IDA Should I Buy
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Idacorp Inc. (IDA) is not an ideal buy for a beginner, long-term investor at this time. While the stock shows bullish technical indicators, the overbought RSI and lack of strong positive catalysts suggest limited immediate upside potential. Additionally, mixed analyst ratings and stagnant financial growth trends do not support a compelling long-term investment case currently.
The stock is showing bullish momentum with MACD positive and expanding, bullish moving averages (SMA_5 > SMA_20 > SMA_200), and a pre-market price of $141.39 above the pivot level of $136.085. However, the RSI_6 at 88.187 indicates the stock is overbought, suggesting potential near-term price correction.
The MACD and moving averages indicate bullish momentum. Net income and EPS have shown YoY growth in Q3 2025.
RSI indicates overbought conditions. Analysts have mixed ratings with recent downgrades, and financials show a drop in revenue and gross margin. No significant news or political trading activity to drive the stock higher. Stock trend analysis indicates limited short-term upside potential.
In Q3 2025, revenue dropped by -0.78% YoY, and gross margin fell by -6.46% YoY. However, net income increased by 9.53% YoY, and EPS rose by 6.60% YoY, showing some profitability improvement despite declining top-line performance.
Mixed ratings from analysts. BTIG maintains a Buy rating with a price target of $156, while Morgan Stanley raised its target to $146 with an Overweight rating. However, Wells Fargo downgraded the stock to Underweight with a price target of $118, citing overvaluation and normalized growth expectations.
