$70.45
1.22%
NYSE, Sep 18, 04:28 pm EDT.
ISIN
US0921131092
Symbol
BKH

Black Hills Corporation Target price 2026 - Analyst rating & recommendation

Black Hills Corporation Classifications & Recommendation

Buy
89%
Hold
11%

Black Hills Corporation Price Target

Target Price $87.72
Price $70.45
Potential
Number of Estimates 6
6 Analysts have issued a price target Black Hills Corporation 2027 . The average Black Hills Corporation target price is $87.72. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 8 Analysts recommend Black Hills Corporation to buy, 1 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 Black Hills Corporation stock has an average upside potential 2027 of . Most analysts recommend the Black Hills Corporation stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Billion $ 2.31 2.52
8.57% 9.26%
EBITDA Margin 35.55% 36.45%
2.16% 2.52%
Net Margin 12.62% 13.22%
1.65% 4.73%

5 Analysts have issued a sales forecast Black Hills Corporation 2026 . The average Black Hills Corporation sales estimate is

$2.5b
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. This is
9.78% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.8b 22.04%
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, the lowest is
$2.4b 2.51%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $2.3b 8.57%
2026
$2.5b 9.26%
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2027
$2.7b 7.29%
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2028
$2.7b 1.40%
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2029
$3.8b 39.08%
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2030
$4.0b 4.53%
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5 Analysts have issued an Black Hills Corporation EBITDA forecast 2026. The average Black Hills Corporation EBITDA estimate is

$920m
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. This is
9.03% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$957m 13.35%
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, the lowest is
$893m 5.79%
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.

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

EBITDA Estimates

2025 $821m 6.22%
2026
$920m 12.03%
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2027
$986m 7.14%
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2028
$1.1b 7.13%
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2029
$1.6b 48.39%
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2030
$1.7b 7.98%
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EBITDA Margin

2025 35.55% 2.16%
2026
36.45% 2.52%
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2027
36.40% 0.14%
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2028
38.46% 5.66%
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2029
41.03% 6.68%
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2030
42.38% 3.29%
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7 Black Hills Corporation Analysts have issued a net profit forecast 2026. The average Black Hills Corporation net profit estimate is

$334m
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. This is
11.59% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$348m 16.46%
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, the lowest is
$322m 7.69%
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.

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

Net Profit Estimates

2025 $292m 6.77%
2026
$334m 14.46%
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2027
$356m 6.69%
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2028
$375m 5.23%
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2029
$412m 9.97%
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2030
$381m 7.60%
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Net Margin

2025 12.62% 1.65%
2026
13.22% 4.73%
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2027
13.15% 0.53%
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2028
13.65% 3.80%
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2029
10.79% 20.95%
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2030
9.54% 11.58%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share $ 3.98 4.38
1.79% 10.05%
P/E 16.10
EV/Sales 3.88

7 Analysts have issued a Black Hills Corporation forecast for earnings per share. The average Black Hills Corporation EPS is

$4.38
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. This is
11.45% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$4.57 16.28%
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, the lowest is
$4.22 7.38%
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.

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

Earnings Per Share

2025 $3.98 1.79%
2026
$4.38 10.05%
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2027
$4.67 6.62%
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2028
$4.91 5.14%
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2029
$5.40 9.98%
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2030
$4.99 7.59%
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P/E ratio

Current 17.93 17.41%
2026
16.10 10.19%
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2027
15.09 6.27%
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2028
14.34 4.97%
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2029
13.04 9.07%
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2030
14.11 8.21%
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Based on analysts' sales estimates for 2026, the Black Hills Corporation stock is valued at an EV/Sales of

and an P/S ratio of .

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

EV/Sales

Current 4.26 8.95%
2026
3.88 8.91%
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2027
3.62 6.79%
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2028
3.57 1.39%
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2029
2.56 28.10%
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2030
2.45 4.34%
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P/S ratio

Current 2.34 19.15%
2026
2.13 8.91%
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2027
1.98 6.79%
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2028
1.96 1.39%
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2029
1.41 28.09%
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2030
1.35 4.34%
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Current Black Hills Corporation Upgrades & Downgrades

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Analyst Rating Action Date
BMO Capital
Locked
Locked
Locked Jul 22 2026
B of A Securities
Locked
Locked
Locked Jul 10 2026
B of A Securities
Locked
Locked
Locked Jun 11 2026
BMO Capital
Locked
Locked
Locked Apr 15 2026
B of A Securities
Locked
Locked
Locked Apr 09 2026
Ladenburg Thalmann
Locked
Locked
Locked Apr 01 2026
BMO Capital
Locked
Locked
Locked Feb 09 2026
Analyst Rating Date
Locked
BMO Capital:
Locked
Locked
Jul 22 2026
Locked
B of A Securities:
Locked
Locked
Jul 10 2026
Locked
B of A Securities:
Locked
Locked
Jun 11 2026
Locked
BMO Capital:
Locked
Locked
Apr 15 2026
Locked
B of A Securities:
Locked
Locked
Apr 09 2026
Locked
Ladenburg Thalmann:
Locked
Locked
Apr 01 2026
Locked
BMO Capital:
Locked
Locked
Feb 09 2026

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