▲ +15.60% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for IDACORP in the last 3 months. The average price target is $102.20, with a high forecast of $110.00 and a low forecast of $94.00. The average price target represents a 15.60% upside from the last price of $88.41.
The current consensus among 5 polled investment analysts is to buy stock in IDACORP. This rating has held steady since April 2020, when it changed from a Hold consensus rating.
IDACORP, Inc. engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in three coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2019, it had approximately 4,830 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 31 mixed-use transmission and distribution substations; 185 energized distribution substations; and 27,968 pole-miles of distribution lines, as well as provides electric utility services to approximately 572,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, and winter recreation activities. It also invests in housing and other real estate investments. The company was founded in 1915 and is headquartered in Boise, Idaho.