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PNM Resources Inc
NYSE:PNM

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PNM Resources Inc
NYSE:PNM
Watchlist
Price: 37.78 USD 0.19% Market Closed
Updated: May 6, 2024

Wall Street
Price Targets

PNM Price Targets Summary
PNM Resources Inc

Wall Street analysts forecast PNM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PNM is 44.3 USD with a low forecast of 40.4 USD and a high forecast of 57.75 USD.

Lowest
Price Target
40.4 USD
7% Upside
Average
Price Target
44.3 USD
17% Upside
Highest
Price Target
57.75 USD
53% Upside

PNM Last Price Targets
PNM Resources Inc

The latest public price target was made on Apr 15, 2024 by Nicholas Campanella from Barclays , who expects PNM stock to rise by 14% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Nicholas Campanella
Barclays
43 USD
Upside 14%
3 weeks ago
Apr 15, 2024
PNM Resources price target raised to $43 from $40 at Barclays
TheFly
Nicholas Campanella
Barclays
Price Target 43 USD
Upside/Downside 14%
View Source
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Revenue
Forecast

Revenue Estimate
PNM Resources Inc

For the last 8 years the compound annual growth rate for PNM Resources Inc's revenue is 4%. The projected CAGR for the next 3 years is 10%.

4%
Past Growth
10%
Estimated Growth
Estimates Accuracy
-3%
Average Miss

Operating Income
Forecast

Operating Income Estimate
PNM Resources Inc

For the last 8 years the compound annual growth rate for PNM Resources Inc's operating income is 0%. The projected CAGR for the next 3 years is 25%.

0%
Past Growth
25%
Estimated Growth
Estimates Accuracy
-13%
Average Miss

Net Income
Forecast

Net Income Estimate
PNM Resources Inc

For the last 8 years the compound annual growth rate for PNM Resources Inc's net income is 24%. The projected CAGR for the next 3 years is 46%.

24%
Past Growth
46%
Estimated Growth
Estimates Accuracy
-52%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PNM's stock price target?
Price Target
44.3 USD

According to Wall Street analysts, the average 1-year price target for PNM is 44.3 USD with a low forecast of 40.4 USD and a high forecast of 57.75 USD.

What is PNM Resources Inc's Revenue forecast?
Projected CAGR
10%

For the last 8 years the compound annual growth rate for PNM Resources Inc's revenue is 4%. The projected CAGR for the next 3 years is 10%.

What is PNM Resources Inc's Operating Income forecast?
Projected CAGR
25%

For the last 8 years the compound annual growth rate for PNM Resources Inc's operating income is 0%. The projected CAGR for the next 3 years is 25%.

What is PNM Resources Inc's Net Income forecast?
Projected CAGR
46%

For the last 8 years the compound annual growth rate for PNM Resources Inc's net income is 24%. The projected CAGR for the next 3 years is 46%.