What is FTS stock price target for 2026?

WallStSmart's 12-month price target for Fortis Inc is $55.16, representing 1.9% downside from the current price of $56.24.

What is FTS stock forecast?

Fortis Inc 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.

Is FTS undervalued based on price targets?

Our DCF intrinsic value for Fortis Inc is $64.78, against a current price of $56.24. The margin of safety is 15.87%.

FTS

Fortis Inc

NYSE: FTS · UTILITIES · UTILITIES - REGULATED ELECTRIC

$56.24

-0.46% today

Updated 2026-04-29

Market cap

$28.63B

P/E ratio

22.50

P/S ratio

2.35x

EPS (TTM)

$2.50

Dividend yield

4.40%

52W range

$44 – $59

Volume

0.8M

Market cap

$28.63B

P/E ratio

22.50

P/S ratio

2.35x

EPS (TTM)

$2.50

Dividend yield

4.40%

52W range

$44 – $59

Volume

0.8M

Fortis Inc (FTS) Financial Forecast & Price Target 2030

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

Price target summary

Current

$56.24

Consensus

$68.00

+20.91%

2030 Target

$403.35

+617.19%

DCF

$64.78

+15.87% MoS

Current price

$56.24

Analyst consensus

$68.00

+20.91%

2030 Target

$403.35

+617.19%

Intrinsic (DCF)

$64.78

+15.87% MoS

17 analysts:

1 Buy1 Hold5 Sell

Management guidance

No specific CEO revenue targets identified in available documents. Management announced a new Five-Year Capital Outlook in Q3 2025 and a 4% increase in Q4 dividend, indicating confidence in earnings growth trajectory. ITC subsidiary driving above-average growth with step-up in capital investment.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$670.36

$17.0B Rev × 20x P/S

Base case (2030)

$403.35

$17.0B Rev × 12x P/S

Bear case (2030)

$267.01

$17.0B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$11.5B	$11.5B	$12.2B	$13.5B	$14.2B	$15.1B	$16.0B	$17.0B
Revenue growth	—	-0.1%	5.8%	11.1%	5.3%	6.0%	6.2%	6.2%
EPS	$3.09	$2.79	$2.80	$3.67	$3.90	$4.15	$4.40	$4.68
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$318.14	$335.18	$357.90	$374.95	$403.35

Catalysts & risks

Growth catalysts

+ ITC subsidiary above-average growth driving revenue step-up

+ Continued grid modernization and capital expenditure deployment

+ Regulated utility rate base expansion across US and Canadian operations

+ Clean energy infrastructure investment acceleration

+ Dividend growth trajectory supporting investor returns

Key risks

- High debt-to-equity ratio of 1.43 limiting financial flexibility

- Regulatory headwinds impacting rate recovery timelines

- Interest rate sensitivity affecting cost of capital for utility investments

- Integration execution risk on major acquisitions

- Modest long-term operating profit growth averaging 6.25% historically

Methodology

Fortis Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 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.