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Southern (SO) Stock Forecast & Price Target

$78.69
-1.09 (-1.37%)
(As of 05/22/2024 ET)

Southern - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Consensus Price Target

$75.73
-3.76% Downside
High Forecast$90.00
Average Forecast$75.73
Low Forecast$66.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
8 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$75.73$74.36$73.46$73.07
Forecasted Upside-3.76% Downside6.36% Upside6.74% Upside3.84% Upside
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SO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Southern Stock vs. The Competition

TypeSouthernUtilities CompaniesS&P 500
Consensus Rating Score
2.57
2.45
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside-3.76% Downside61.35% Upside8.71% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/15/2024Argus
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 Boost TargetBuy ➝ Buy$75.00 ➝ $90.00+13.42%
5/3/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$72.00 ➝ $77.00+1.52%
4/23/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $73.00-0.64%
4/22/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $77.00+5.84%
4/15/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$65.00 ➝ $66.00-3.97%
4/4/2024UBS Group
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 DowngradeBuy ➝ Neutral$78.00 ➝ $76.00+7.07%
4/2/2024Mizuho
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 Boost TargetBuy ➝ Buy$73.00 ➝ $76.00+6.89%
4/1/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$72.00 ➝ $76.00+7.44%
2/21/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$80.00+18.82%
12/8/2023Citigroup
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 Initiated CoverageBuy$82.00+14.45%
11/29/2023JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$69.00 ➝ $72.00+2.81%
11/21/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$66.00 ➝ $67.00-3.17%
10/9/2023Guggenheim
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 Lower Target$80.00 ➝ $72.00+10.24%
8/9/2023LADENBURG THALM/SH SH
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 Initiated CoverageBuy$72.00+4.64%
7/3/2023The Goldman Sachs Group
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 UpgradeBuy ➝ Conviction-Buy
4/28/2023VNET Group
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 Reiterated RatingMaintains
1/18/2023Credit Suisse Group
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 Boost TargetUnderperform$60.00 ➝ $70.00-0.07%
12/12/2022Wolfe Research
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 UpgradePeer Perform ➝ Outperform$76.00+11.18%
10/24/2022Bank Of America (Bofa)
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 DowngradeUnderperform
10/20/2022KeyCorp
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 UpgradeSector Weight ➝ Overweight$70.00+8.21%
6/30/2022Seaport Res Ptn
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A. Storozynski
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:48 AM ET.

SO Frequently Asked Questions

What is Southern's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Southern is $75.73, with a high forecast of $90.00 and a low forecast of $66.00. The consensus rating for Southern stock is Moderate Buy based on the current 1 sell rating, 5 hold ratings, 7 buy ratings and 1 strong buy rating for SO. Learn more on SO's analyst rating history.

Do Wall Street analysts like Southern more than its competitors?

Analysts like Southern more than other "utilities" companies. The consensus rating for Southern is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how SO compares to other companies.

Is Southern being downgraded by Wall Street analysts?

Over the previous 90 days, Southern's stock had 1 downgrade by analysts.

Does Southern's stock price have much upside?

According to analysts, Southern's stock has a predicted upside of 6.27% based on their 12-month stock forecasts.

What analysts cover Southern?

Southern has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Mizuho, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.


Stock Forecasts and Research Tools

This page (NYSE:SO) was last updated on 5/23/2024 by MarketBeat.com Staff

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