IDACORP, Inc. (IDA) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 13 analysts1.3% Above Target
IDA trades 1.3% above Wall Street's consensus target of $149.17.
Current Price$151.09
Average Target$149.17
Target
Current
Low$121.00
Median$154.00
High$167.00
Analyst Target Range
Forward P/E23.7x
(Fair)
PEG Ratio5.04
(Expensive)
Implied Growth+8.4%
(Low)
Analyst Spread30.8%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes IDA achieves its forward estimates and maintains a stable P/E multiple of 23.7x. This scenario reflects the blended consensus of 13 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
IDA Price Target Analysis
Updated July 7, 2026As of July 7, 2026, IDACORP, Inc. (IDA) has a Wall Street consensus price target of $149.17, based on estimates from 13 covering analysts. With the stock currently trading at $151.09, this represents a potential downside of -1.3%. The company has a market capitalization of $8.37B.
Analyst price targets range from a low of $121.00 to a high of $167.00, representing a 31% spread in expectations. The median target of $154.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, IDA trades at a trailing P/E of 25.6x and forward P/E of 23.7x. The forward PEG ratio of 5.04 reflects a premium valuation. Analysts expect EPS to grow +8.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $139.84, with bear and bull scenarios of $88.10 and $184.26 respectively. Model confidence stands at 49/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Utilities stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
-7.3%
Industry Consensus
Avg Forward P/E
18.5x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PORPortland General Electric Company | $6.0B | $52.00 | $54.75 | +5.3% | Hold | 15.3x | 23 |
 AVAAvista Corporation | $3.4B | $40.66 | $39.00 | -4.1% | Hold | 15.6x | 15 |
 NWENorthwestern Energy Group Inc | $4.3B | $69.69 | $66.33 | -4.8% | Hold | 18.7x | 18 |
 OTTROtter Tail Corporation | $3.8B | $90.49 | $81.00 | -10.5% | Hold | 15.9x | 7 |
 NWPXNWPX Infrastructure, Inc. | $1.4B | $143.18 | $60.00 | -58.1% | Hold | 28.8x | 6 |
 BKHBlack Hills Corporation | $5.5B | $72.16 | $84.50 | +17.1% | Buy | 16.6x | 15 |
 HEHawaiian Electric Industries, Inc. | $2.3B | $13.42 | $12.75 | -5.0% | Hold | 14.4x | 13 |
 PNWPinnacle West Capital Corporation | $13.0B | $106.91 | $104.29 | -2.5% | Hold | 22.5x | 25 |
 EVRGEvergy, Inc. | $19.9B | $86.27 | $90.14 | +4.5% | Hold | 20.3x | 18 |
 ALEALLETE, Inc. | $3.9B | $67.90 | $58.00 | -14.6% | Hold | 16.6x | 16 |
IDA — Frequently Asked Questions
Quick answers to the most common questions about buying IDA stock.
What is the IDA stock price target for 2026?
Wall Street's consensus price target for IDA is $149.17, -1.3% from its current price of $151.09. The below-market target from 13 analysts suggests limited near-term appreciation.
Is IDA a buy, sell, or hold?
IDA has a consensus rating of "Buy" based on 13 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $149.17 implies -1.3% downside from current levels.
Is IDA stock overvalued or undervalued?
IDA trades at a forward P/E of 23.6555x, representing a moderate valuation. With analysts targeting $149.17 (-1.3% implied move), the stock appears close to fair value.
How high can IDA stock go?
The most bullish Wall Street analyst has a price target of $167 for IDA, while the most conservative target is $121. The consensus of $149.17 represents the median expectation. Our quantitative valuation model projects a bull case target of $184 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover IDA stock?
IDA is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 3 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the IDA stock forecast?
The 12-month IDA stock forecast based on 13 Wall Street analysts shows a consensus price target of $149.17, with estimates ranging from $121 (bear case) to $167 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $140, with bear/bull scenarios of $88/$184.
What is IDA's fair value based on fundamentals?
Our quantitative valuation model calculates IDA's fair value at $140 (base case), with a bear case of $88 and bull case of $184. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 49/100.
What is IDA's forward P/E ratio?
IDA trades at a forward P/E ratio of 23.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 25.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy IDA stock?
Analysts are cautious on IDA, with 2 Sell ratings and a price target of $149.17 (-1.3% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do IDA price targets vary so much?
IDA analyst price targets range from $121 to $167, a 31% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $149.17 consensus represents the middle ground. Our model's $88-$184 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare