$51.77
3.42% yesterday
NYSE, Apr 11, 10:10 pm CET
ISIN
US69349H1077
Symbol
TXNM
Sector
Industry

PNM Resources, Inc. Target price 2025 - Analyst rating & recommendation

PNM Resources, Inc. Classifications & Recommendation:

Buy
67%
Hold
22%
Sell
11%

PNM Resources, Inc. Price Target

Target Price $56.75
Price $51.73
Potential
Number of Estimates 8
8 Analysts have issued a price target PNM Resources, Inc. 2026 . The average PNM Resources, Inc. target price is $56.75. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 6 Analysts recommend PNM Resources, Inc. to buy, 2 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 PNM Resources, Inc. stock has an average upside potential 2026 of . Most analysts recommend the PNM Resources, Inc. stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 1.97 2.15
1.65% 9.21%
EBITDA Margin 44.92% 43.45%
32.60% 3.27%
Net Margin 12.22% 11.73%
157.52% 3.99%

5 Analysts have issued a sales forecast PNM Resources, Inc. 2025 . The average PNM Resources, Inc. sales estimate is

$2.2b
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. This is
9.21% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.3b 16.12%
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, the lowest is
$2.1b 4.77%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $2.0b 1.65%
2025
$2.2b 9.21%
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2026
$2.3b 5.37%
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2027
$2.4b 5.60%
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2028
$2.5b 4.05%
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2029
$2.6b 3.45%
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4 Analysts have issued an PNM Resources, Inc. EBITDA forecast 2025. The average PNM Resources, Inc. EBITDA estimate is

$935m
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. This is
5.62% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$990m 11.80%
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, the lowest is
$904m 2.11%
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.

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

EBITDA Estimates

2024 $885m 34.78%
2025
$935m 5.62%
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2026
$1.0b 8.82%
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2027
$1.1b 8.94%
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2028
$1.2b 6.43%
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2029
$1.3b 7.08%
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EBITDA Margin

2024 44.92% 32.60%
2025
43.45% 3.27%
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2026
44.87% 3.27%
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2027
46.29% 3.16%
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2028
47.35% 2.29%
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2029
49.01% 3.51%
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2 PNM Resources, Inc. Analysts have issued a net profit forecast 2025. The average PNM Resources, Inc. net profit estimate is

$253m
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. This is
4.87% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$253m 4.87%
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, the lowest is
$253m 4.87%
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.

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

Net Profit Estimates

2024 $241m 161.76%
2025
$253m 4.87%
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2026
$280m 10.71%
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2027
$309m 10.65%
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2028
$329m 6.41%
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2029
$350m 6.30%
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Net Margin

2024 12.22% 157.52%
2025
11.73% 3.99%
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2026
12.33% 5.12%
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2027
12.92% 4.79%
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2028
13.21% 2.24%
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2029
13.57% 2.73%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Dec '24 2025
Estimates
Earnings Per Share $ 2.67 2.80
161.76% 4.87%
P/E 18.48
EV/Sales 4.96

2 Analysts have issued a PNM Resources, Inc. forecast for earnings per share. The average PNM Resources, Inc. EPS is

$2.80
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. This is
4.87% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$2.80 4.87%
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, the lowest is
$2.80 4.87%
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.

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

Earnings Per Share

2024 $2.67 161.76%
2025
$2.80 4.87%
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2026
$3.10 10.71%
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2027
$3.43 10.65%
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2028
$3.65 6.41%
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2029
$3.88 6.30%
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P/E ratio

Current 19.34 47.10%
2025
18.48 4.45%
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2026
16.69 9.69%
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2027
15.08 9.65%
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2028
14.17 6.03%
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2029
13.33 5.93%
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Based on analysts' sales estimates for 2025, the PNM Resources, Inc. 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 5.42 25.17%
2025
4.96 8.50%
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2026
4.71 5.09%
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2027
4.46 5.31%
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2028
4.28 3.89%
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2029
4.14 3.34%
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P/S ratio

Current 2.43 40.54%
2025
2.23 8.43%
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2026
2.11 5.09%
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2027
2.00 5.31%
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2028
1.92 3.89%
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2029
1.86 3.34%
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Current PNM Resources, Inc. Upgrades & Downgrades

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Analyst Rating Action Date
Barclays
Locked
Locked
Locked Mar 18 2025
Mizuho
Locked
Locked
Locked Mar 11 2025
Barclays
Locked
Locked
Locked Mar 04 2025
Mizuho
Locked
Locked
Locked Mar 03 2025
Scotiabank
Locked
Locked
Locked Feb 24 2025
Evercore ISI Group
Locked
Locked
Locked Feb 11 2025
Citigroup
Locked
Locked
Locked Dec 12 2024
Analyst Rating Date
Locked
Barclays:
Locked
Locked
Mar 18 2025
Locked
Mizuho:
Locked
Locked
Mar 11 2025
Locked
Barclays:
Locked
Locked
Mar 04 2025
Locked
Mizuho:
Locked
Locked
Mar 03 2025
Locked
Scotiabank:
Locked
Locked
Feb 24 2025
Locked
Evercore ISI Group:
Locked
Locked
Feb 11 2025
Locked
Citigroup:
Locked
Locked
Dec 12 2024

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