Based on the provided data and market analysis, here is the price prediction for Consolidated Edison (ED) stock in 2025:
Technical Analysis
The stock is currently trading at $94.92 as of Feb 14, 2025, showing a bearish trend in the short term with -0.77% decline in the last trading session [Relevant Data]. Key technical levels include:
- Support: $93.28 (Fibonacci S2)
- Resistance: $96.59 (Fibonacci R1)
- 200-day SMA: $96.39
- 60-day SMA: $93.43
Fundamental Drivers
Several key factors support a moderate upside potential for ED in 2025:
- Strong Earnings Growth:
- FY2024 EPS projected at $5.30-$5.40
- 5.5% EPS growth expected for FY2024
- Rate Case Filing Impact:
- Proposed 10.10% ROE
- 12-13% rate increase for customers
- Potential to accelerate rate base CAGR from 6.5% to 7%
Analyst Consensus [1, 2]:
- Median Price Target: $94.00-$100.44
- Range: $85.00 (bearish) to $116.00 (bullish)
- Most analysts maintain "Hold" rating
2025 Price Prediction:
Based on technical and fundamental analysis, ED stock is expected to trade in the following ranges by end of 2025:
- Bullish Case ($105-110): Driven by successful rate case approval and better-than-expected earnings growth
- Base Case ($95-100): Aligned with analyst consensus and current trading patterns
- Bearish Case ($85-90): If infrastructure concerns persist or regulatory headwinds increase
The most likely scenario is the Base Case, with ED reaching $97-98 by year-end 2025, representing roughly 3-4% upside from current levels.