Should You Buy TransAlta Corp (TAC) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
TransAlta Corp (TAC) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the technical indicators show some bullish momentum, the lack of significant positive catalysts, weak financial performance, and mixed analyst sentiment suggest holding off on an immediate investment. The investor may consider monitoring the stock for better entry points or stronger signals.
Technical Analysis
The MACD is positive and expanding, indicating bullish momentum. RSI is neutral at 57.463, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading above its pivot level (12.583) but below the first resistance level (13.121), suggesting limited upside in the short term.
Analyst Ratings and Price Target Trends
Analyst sentiment is mixed. TD Securities recently raised its price target to C$27 and maintained a Buy rating, while RBC Capital also raised its target to C$24 with an Outperform rating. However, National Bank downgraded the stock to Sector Perform with a price target of C$18, and other analysts have reduced their price targets in recent months.
Wall Street analysts forecast TAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAC is 17.38 USD with a low forecast of 12.96 USD and a high forecast of 19.44 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 TAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAC is 17.38 USD with a low forecast of 12.96 USD and a high forecast of 19.44 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: 13.940
Current: 13.940
