B+
Bull case
20%
Probability
Target price
$114.06
+26.0% vs current
Analyst consensus is neutral with median targets near the current price, implying limited implied upside; market focus remains on rate-case outcomes and financing risks [#SERP-1][#SERP-3].
No evidence quality warning is currently attached to this memo.
Q1 results and guidance that can drive near-term volatility; model uses as_of_date+90 for timing [#SERP-3].
PSC rulings materially affect revenue and cash flow; timing varies by state and is modeled conservatively [#SERP-4].
Sustained rate or credit-spread widening could compress multiples and raise financing costs over a 12-month horizon [#SERP-6].
No formal recommendation provided.