Key Highlights

● XEL closed at $73.78 on 9 October 2026.

● The second data set consensus target is $90.61 from 19 analysts.

● Targets range from $74 to $101.

● Scotiabank initiated coverage on 29 September with a $77 target.

Xcel Energy (NASDAQ:XEL), a constituent of both the S&P 500 and the Nasdaq-100, finished Friday 9 October 2026 at $73.78. Analyst targets sit well above that level. Recent broker revisions have mostly been downward.

What Is the Latest Analyst Price Target?

The second data set showed a mean price target of $90.61 and a median of $92 from 19 analysts, with a high of $101 and a low of $74. Market data reported a slightly higher consensus of $91.65 from 17 analysts, with a range of $77 to $102.

The ten recent named broker targets on market data average roughly $91, close to both figures, so neither looks distorted. Even the lowest target on the second data set, at $74, sits only marginally above the current price.

What Are Wall Street Analysts Saying?

Sentiment is strongly positive. Market data counted 3 Strong Buy, 13 Buy and 1 Hold with no Sell ratings. The second data set showed 13 Strong Buy, 4 Buy and 2 Hold in September, also with no Sell.

The newest actions are more mixed on targets. Scotiabank initiated coverage on 29 September with a $77 target, the most cautious on the street. Morgan Stanley lowered its target from $89 to $83 on 18 September with an Equal Weight rating. Truist cut from $94 to $88 in August. Market data records JPMorgan raising its target from $91 to $102 in July, while the second data set shows the firm moving from $102 to $97 on 20 August, so the broker's current target is uncertain. BTIG reiterated Buy with a $99 target, Jefferies set a $101 target and Mizuho set $92 in July.

What Could Help the Stock Reach the Price Target?

A wide gap between the share price and most targets implies that analysts expect value to emerge as earnings grow. Market data cites quarterly earnings per share of $0.93 against an estimate of $0.79. Growth in electricity demand from data centres and electrification, approved rate increases and capital investment in the grid could lift earnings. Lower interest rates would also tend to help utility valuations.

What Could Prevent the Stock Reaching the Target?

Utilities are sensitive to bond yields, and rising rates can compress valuations. Regulatory decisions on rates, wildfire and storm liability, higher financing costs, and delays or cost overruns on infrastructure projects are further risks. Market data also mentions a pending sale of Michigan gas and electric operations, which could change the company's profile. Several brokers have lowered targets since July, indicating some caution.

What Should Investors Watch Next?

Investors may wish to watch whether more brokers follow Morgan Stanley and Truist in trimming targets, how Scotiabank's initiation influences sentiment and how interest rates and regulatory outcomes develop.

How Analysts See Xcel Energy After the Latest Close

Xcel Energy closed at $73.78 on 9 October 2026, against a second data set consensus target of $90.61. Scotiabank initiated coverage on 29 September with a $77 target, the most cautious on the street.