$63.50
0.15% day before yesterday
NYSE, Sep 06, 10:10 pm CET
ISIN
US0185223007
Symbol
ALE
Sector
Industry

ALLETE, Inc. Target price 2024 - Analyst rating & recommendation

ALLETE, Inc. Classifications & Recommendation:

Hold
100%

ALLETE, Inc. Price Target

Target Price $67.00
Price $63.48
Potential
Number of Estimates 2
2 Analysts have issued a price target ALLETE, Inc. 2025 . The average ALLETE, Inc. target price is $67.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 2 analysts: 0 Analysts recommend ALLETE, Inc. to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the ALLETE, Inc. stock has an average upside potential 2025 of . Most analysts recommend the ALLETE, Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

Create a premium account to unlock analyst estimates. Learn more

Dec '23 2024
Estimates
Revenue Billion $ 1.88 1.57
19.68% 16.32%
EBITDA Margin 23.02% 28.04%
3.95% 21.82%
Net Margin 13.22% 13.78%
6.30% 4.22%

1 Analyst has issued a sales forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. sales estimate is

$1.6b
Unlock
. This is
2.19% higher
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.6b 2.19%
Unlock
, the lowest is
$1.6b 2.19%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 19.68%
2024
$1.6b 16.32%
Unlock
2025
$1.6b 2.86%
Unlock
2026
$1.7b 6.24%
Unlock
2027
$1.8b 6.69%
Unlock
2028
$2.0b 8.40%
Unlock

1 Analyst has issued an EBITDA forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. EBITDA estimate is

$441m
Unlock
. This is
6.65% higher
Unlock
than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$441m 6.65%
Unlock
, the lowest is
$441m 6.65%
Unlock
.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $433m 14.96%
2024
$441m 1.92%
Unlock
2025
$469m 6.35%
Unlock
2026
$554m 18.12%
Unlock
2027
$655m 18.23%
Unlock
2028
$786m 20.00%
Unlock

EBITDA Margin

2023 23.02% 3.95%
2024
28.04% 21.82%
Unlock
2025
28.99% 3.39%
Unlock
2026
32.23% 11.18%
Unlock
2027
35.71% 10.80%
Unlock
2028
39.54% 10.73%
Unlock

1 Analyst has issued a net profit forecast ALLETE, Inc. 2024 . The average ALLETE, Inc. net profit estimate is

$217m
Unlock
. This is
2.34% lower
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$217m 2.34%
Unlock
, the lowest is
$217m 2.34%
Unlock
.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $249m 27.22%
2024
$217m 12.79%
Unlock
2025
$230m 6.13%
Unlock
2026
$261m 13.57%
Unlock
2027
$276m 5.75%
Unlock
2028
$306m 10.88%
Unlock

Net Margin

2023 13.22% 6.30%
2024
13.78% 4.22%
Unlock
2025
14.22% 3.19%
Unlock
2026
15.20% 6.89%
Unlock
2027
15.06% 0.92%
Unlock
2028
15.41% 2.32%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

Create a premium account to unlock analyst estimates. Learn more

Dec '23 2024
Estimates
Earnings Per Share $ 4.30 3.75
27.22% 12.79%
P/E 16.93
EV/Sales 3.81

1 Analysts have issued a ALLETE, Inc. forecast for earnings per share. The average ALLETE, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.75
Unlock
. This is
2.34% lower
Unlock
than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.75 2.34%
Unlock
, the lowest is
$3.75 2.34%
Unlock
.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $4.30 27.22%
2024
$3.75 12.79%
Unlock
2025
$3.98 6.13%
Unlock
2026
$4.52 13.57%
Unlock
2027
$4.78 5.75%
Unlock
2028
$5.30 10.88%
Unlock

P/E ratio

Current 16.54 7.12%
2024
16.93 2.36%
Unlock
2025
15.95 5.79%
Unlock
2026
14.04 11.97%
Unlock
2027
13.28 5.41%
Unlock
2028
11.98 9.79%
Unlock

Based on analysts' sales estimates for 2024, the ALLETE, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.90 34.02%
2024
3.81 2.19%
Unlock
2025
3.71 2.78%
Unlock
2026
3.49 5.88%
Unlock
2027
3.27 6.27%
Unlock
2028
3.02 7.75%
Unlock

P/S ratio

Current 2.38 43.79%
2024
2.33 2.15%
Unlock
2025
2.27 2.78%
Unlock
2026
2.13 5.87%
Unlock
2027
2.00 6.27%
Unlock
2028
1.84 7.74%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today