43/100BPPL 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 PPL is 39.79, 12.4% above the current price of 35.40. Their targets range from 35.00 to 44.00.
Of the 11 firms that rated PPL in the past 12 months, 8 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 35.00 to 44.00, with an average of 39.79.
| Buy | 8 | |
| Hold | 3 | |
| Sell | 0 |
12-month price target
| Highest target | 44.00 |
| Average target | 39.79 |
| Lowest target | 35.00 |
| Current price | 35.40 |
PPL 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 PPL price target and rating?
How analysts rate PPL, 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.
8 of 11 firms rate it buy now, against 6 of 8 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.
PPL analyst upgrades, downgrades and price targets
The latest rating change came on 24 February 2026, when Barclays upgraded PPL from Equal Weight to Overweight. The most recent new target came from Piper Sandler on 9 November 2026: 40.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 9 Nov 2026 | Piper Sandler | — | 40.00 | — | 36.09 |
| 9 Nov 2026 | Mizuho Securities Anthony Crowdell | — | 37.00 → 38.00 | +2.7% | 35.80 |
| 27 Oct 2026 | Truist Financial | — | 41.00 | — | 34.92 |
| 22 Oct 2026 | HSBC | — | 42.00 | — | 34.58 |
| 20 Oct 2026 | BTIG Alex Kania | — | 44.00 → 41.00 | -6.8% | 34.31 |
| 12 Oct 2026 | Barclays Michael Lonegan | Reiterated · Overweight | 41.00 → 38.00 | -7.3% | 34.25 |
| 29 Sept 2026 | Scotiabank | — | 36.00 | — | 32.11 |
| 28 Sept 2026 | Wells Fargo Shahriar Pourreza | Reiterated · Overweight | 41.00 → 44.00 | +7.3% | 32.03 |
| 18 Sept 2026 | Morgan Stanley David Arcaro | Reiterated · Overweight | 43.00 → 39.00 | -9.3% | 33.36 |
| 15 Sept 2026 | RBC Capital Stephen D\'Ambrisi | — | 35.00 | — | 33.79 |
| 25 Aug 2026 | Jefferies Paul Zimbardo | Reiterated · Buy | 48.00 → 44.00 | -8.3% | 35.04 |
| 17 Aug 2026 | Evercore ISI | Reiterated · Outperform | 43.00 → 42.00 | -2.3% | 36.02 |
| 10 Aug 2026 | BMO Capital James Thalacker | Reiterated · Outperform | 39.00 → 38.00 | -2.6% | 35.08 |
| 20 Jul 2026 | Raymond James | — | 39.00 | — | 35.85 |
| 14 Jul 2026 | Barclays | Reiterated · Overweight | 39.00 → 41.00 | +5.1% | 36.07 |
| 5 Jun 2026 | BMO Capital James Thalacker | Reiterated · Outperform | 40.00 → 39.00 | -2.5% | 35.52 |
| 5 Jun 2026 | Mizuho Securities Anthony Crowdell | Reiterated · Neutral | 39.00 → 37.00 | -5.1% | 35.16 |
| 11 May 2026 | BMO Capital | Reiterated · Outperform | 41.00 → 40.00 | -2.4% | 36.07 |
| 11 May 2026 | Barclays | Reiterated · Overweight | 37.00 → 39.00 | +5.4% | 35.91 |
| 21 Apr 2026 | Morgan Stanley | Reiterated · Overweight | 42.00 → 43.00 | +2.4% | 38.45 |
| 20 Apr 2026 | Seaport Global | — | 42.00 | — | 39.17 |
| 13 Apr 2026 | Jefferies | Reiterated · Buy | 48.00 | — | 39.58 |
| 24 Feb 2026 | Barclays | Upgraded · Equal Weight → Overweight | — | — | — |
| 23 Feb 2026 | UBS | Reiterated · Neutral | 36.00 → 41.00 | +13.9% | 36.81 |
| 20 Feb 2026 | Morgan Stanley David Arcaro | — | 40.00 → 42.00 | +5.0% | 37.55 |
| 18 Feb 2026 | Mizuho Securities Anthony Crowdell | — | 39.00 | — | 37.57 |
| 22 Jan 2026 | Barclays | Reiterated · Equal Weight | 40.00 → 37.00 | -7.5% | 37.18 |
| 20 Jan 2026 | Wells Fargo | Reiterated · Overweight | 45.00 → 41.00 | -8.9% | 36.83 |
| 17 Dec 2025 | UBS Greg Orrill | Reiterated · Neutral | 39.00 → 36.00 | -7.7% | 33.98 |
| 12 Dec 2025 | Wells Fargo | Reiterated · Overweight | 43.00 → 45.00 | +4.7% | 33.47 |
| 20 Nov 2025 | Morgan Stanley David Arcaro | — | 41.00 → 40.00 | -2.4% | 35.50 |
PPL 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 PPL's EPS to grow 12.8% a year until 2028. Over the last 5 years it fell 3.5% a year, and over the last 3 years it grew 16.2%.
Analysts expect PPL's revenue to grow 6.3% a year until 2028. Over the last 5 years it grew 10.6% a year, and over the last 3 years 4.6%.
Revenue
EPS
Does PPL 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 6.1% off the result, either way, and their revenue estimate 7.2%, over the last 12 quarters.
- EPS beats
- 82 / 137
- Revenue beats
- 77 / 115
- 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.
- +1.4%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 6 Nov 2026 | 0.53 | 0.54 | +1.7% | 2.41B | 2.50B | +3.5% |
| Q2 FY2026 | 7 Aug 2026 | 0.34 | 0.33 | -3.1% | 2.19B | 2.11B | -3.6% |
| Q1 FY2026 | 8 May 2026 | 0.62 | 0.63 | +2.3% | 2.51B | 2.77B | +10.6% |
| Q4 FY2025 | 20 Feb 2026 | 0.41 | 0.41 | +0.2% | 2.42B | 2.27B | -6.0% |
| Q3 FY2025 | 5 Nov 2025 | 0.46 | 0.48 | +4.4% | 2.05B | 2.24B | +9.0% |
| Q2 FY2025 | 31 Jul 2025 | 0.39 | 0.32 | -16.9% | 1.81B | 2.03B | +11.6% |
| Q1 FY2025 | 30 Apr 2025 | 0.55 | 0.60 | +8.5% | 2.15B | 2.50B | +16.4% |
| Q4 FY2024 | 13 Feb 2025 | 0.37 | 0.34 | -8.1% | 2.51B | 2.21B | -11.7% |
| Q3 FY2024 | 1 Nov 2024 | 0.42 | 0.42 | 0.0% | 2.10B | 2.07B | -1.5% |
| Q2 FY2024 | 2 Aug 2024 | 0.33 | 0.38 | +15.2% | 1.92B | 1.88B | -1.9% |
| Q1 FY2024 | 1 May 2024 | 0.50 | 0.54 | +8.0% | 2.39B | 2.30B | -3.5% |
| Q4 FY2023 | 16 Feb 2024 | 0.38 | 0.40 | +5.3% | 1.90B | 2.03B | +7.0% |
PPL 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 PPL's earnings keep growing at the 8.3% a year analysts expect to FY2028, it would earn about 2.69 a share in FY2030. At the P/E it has traded at over the last five years (20.1 to 28.6) that is 54.15 to 77.13 a share, or 67.20 at its average P/E of 25.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.95 | 39.15 | 48.59 | 55.77 |
| FY2027 | 2.12 | 42.55 | 52.81 | 60.61 |
| FY2028 | 2.30 | 46.19 | 57.33 | 65.80 |
| FY2029 (extrapolated) | 2.49 | 50.01 | 62.07 | 71.24 |
| FY2030 (extrapolated) | 2.69 | 54.15 | 67.20 | 77.13 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 8.3% 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 (20.1, 25.0, 28.6).
Is PPL 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.
PPL's P/E of 20.1 is near the bottom of its 5-year range (18.8 to 36.0, median 26.7). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Fair value is not a reliable guide for PPL: 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 18.2.
- 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.
- 20.11
- 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.
- 26.68
- Five-year P/E range
- 18.8 – 36.0
- 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.
- 18.18
- 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.
- 2.43
- 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.
- +12.4%
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.