Public Service Enterprise Group Incorporated (PEG) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 33 analysts8.1% Below Target
PEG trades 8.1% below Wall Street's consensus target of $88.38.
Current Price$81.79
Average Target$88.38
Target
Current
Low$81.00
Median$89.50
High$94.00
Analyst Target Range
Forward P/E18.7x
(Fair)
PEG Ratio8.16
(Expensive)
Implied Growth-3.2%
(Declining)
Analyst Spread14.7%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes PEG achieves its forward estimates and maintains a stable P/E multiple of 18.7x. This scenario reflects the blended consensus of 33 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
PEG Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Public Service Enterprise Group Incorporated (PEG) has a Wall Street consensus price target of $88.38, based on estimates from 33 covering analysts. With the stock currently trading at $81.79, this represents a potential upside of +8.1%. The company has a market capitalization of $40.79B.
Analyst price targets range from a low of $81.00 to a high of $94.00, representing a 15% spread in expectations. The median target of $89.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, PEG trades at a trailing P/E of 19.4x and forward P/E of 18.7x. The forward PEG ratio of 8.16 reflects a premium valuation. Analysts expect EPS to grow -3.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $94.44, with bear and bull scenarios of $59.50 and $124.44 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
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
+3.3%
Industry Consensus
Avg Forward P/E
18.2x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EDConsolidated Edison, Inc. | $41.6B | $112.99 | $107.75 | -4.6% | Hold | 18.5x | 27 |
 EIXEdison International | $29.1B | $75.74 | $74.17 | -2.1% | Buy | 12.4x | 37 |
 PPLPPL Corporation | $27.4B | $36.39 | $41.25 | +13.4% | Buy | 18.6x | 29 |
 FEFirstEnergy Corp. | $28.0B | $48.39 | $52.13 | +7.7% | Hold | 17.7x | 28 |
 ESEversource Energy | $28.1B | $74.75 | $75.14 | +0.5% | Hold | 16.0x | 29 |
 DTEDTE Energy Company | $32.0B | $153.84 | $159.86 | +3.9% | Hold | 19.9x | 46 |
 AEEAmeren Corporation | $31.7B | $114.43 | $120.89 | +5.6% | Buy | 21.3x | 23 |
 EXCExelon Corporation | $48.7B | $47.57 | $48.91 | +2.8% | Hold | 16.7x | 37 |
 DDominion Energy, Inc. | $61.4B | $69.84 | $70.43 | +0.8% | Hold | 19.5x | 32 |
 SOThe Southern Company | $109.7B | $97.29 | $102.00 | +4.8% | Hold | 21.3x | 34 |
PEG — Frequently Asked Questions
Quick answers to the most common questions about buying PEG stock.
What is the PEG stock price target for 2026?
The consensus price target for PEG is $88.38, close to the current price of $81.79 (8.1% implied move). Based on 33 analyst estimates, the stock appears fairly valued near current levels.
Is PEG a buy, sell, or hold?
PEG has a consensus rating of "Buy" based on 33 Wall Street analysts. The rating breakdown is mixed, with 16 Hold ratings making up the largest segment. The consensus 12-month price target of $88.38 implies 8.1% upside from current levels.
Is PEG stock overvalued or undervalued?
With a forward P/E of 18.6701x, PEG trades at a relatively low valuation. The consensus target of $88.38 implies 8.1% appreciation, suggesting the market may be pricing in risks.
How high can PEG stock go?
The most bullish Wall Street analyst has a price target of $94 for PEG, while the most conservative target is $81. The consensus of $88.38 represents the median expectation. Our quantitative valuation model projects a bull case target of $124 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover PEG stock?
PEG is heavily covered by Wall Street, with 33 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 16 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PEG stock forecast?
The 12-month PEG stock forecast based on 33 Wall Street analysts shows a consensus price target of $88.38, with estimates ranging from $81 (bear case) to $94 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $94, with bear/bull scenarios of $60/$124.
What is PEG's fair value based on fundamentals?
Our quantitative valuation model calculates PEG's fair value at $94 (base case), with a bear case of $60 and bull case of $124. 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 51/100.
What is PEG's forward P/E ratio?
PEG trades at a forward P/E ratio of 18.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 19.4x. 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 PEG stock?
PEG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $88.38 target. Consider your investment thesis and risk tolerance. 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 PEG price targets vary so much?
PEG analyst price targets range from $81 to $94, a 15% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $88.38 consensus represents the middle ground. Our model's $60-$124 range provides an independent fundamental perspective.
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