| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 07/21/2023 | -1.71% | Mizuho | $64 → $58 | Maintains | Neutral |
| 07/07/2023 | -16.96% | Guggenheim | $54 → $49 | Maintains | Sell |
| 06/27/2023 | -8.49% | B of A Securities | $63 → $54 | Downgrades | Neutral → Underperform |
| 05/05/2023 | 6.76% | B of A Securities | $66 → $63 | Downgrades | Buy → Neutral |
| 04/06/2023 | 25.4% | Sidoti & Co. | → $74 | Upgrades | Neutral → Buy |
| 01/30/2023 | 10.15% | Wells Fargo | $67 → $65 | Maintains | Equal-Weight |
| 01/24/2023 | 8.46% | Mizuho | $66 → $64 | Maintains | Neutral |
| 01/23/2023 | -8.49% | Guggenheim | $53 → $54 | Downgrades | Neutral → Sell |
| 12/14/2022 | 13.54% | Wells Fargo | $60 → $67 | Maintains | Equal-Weight |
| 12/09/2022 | 10.15% | Mizuho | $50 → $65 | Maintains | Neutral |
| 11/17/2022 | 10.15% | JP Morgan | → $65 | Upgrades | Underweight → Neutral |
| 11/14/2022 | 11.85% | B of A Securities | $53 → $66 | Upgrades | Neutral → Buy |
| 10/19/2022 | -5.1% | Wells Fargo | $65 → $56 | Maintains | Equal-Weight |
| 10/03/2022 | -15.27% | Mizuho | $58 → $50 | Maintains | Neutral |
| 09/16/2022 | -1.71% | Mizuho | $60 → $58 | Maintains | Neutral |
| 05/25/2022 | 6.76% | B of A Securities | → $63 | Initiates Coverage On | → Neutral |
| 03/02/2022 | 1.68% | Mizuho | $66 → $60 | Maintains | Neutral |
| 04/28/2021 | 25.4% | Wells Fargo | $76 → $74 | Maintains | Equal-Weight |
| 01/21/2021 | 11.85% | Guggenheim | → $66 | Downgrades | Buy → Neutral |
| 08/26/2020 | -6.8% | Mizuho | $66 → $55 | Maintains | Neutral |
| 06/01/2020 | 8.46% | JP Morgan | $70 → $64 | Maintains | Underweight |
| 05/07/2020 | -3.41% | Wells Fargo | $86 → $57 | Maintains | Equal-Weight |
| 03/03/2020 | 25.4% | Mizuho | $83 → $74 | Upgrades | Underperform → Neutral |
| 01/08/2020 | — | Guggenheim | Upgrades | Neutral → Buy | |
| 02/11/2019 | — | Mizuho | Downgrades | Neutral → Underperform | |
| 09/17/2018 | 30.49% | Wells Fargo | $76 → $77 | Maintains | Market Perform |
What is the target price for ALLETE (ALE)?
The latest price target for ALLETE (NYSE: ALE) was reported by Mizuho on July 21, 2023. The analyst firm set a price target for $58.00 expecting ALE to fall to within 12 months (a possible -1.71% downside). 15 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for ALLETE (ALE)?
The latest analyst rating for ALLETE (NYSE: ALE) was provided by Mizuho, and ALLETE maintained their neutral rating.
When is the next analyst rating going to be posted or updated for ALLETE (ALE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ALLETE, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for ALLETE was filed on July 21, 2023 so you should expect the next rating to be made available sometime around July 21, 2024.
Is the Analyst Rating ALLETE (ALE) correct?
While ratings are subjective and will change, the latest ALLETE (ALE) rating was a maintained with a price target of $64.00 to $58.00. The current price ALLETE (ALE) is trading at is $59.01, which is out of the analyst's predicted range.
