Should You Buy Black Hills Corp (BKH) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor right now. BKH is in a constructive uptrend (bullish moving-average stack), supports a durable income-style thesis (56 straight years of dividend growth), and options positioning is aggressively call-skewed. Near-term deal-related uncertainty exists, but at ~$72.7 the setup fits an impatient long-term investor better than waiting for a perfect pullback.
Technical Analysis
Price ~$72.71 (-1.14%) is holding near the pivot/support area (Pivot 72.51; S1 71.12). Trend is bullish: SMA_5 > SMA_20 > SMA_200 implies upward medium/long-term momentum. RSI(6) ~50.6 is neutral (not overbought), suggesting room to move without being stretched. MACD histogram is positive (0.0783) but contracting, indicating upside momentum is still present but cooling; near-term consolidation is plausible. Key levels: upside resistance at R1 73.90 then R2 74.76; downside support at 71.12 then 70.26. Pattern-based stats imply modest upside next week but weaker 1-month expectation (-2.88%), which points to potential chop rather than a breakdown.
Analyst Ratings and Price Target Trends
Recent analyst trend is mixed/tempered:
- 2026-01-23: BofA kept Neutral and nudged PT to $72 (from $70), essentially aligning with the current price area (limited near-term upside per this view).
- 2025-11-07: Scotiabank upgraded to Outperform with PT $81, citing attractive upside tied to Wyoming data-center demand/projects.
- Deal sentiment note: Wells Fargo commentary (focused on NWE) flagged increasing discomfort around the deal with Black Hills, implying headline risk and potential downside if the transaction breaks.
Wall Street pros: durable dividend growth, potential project-driven upside, and steady revenue growth. Cons: merger uncertainty/headline risk, some margin/EPS pressure, and at least one major firm sitting neutral around current levels.
Influential/political trading: No recent congress trading data available; hedge fund and insider trends are reported as neutral with no significant recent activity.
Wall Street analysts forecast BKH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKH is 80 USD with a low forecast of 73 USD and a high forecast of 87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast BKH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKH is 80 USD with a low forecast of 73 USD and a high forecast of 87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 72.160
Current: 72.160
