Goldman Sachs analyst Carly Davenport maintains $Xcel Energy (XEL.US)$ with a buy rating, and adjusts the target price from $74 to $78.
According to TipRanks data, the analyst has a success rate of 72.0% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Xcel Energy (XEL.US)$'s main analysts recently are as follows:
Xcel Energy's enhanced guidance on earnings per share compound annual growth, coupled with progress in wildfire mitigation and risk reduction, present a promising outlook. Additionally, the company's appealing risk-adjusted rate base growth, acceleration of load growth, and a robust balance sheet were noted.
Xcel Energy's shares have outperformed following their Q3 results, which included a constructive update on the long-term outlook. This performance supports the view that Xcel offers a unique and attractive entry point for investors.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
