Ameren (NYSE: AEE) Sees Price Target Increase Following Strong Q3 Earnings
Key points
- Mizuho Securities analyst Anthony Crowdel set a $123.00 price target for Ameren, implying a 9% gain from its current price of $112.85.
- Ameren reported strong third-quarter results with $2.42 diluted EPS and revenue rising 6.8% to $2.88 billion, beating estimates.
- The company raised its 2026 earnings forecast and plans $38.10 billion in infrastructure investment to meet rising electricity demand.
Ameren (NYSE: AEE) is a utility that supplies electricity and natural gas in Missouri and Illinois. On November 9, 2026, Mizuho Securities analyst Anthony Crowdel set a $123.00 price target for the stock. From its $112.85 price when the target was posted, that implies a gain of about 9%.
The target follows stronger third-quarter results. Ameren earned $2.42 per diluted share, compared with $2.35 a year earlier. Revenue rose 6.8% to $2.88 billion, narrowly beating estimates, as highlighted by Zacks. Earnings per share show how much profit a company makes for each share of stock.
Ameren also raised its 2026 earnings forecast to $5.35–$5.55 per share from $5.25–$5.45, as highlighted by MarketBeat. Its 2027 forecast is $5.70–$5.90 per share. Higher sales, favorable weather and returns on investments support earnings, while higher maintenance and reliability costs in Missouri partly offset those gains.
The company plans $38.10 billion in infrastructure investment as it prepares for rising electricity demand in Missouri, including demand from data centers, as highlighted by MarketBeat. Electricity sales rose 3% to 19.60 billion kilowatt-hours in the third quarter, as highlighted by Zacks.
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