Pinnacle West Capital Corporation

PNWNYSEUtilitiesUtilities - Regulated Electric

$103.42- (-)1Y +9.05%

As of Oct 16, 2026 close

Market cap: $12.65B
P/E (TTM): 19.76
Forward P/E: 17.57
Dividend yield: 3.58%
52-week range: $86.18$111.16
Volume (live): -
Avg. volume (3M): 1.21M

Pinnacle West Capital Corporation (PNW) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Pinnacle West Capital Corporation stock.

Analyst Consensus Rating

Investment consensus from 10 professional research analysts

Consensus Rating

Hold

Based on 10 unique analysts

High Confidence∞:1 Buy/Sell

Average Price Target

$101.75

−1.61% downside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest PNW Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 9, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Oct 8, 2026	Ryan Levine	Citi	Maintains	Hold	$109.00
Oct 5, 2026	Richard Sunderland	Truist	Maintains	Hold	$101.00 → $99.00 −2.00 (−2.0%)
Oct 5, 2026	Julien Dumoulin Smith	Jefferies	Maintains	Buy	$129.00 → $109.00 −20.00 (−15.5%)
Oct 1, 2026	Nicholas Campanella	Barclays	Maintains	Hold	$108.00 → $94.00 −14.00 (−13.0%)
Sep 29, 2026	Unknown Analyst	Scotiabank	Initiates	Buy	$104.00
Sep 21, 2026	David Arcaro	Morgan Stanley	Reiterates	Hold	$94.00 → $89.00 −5.00 (−5.3%)
Sep 4, 2026	Avisekh Bhattacharjee	Zacks Equity Research	Initiates Coverage	Buy	-
Aug 5, 2026	James Thalacker	BMO Capital	Maintains	Hold	$104.00
Aug 5, 2026	Shahriar Pourreza	Wells Fargo	Maintains	Hold	$106.00

Zacks Equity Research

HoldInitiates Coverage

Oct 9

Ryan Levine

Citi

HoldMaintains

$109.00

Oct 8

Richard Sunderland

Truist

HoldMaintains

$101.00 → $99.00

Oct 5

Julien Dumoulin Smith

Jefferies

BuyMaintains

$129.00 → $109.00

Oct 5

Nicholas Campanella

Barclays

HoldMaintains

$108.00 → $94.00

Oct 1

Unknown Analyst

Scotiabank

BuyInitiates

$104.00

Sep 29

David Arcaro

Morgan Stanley

HoldReiterates

$94.00 → $89.00

Sep 21

Avisekh Bhattacharjee

Zacks Equity Research

BuyInitiates Coverage

Sep 4

James Thalacker

BMO Capital

HoldMaintains

$104.00

Aug 5

Shahriar Pourreza

Wells Fargo

HoldMaintains

$106.00

Aug 5

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 9, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for PNW?

The analyst consensus rating for PNW is Hold, based on the latest ratings from 10 analysts over the last 90 days.

What is the average price target for PNW?

The average 12-month price target for PNW is $101.75, representing a downside of 1.6% from the Oct 16, 2026 close of $103.42.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.