$109.91
0.17% today
NYSE, Dec 30, 09:46 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 $117.75
Price $109.72
Potential
Number of Estimates 8
8 Analysts have issued a price target IDACORP, Inc. 2025 . The average IDACORP, Inc. target price is $117.75. This is higher 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% 3.81%
EBITDA Margin 27.65% 31.00%
5.92% 12.11%
Net Margin 15.44% 15.68%
7.02% 1.52%

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
0.36% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.9b 2.49%
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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 3.81%
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2025
$2.0b 6.04%
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2026
$2.1b 6.00%
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2027
$2.3b 11.57%
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2028
$2.6b 11.28%
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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
23.50% 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 16.39%
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2025
$662m 16.11%
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2026
$774m 16.83%
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2027
$934m 20.66%
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2028
$1.0b 10.58%
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EBITDA Margin

2023 27.65% 5.92%
2024
31.00% 12.11%
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2025
33.95% 9.52%
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2026
37.42% 10.22%
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2027
40.46% 8.12%
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2028
40.21% 0.62%
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8 IDACORP, Inc. Analysts have issued a net profit forecast 2024. The average IDACORP, Inc. net profit estimate is

$289m
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. This is
0.32% 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
$289m 5.40%
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2025
$311m 7.90%
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2026
$338m 8.43%
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2027
$361m 6.88%
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2028
$366m 1.35%
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Net Margin

2023 15.44% 7.02%
2024
15.68% 1.52%
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2025
15.96% 1.79%
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2026
16.32% 2.26%
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2027
15.63% 4.23%
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2028
14.24% 8.89%
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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 5.42
0.59% 5.45%
P/E 20.25
EV/Sales 4.64

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

$5.42
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. This is
0.37% 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
$5.42 5.45%
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2025
$5.85 7.93%
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2026
$6.34 8.38%
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2027
$6.77 6.78%
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2028
$6.87 1.48%
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P/E ratio

Current 20.32 11.65%
2024
20.25 0.34%
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2025
18.77 7.31%
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2026
17.31 7.78%
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2027
16.20 6.41%
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2028
15.98 1.36%
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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 4.63 11.84%
2024
4.64 0.32%
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2025
4.38 5.69%
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2026
4.13 5.66%
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2027
3.70 10.37%
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2028
3.33 10.14%
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P/S ratio

Current 3.16 13.44%
2024
3.18 0.36%
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2025
3.00 5.70%
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2026
2.83 5.66%
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2027
2.53 10.37%
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2028
2.28 10.14%
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