What is PPL stock price target for 2026?

WallStSmart's 12-month price target for PPL Corporation is $37.34, representing 3.4% downside from the current price of $38.66.

What is PPL stock forecast?

PPL 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.

Is PPL undervalued based on price targets?

Our DCF intrinsic value for PPL Corporation is $28.94, against a current price of $38.66. The margin of safety is -24.40%.

PPL

PPL Corporation

NYSE: PPL · UTILITIES · UTILITIES - REGULATED ELECTRIC

$38.66

-0.85% today

Updated 2026-04-29

Market cap

$29.08B

P/E ratio

24.31

P/S ratio

3.22x

EPS (TTM)

$1.59

Dividend yield

2.80%

52W range

$32 – $40

Volume

8.5M

Market cap

$29.08B

P/E ratio

24.31

P/S ratio

3.22x

EPS (TTM)

$1.59

Dividend yield

2.80%

52W range

$32 – $40

Volume

8.5M

PPL Corporation (PPL) Financial Forecast & Price Target 2030

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

Price target summary

Current

$38.66

Consensus

$40.00

+3.47%

2030 Target

$193.20

+399.74%

DCF

$28.94

-24.40% MoS

Current price

$38.66

Analyst consensus

$40.00

+3.47%

2030 Target

$193.20

+399.74%

Intrinsic (DCF)

$28.94

-24.40% MoS

12 analysts:

6 Buy5 Hold0 Sell

Management guidance

PPL announced a $23B capital plan through 2029 with extended EPS growth targets. Management guided for continued mid-to-high single-digit revenue growth driven by regulated utility rate base expansion, transmission infrastructure investments, and data center power demand in PJM region. Specific revenue targets for 2026-2030 were not explicitly stated in available guidance.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$324.58

$12.2B Rev × 20x P/S

Base case (2030)

$193.20

$12.2B Rev × 12x P/S

Bear case (2030)

$131.38

$12.2B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$8.3B	$8.5B	$9.0B	$9.6B	$10.2B	$10.8B	$11.5B	$12.2B
Revenue growth	—	1.8%	6.9%	6.6%	6.0%	6.0%	6.0%	6.0%
EPS	$1.60	$1.68	$1.77	$1.96	$2.14	$2.31	$2.50	$2.70
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$154.56	$162.29	$173.88	$181.61	$193.20

Catalysts & risks

Growth catalysts

+ PPL Electric Utilities distribution rate increase (first since 2016) providing regulated revenue lift

+ Data center power demand acceleration in PJM region with Trump-Shapiro power auction initiative

+ $23B capital deployment plan (2026-2029) driving rate base growth and transmission revenue

+ Continued EPS growth guidance extension through 2029 suggesting sustained earnings momentum

+ Rhode Island Energy rate optimization and regulated utility margin expansion

Key risks

- Regulatory approval delays on rate increase requests or unfavorable rate decisions

- Data center demand growth not materializing at projected levels

- Rising capital costs and labor inflation impacting $23B capex plan execution

- Interest rate environment affecting cost of debt financing for infrastructure

- Potential margin compression if inflation outpaces allowed rate recovery

Methodology

PPL Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 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.