What is ATO stock price target for 2026?

WallStSmart's 12-month price target for Atmos Energy Corporation is $181.71, representing 2.2% downside from the current price of $185.71.

What is ATO stock forecast?

Atmos Energy Corporation forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

ATO

Atmos Energy Corporation

NYSE: ATO · UTILITIES · UTILITIES - REGULATED GAS

$185.71

-0.76% today

Updated 2026-04-29

Market cap

$30.72B

P/E ratio

24.21

P/S ratio

6.31x

EPS (TTM)

$7.67

Dividend yield

1.93%

52W range

$147 – $193

Volume

1.0M

Market cap

$30.72B

P/E ratio

24.21

P/S ratio

6.31x

EPS (TTM)

$7.67

Dividend yield

1.93%

52W range

$147 – $193

Volume

1.0M

Atmos Energy Corporation (ATO) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$185.71

Consensus

$173.63

-6.50%

2030 Target

$604.70

+225.62%

DCF

—

Current price

$185.71

Analyst consensus

$173.63

-6.50%

2030 Target

$604.70

+225.62%

Intrinsic (DCF)

—

8 analysts:

1 Buy7 Hold0 Sell

Management guidance

Atmos Energy affirmed fiscal 2026 guidance in February 2026 earnings call but specific revenue targets beyond FY2026 were not disclosed in available materials. The company projects continued growth driven by rising natural gas demand, approved rate increases, and systematic capital investments in infrastructure modernization across its regulated distribution and pipeline segments.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,001.54

$8.3B Rev × 20x P/S

Base case (2030)

$604.70

$8.3B Rev × 12x P/S

Bear case (2030)

$396.84

$8.3B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$4.3B	$4.2B	$4.7B	$5.4B	$6.1B	$6.8B	$7.5B	$8.3B
Revenue growth	—	-2.6%	12.9%	15.7%	11.4%	11.4%	10.8%	10.4%
EPS	$6.13	$6.84	$2.44	$8.33	$8.90	$9.45	$10.05	$10.70
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$396.84	$434.63	$491.32	$548.01	$604.70

Catalysts & risks

Growth catalysts

+ Infrastructure modernization capital spending ($15B+ multi-year capex program)

+ Rate case approvals in high-growth states (Texas, Mississippi, Colorado expansion)

+ Rising natural gas demand from industrial and residential growth

+ Dividend aristocrat status with 42+ consecutive years of increases

+ Customer base expansion in regulated service territories

Key risks

- Pipeline safety incidents and litigation (Lake Dallas explosion lawsuit pending)

- Regulatory pressure on rate increases and capital project approvals

- Interest rate sensitivity affecting refinancing costs on $40.3B enterprise value

- Energy transition and potential long-term natural gas demand decline

- Operational risks from aging infrastructure despite modernization efforts

Methodology

Atmos Energy Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.