$117.19
0.39% yesterday
NYSE, Nov 15, 10:10 pm CET
ISIN
US4511071064
Symbol
IDA

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

IDACORP, Inc. Classifications & Recommendation:

Buy
33%
Hold
56%
Sell
11%

IDACORP, Inc. Price Target

Target Price $114.63
Price $117.19
Deviation
Number of Estimates 8
8 Analysts have issued a price target IDACORP, Inc. 2025 . The average IDACORP, Inc. target price is $114.63. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 3 Analysts recommend IDACORP, Inc. to buy, 5 to hold and 1 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 IDACORP, Inc. stock has an average upside potential 2025 of . Most analysts recommend the IDACORP, Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.77 1.84
8.18% 3.54%
EBITDA Margin 27.65% 31.11%
5.92% 12.51%
Net Margin 15.44% 15.70%
7.02% 1.65%

6 Analysts have issued a sales forecast IDACORP, Inc. 2024 . The average IDACORP, Inc. sales estimate is

$1.8b
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. This is
0.62% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.9b 1.94%
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, the lowest is
$1.8b 4.02%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.8b 8.18%
2024
$1.8b 3.54%
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2025
$1.9b 5.81%
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2026
$2.1b 5.60%
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2027
$2.4b 15.06%
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2028
$2.6b 8.83%
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5 Analysts have issued an IDACORP, Inc. EBITDA forecast 2024. The average IDACORP, Inc. EBITDA estimate is

$571m
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. This is
23.61% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$627m 35.66%
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, the lowest is
$526m 13.87%
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.

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

EBITDA Estimates

2023 $490m 14.58%
2024
$571m 16.49%
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2025
$663m 16.14%
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2026
$766m 15.50%
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2027
$912m 19.03%
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2028
$1.0b 13.26%
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EBITDA Margin

2023 27.65% 5.92%
2024
31.11% 12.51%
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2025
34.14% 9.74%
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2026
37.35% 9.40%
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2027
38.63% 3.43%
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2028
40.21% 4.09%
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8 IDACORP, Inc. Analysts have issued a net profit forecast 2024. The average IDACORP, Inc. net profit estimate is

$288m
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. This is
0.21% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$290m 0.74%
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, the lowest is
$287m 0.37%
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.

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

Net Profit Estimates

2023 $274m 0.59%
2024
$288m 5.28%
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2025
$310m 7.61%
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2026
$333m 7.27%
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2027
$354m 6.38%
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2028
$366m 3.31%
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Net Margin

2023 15.44% 7.02%
2024
15.70% 1.65%
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2025
15.97% 1.72%
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2026
16.22% 1.57%
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2027
15.00% 7.52%
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2028
14.24% 5.07%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 5.14 5.41
0.59% 5.25%
P/E 21.66
EV/Sales 4.87

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

$5.41
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. This is
0.19% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$5.44 0.74%
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, the lowest is
$5.38 0.37%
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.

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

Earnings Per Share

2023 $5.14 0.59%
2024
$5.41 5.25%
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2025
$5.82 7.58%
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2026
$6.25 7.39%
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2027
$6.65 6.40%
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2028
$6.87 3.31%
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P/E ratio

Current 21.70 24.00%
2024
21.66 0.18%
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2025
20.13 7.06%
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2026
18.76 6.81%
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2027
17.64 5.97%
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2028
17.07 3.23%
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Based on analysts' sales estimates for 2024, the IDACORP, 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 4.84 20.40%
2024
4.87 0.69%
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2025
4.61 5.49%
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2026
4.36 5.30%
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2027
3.79 13.09%
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2028
3.48 8.12%
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P/S ratio

Current 3.38 25.69%
2024
3.40 0.62%
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2025
3.21 5.49%
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2026
3.04 5.30%
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2027
2.65 13.09%
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2028
2.43 8.12%
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