Analyst Price Target is $67.33
▲ +8.71% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for ALLETE in the last 3 months. The average price target is $67.33, with a high forecast of $74.00 and a low forecast of $62.00. The average price target represents a 8.71% upside from the last price of $61.94.
Current Consensus is
The current consensus among 4 contributing investment analysts is to hold stock in ALLETE. This rating has held steady since January 2020, when it changed from a Buy consensus rating.
ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.