Based on 3 Wall Street analysts offering 12 month price targets for Allete in the last 3 months. The average price target is $55.00 with a high forecast of $58.00 and a low forecast of $49.00. The average price target represents a 2.10% change from the last price of $53.87.

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style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":64.06,"date":1680825600000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":61.18,"date":1683244800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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Highest Price Target$58.00

Average Price Target$55.00

Lowest Price Target$49.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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J.P. Morgan

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Reiterated

2023-09-05

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Mizuho Securities

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Reiterated

2023-08-09

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Guggenheim

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Reiterated

2023-07-07

Julien Dumoulin Smith

Bank of America Securities

$54.00

Sell

0.24%

Upside

Downgraded

2023-06-27

Allete downgraded to Underperform from Neutral at BofAAllete downgraded to Underperform from Neutral at BofA

Brian Russo

Sidoti

$74.00

Buy

37.37%

Upside

Upgraded

2023-04-06

Allete upgraded to Buy from Neutral at SidotiAllete upgraded to Buy from Neutral at Sidoti

Sarah Akers

Wells Fargo

$65.00

Hold

20.66%

Upside

Reiterated

2023-01-30

Allete (ALE) PT Lowered to $65 at Wells FargoWells Fargo analyst Sarah Akers lowered the price target on Allete (NYSE: ALE) to $65.00 (from $67.00) while maintaining a Equal Weight rating.

Paul Fremont

Ladenburg Thalmann & Co.

$66.00

Hold

22.52%

Upside

Reiterated

2023-01-09

Allete (ALE) PT Raised to $66 at Mizuho SecuritiesMizuho Securities analyst Paul Fremont raised the price target on Allete (NYSE: ALE) to $66.00 (from $65.00) while maintaining a Neutral rating.

Best Analysts Covering Allete

Which Analyst Should I Follow If I Want to Buy ALE and Sell After:

1 Month

Julien Dumoulin SmithBank of America Securities

Success Rate

3/3 ratings generated profit

Average Return

+4.40%

downgraded a sell rating 3 months ago

Copying Julien Dumoulin Smith's trades and holding each position for 1 Month would result in 100.00% of your transactions generating a profit, with an average return of +4.40% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Julien Dumoulin SmithBank of America Securities

Success Rate

2/3 ratings generated profit

Average Return

+0.10%

downgraded a sell rating 3 months ago

Copying Julien Dumoulin Smith's trades and holding each position for 3 Months would result in 66.67% of your transactions generating a profit, with an average return of +0.10% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

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1 Year

Julien Dumoulin SmithBank of America Securities

Success Rate

3/3 ratings generated profit

Average Return

+2.03%

downgraded a sell rating 3 months ago

Copying Julien Dumoulin Smith's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +2.03% per trade.

2 Years

Julien Dumoulin SmithBank of America Securities

Success Rate

3/3 ratings generated profit

Average Return

+2.03%

downgraded a sell rating 3 months ago

Copying Julien Dumoulin Smith's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +2.03% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

Stocks with the Highest Top Analyst Consensus in the Utilities Sector

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Find stocks in the Utilities sector that are highly recommended by Top Performing Analysts.

ALE Financial Forecast

ALE Earnings Forecast

Next quarter’s earnings estimate for ALE is $0.67 with a range of $0.61 to $0.79. The previous quarter’s EPS was $0.90. ALE beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 55.56% of the time in the same period. In the last calendar year ALE has Underperformed its overall industry.

ALE Sales Forecast

Next quarter’s sales forecast for ALE is $453.04M with a range of $394.72M to $564.90M. The previous quarter’s sales results were $533.40M. ALE beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.52% of the time in the same period. In the last calendar year ALE has Outperformed its overall industry.

ALE Analyst Recommendation Trends

In the current month, ALE has received 0 Buy ratings 1 Hold ratings, and 0 Sell ratings. The ALE average analyst price target in the past 3 months is $55.00

ALE Stock Forecast FAQ

What is ALE’s average 12-month price target, according to analysts?

Based on analyst ratings, Allete Inc’s 12-month average price target is $55.00.

What is ALE’s upside potential, based on the analysts’ average price target?

Allete Inc has 2.10% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is ALE a Buy, Sell or Hold?

Allete Inc has a conensus rating of Moderate Sell which is based on 0 buy ratings, 2 hold ratings and 1 sell ratings.

What is Allete Inc’s price target?

The average price target for Allete Inc is $55.00. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $58.00 ,the lowest forecast is $49.00. The average price target represents 2.10% Increase from the current price of $53.87.

What do analysts say about Allete Inc?

Allete Inc’s analyst rating consensus is a Moderate Sell. This is based on the ratings of 3 Wall Streets Analysts.

How can I buy shares of ALE?

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Allete (ALE) Stock Forecast & Price Target

ALE Analyst Ratings

ALE Stock 12 Months Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Allete

ALE Financial Forecast

ALE Earnings Forecast

ALE Sales Forecast

ALE Analyst Recommendation Trends

ALE Stock Forecast FAQ

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Detailed List of Analyst Forecasts