ALLETE, Inc.
ALLETE, Inc. (ALE) Stock Forecast & Analyst Price Target
Wall Street consensus, 12-month price targets, model projections, and EPS/revenue estimates — from analyst data and price history.
ale · stock forecast · 16 analysts (3M) · FMP · updated Jan 31, 2026
Analyst Rating & Consensus
Based on 16 Wall Street analysts in the past 3 months
Hold
16 analysts
consensus
Rating Breakdown
12-Month Price Target
High
$58.00
Consensus
$58.00
-14.6% upside
Low
$58.00
Median: $58 · Last Close: $67.90
12-Month Price Target Forecast
Historical closing prices + analyst 12-month price target forecast cone
Short-Term Price Prediction
RangingAlgorithmically generated · Updated daily
| Date | Predicted Price | Change |
|---|---|---|
| 2026-06-09 | $67.89 | ↓ 0.01% |
1-day model range: $67.88–$67.91. Peak: $67.91 (-0.01%).
Long-Term Stock Price Prediction
Annual stock price forecast · 2027 / 2028 / 2029 / 2030 / 2031
| Year | Avg Price | Change |
|---|---|---|
| 2027 | $65 | -4.6% |
| 2028 | $63 | -7.3% |
| 2029 | $62 | -8.8% |
| 2030 | $61 | -9.7% |
| 2031 | — | -10.3% |
Stock Forecast Based on Technical Analysis
14 TA signals (SMA×6 + EMA×6 + RSI + MACD) · EEAT method transparency
Market Sentiment
BULLISH
Based on 14 technical indicators
Refreshes daily from EOD close
Moving Averages · ALE · Jun 8, 2026
Latest Analyst Ratings & Upgrades
| Date | Brokerage | Action | Rating |
|---|---|---|---|
| 2024-05-16 | Mizuho | Maintains | Neutral→Neutral |
| 2024-02-21 | Wells Fargo | Maintains | Equal Weight→Equal Weight |
| 2024-01-22 | Guggenheim | Upgrade ↑ | Sell→Neutral |
| 2024-01-10 | Sidoti & Co. | Downgrade ↓ | Buy→Neutral |
| 2023-07-21 | Mizuho | Maintains | Neutral→Neutral |
| 2023-07-07 | Guggenheim | Maintains | Sell→Sell |
| 2023-06-27 | B of A Securities | Downgrade ↓ | Neutral→Underperform |
| 2023-05-05 | B of A Securities | Downgrade ↓ | Buy→Neutral |
| 2023-04-06 | Sidoti & Co. | Upgrade ↑ | Neutral→Buy |
| 2023-01-30 | Wells Fargo | Maintains | Equal Weight→Equal Weight |
Wall Street analysts have recently issued updated ratings on ALLETE, Inc. (ALE) stock. Of the recent 66 rating actions, 9 were upgrades and 13 were downgrades. 16 analysts currently cover ALE.
Analyst Recommendation Trends
ALE analyst recommendation trends show stable buy-side sentiment over the past 6 months. Buy rating actions changed from 0 to 0 per month.
Financial Forecast: EPS & Revenue Estimates
Revenue This Year
$2.0B
↑ 11.9% YoY
Revenue Next Year
$2.0B
↑ 2.8% YoY
EPS This Year
$3.86
EPS Next Year
$4.09
↑ 6.0% YoY
EPS ForecastReported vs Estimated
Analysts forecast ALE EPS of $3.86 for the current fiscal year, based on estimates from 1 analysts. The ALE revenue forecast is $2.0B for the current year. These are analyst consensus estimates via FMP / S&P Global.
About Forecast & Price Prediction
The ALE stock forecast is supported by two independent data sources: analyst consensus ratings from 16 Wall Street analysts (S&P Global / FMP), and technical analysis calculated from historical EOD price data. The consensus ALE price target is $58.00 (-14.6% upside), with an analyst consensus of Hold.
The ALE short-term stock prediction for tomorrow is $67.89 (-0.01%). The ALE stock price prediction for 2027 estimates an average of $65. The ALE stock prediction for 2030 projects a range of $61–$61.
ALLETE, Inc. trades on NYSE under the ticker ALE. The ALE stock outlook for 2027 is broadly mixed, supported by a Hold consensus among 19% of covering analysts.
Frequently asked questions
ALE forecast · 8 questionsAccording to 16 Wall Street analysts, the average 12-month ALE price target is $58.00, with a high forecast of $58.00 and a low of $58.00. The median price target is shown in the chart above when available. This implies -14.6% potential upside from the current price of $67.90.
· Analyst data: Financial Modeling Prep (FMP) · S&P Global Market Intelligence · Technical analysis: FMP /historical-price-eod/light · Updated: Hourly (analyst) · Daily (technical)
⚠ This information is provided for informational purposes only and does not constitute investment advice. Short-term and long-term price predictions are algorithmically generated and carry significant uncertainty. Past performance does not guarantee future results. Always conduct your own due diligence before making investment decisions.