Duke Energy

DUK · NYSE

$121.33+$2.06 (+1.73%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $119.27

DUK analyst rating

BuyConsensus of 12 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy6
Hold6
Underperform0
Sell0

12-month price target · 21 analysts

Average $137.64 (+13.4% upside)

Low: $116.15
Now: $121.33
High: $154.35

Upgrades and downgrades

The latest rating actions, newest first

DUK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 13, 2026	Maintains	Neutral	$137.00 → $130.00	57%
Keybanc	Oct 13, 2026	Maintains	Overweight	$139.00 → $128.00	53%
Truist Securities	Oct 12, 2026	Maintains	Buy	$135.00 → $130.00	42%
Barclays	Oct 9, 2026	Maintains	Overweight	$132.00 → $124.00	51%
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$133.00 → $127.00	58%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$138.00 → $133.00	58%
Truist Securities	Aug 17, 2026	Maintains	Buy	$138.00 → $135.00	42%
BMO Capital	Aug 5, 2026	Maintains	Outperform	$134.00 → $132.00	59%
Barclays	Aug 5, 2026	Maintains	Overweight	$140.00 → $132.00	51%
Keybanc	Jul 23, 2026	Upgrade	Sector Weight → Overweight	$139.00	25%

The case for and against

Updated Mar 20, 2026

Bull case

Duke Energy is positioned for strong financial performance, with anticipated capital expenditures (capex) increases following the updated Carolinas Resource Plan, suggesting enhanced infrastructure investment that could drive future growth. Additionally, the company is expected to achieve above 6.5% average annual earnings per share (EPS) growth, which reflects a stable growth trajectory aligned with management's strategic outlook. The supportive population growth of approximately 2% in key regions, such as the Carolinas, Florida, and Indiana, further underpins the company's long-term customer base expansion and revenue potential.

Bear case

Duke Energy's dividend growth is stagnating at approximately 2% per year, significantly lagging behind its peers, which average around 5.5%. This slower growth rate raises concerns about the company's ability to attract investment in a highly competitive utility sector. Additionally, the broader market environment indicates that defensive positioning, which typically benefits utility stocks, may not provide the same level of support, suggesting potential challenges ahead for Duke Energy's financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.