ALE - Allete - Stock Forecast

Utilities - Sector
Coverage Stock analysts Price Targets & Ratings Chart Insider Trading

ALE is currently covered by 6 analysts with an average price target of $72.41. This is a potential upside of $6.96 (10.63%) from yesterday's end of day stock price of $65.45.

Allete's activity chart (see below) currently has 57 price targets and 46 ratings on display. The stock rating distribution of ALE is 16.67% SELL and 83.33% HOLD.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 75.27% with an average time for these price targets to be met of 425.43 days.

Highest price target for ALE is $67, Lowest price target is $67, average price target is $60.25.

Most recent stock forecast was given by ANTHONY CROWDELL from MIZUHO on 16-May-2024. First documented stock forecast 17-Mar-2014.

Currently out of the existing stock ratings of ALE, 2 are a SELL (16.67%), 10 are a HOLD (83.33%).

Analyst name

Rating

Current price target

Potential Upside

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Hold

$67

$1.55 (2.37%)

$58

11 months 25 days ago
(16-May-2024)

3/4 (75%)

$5.38 (8.73%)

502

Hold

$59

$-6.45 (-9.85%)

$57

1 years 2 months 20 days ago
(20-Feb-2024)

4/5 (80%)

$3.72 (6.73%)

199

Hold

$58

$-7.45 (-11.38%)

$49

1 years 3 months 19 days ago
(21-Jan-2024)

5/6 (83.33%)

$1.31 (2.31%)

127

Hold

$57

$-8.45 (-12.91%)

$54

1 years 4 months 21 days ago
(19-Dec-2023)

11/14 (78.57%)

$-0.87 (-1.50%)

220

Hold

$66

$0.55 (0.84%)

$65

2 years 16 days ago
(25-Apr-2023)

1/2 (50%)

$7.5 (12.82%)

739

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What is ALE (Allete) average time for price targets to be met?

On average it took 425.43 days on average for the stock forecasts to be realized with a an average price target met ratio 75.27

Which analyst has the current highest performing score on ALE (Allete) with a proven track record?

JAMES DOBSON

Which analyst has the current lower performing score on ALE (Allete) with a proven track record?

RICHARD SUNDERLAND

Which analyst has the most public recommendations on ALE (Allete)?

James Dobson works at UBS and has 3 price targets and 2 ratings on ALE

Which analyst is the currently most bullish on ALE (Allete)?

James Dobson with highest potential upside - $2.2

Which analyst is the currently most reserved on ALE (Allete)?

Paul Fremont with lowest potential downside - -$8.45

Allete in the News

Allete: Q1 Earnings Snapshot

DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Thursday reported first-quarter earnings of $56.1 million. The Duluth, Minnesota-based company said it had net income of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.01 per share. The power company owner posted revenue of $400.2 million in the period....

ALLETE, Inc. Reports First Quarter 2025 Earnings

DULUTH, Minn., May 08, 2025–(BUSINESS WIRE)–ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year’s first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4...

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