Idacorp Inc (IDA) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown positive financial growth and analysts have raised price targets, the technical indicators and options data do not suggest a strong entry point. Additionally, there are no recent news catalysts or significant trading trends to support an immediate buy decision.
The MACD histogram is negative (-0.624) and contracting, indicating weak momentum. The RSI is neutral at 51.947, and moving averages are converging, suggesting indecision in the market. Key support is at 136.318, and resistance is at 143.278. The stock is trading near its pivot point of 139.798, indicating a lack of clear directional trend.

Analysts have raised price targets recently, with Morgan Stanley setting a target of $160 and maintaining an Overweight rating. The company has highlighted growth opportunities and optimism in data center deals. Financial performance in Q4 2025 showed revenue, net income, and EPS growth.
Wells Fargo downgraded the stock to Underweight with a price target of $118, citing valuation concerns and normalized forward growth. There are no recent news catalysts, and technical indicators suggest indecision.
In Q4 2025, revenue increased by 1.79% YoY to $405.24M, net income rose by 15.13% YoY to $43.61M, and EPS grew by 11.43% YoY to $0.78. However, gross margin declined by 6.82% YoY to 38.81%.
Analysts are generally positive on IDA, with multiple firms raising price targets recently. Morgan Stanley raised its target to $160, Barclays to $149, and Mizuho to $148, all maintaining Overweight or Outperform ratings. However, Wells Fargo downgraded the stock to Underweight with a $118 target, citing valuation concerns and normalized growth expectations.