31 Jul 2025 | 0.32 | 0.31 | -1.9% | 6.24B | 5.90B | -5.5% |
| Q1 FY2025 | 24 Apr 2025 | 0.34 | 0.33 | -3.3% | 6.13B | 5.98B | -2.5% |
| Q4 FY2024 | 13 Feb 2025 | 0.31 | 0.31 | -0.1% | 7.22B | 6.63B | -8.1% |
| Q3 FY2024 | 7 Nov 2024 | 0.33 | 0.37 | +10.9% | 6.58B | 5.94B | -9.7% |
| Q2 FY2024 | 25 Jul 2024 | 0.30 | 0.31 | +3.3% | 5.86B | 5.99B | +2.1% |
| Q1 FY2024 | 25 Apr 2024 | 0.35 | 0.37 | +5.7% | 6.60B | 5.86B | -11.2% |
| Q4 FY2023 | 22 Feb 2024 | 0.45 | 0.47 | +4.4% | 5.85B | 7.04B | +20.3% |
PG&E stock price 2026–2030: scenarios
If PG&E's earnings keep growing at the 9.5% a year analysts expect to FY2028, it would earn about 2.36 a share in FY2030. At the P/E it has traded at over the last five years (13.6 to 17.9) that is 32.15 to 42.18 a share, or 38.61 at its average P/E of 16.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.65 | 22.44 | 26.95 | 29.44 |
| FY2027 | 1.80 | 24.54 | 29.47 | 32.20 |
| FY2028 | 1.97 | 26.82 | 32.21 | 35.18 |
| FY2029 (extrapolated) | 2.16 | 29.36 | 35.26 | 38.52 |
| FY2030 (extrapolated) | 2.36 | 32.15 | 38.61 | 42.18 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 9.5% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (13.6, 16.4, 17.9).
Is PG&E stock undervalued or overvalued?
PG&E's P/E of 9.6 is near the bottom of its 5-year range (8.7 to 16.4, median 13.4). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Fair value is not a reliable guide for PG&E: 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 7.9.
- Price to earnings ratio (TTM)
- 9.61
- Five-year median P/E
- 13.36
- Five-year P/E range
- 8.7 – 16.4
- Forward P/E (FY2026)
- 7.87
- PEG ratio
- 1.01
- To the average target
- +35.3%
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