BofA cuts target for PSEG stock from USD 87.00 to USD 85.00

Published on 10/27/2026 at 21:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PSEG reports third-quarter results on November 2, 2026. PSEG stock costs EUR 65.34 on October 27, 2026 at 9:24 p.m. CEST.

Analyst target and earnings

BofA lowered its PSEG target from USD 87.00 to USD 85.00 on October 26, 2026.
PSEG reported USD 2.55 billion in second-quarter 2026 revenue, down 8.90 percent year over year.
PSEG stock costs EUR 65.34 at Lang & Schwarz on October 27, 2026 at 9:24 p.m. CEST.
PSEG will announce third-quarter 2026 results on November 2, 2026.

PSEG, US7445731067, Illustration mit AI erstellt.

PSEG (ISIN US7445731067) faces a lower Bank of America target before its third-quarter report, with the firm cutting its target from USD 87.00 to USD 85.00 on October 26, 2026, according to Markets Insider. PSEG stock was trading at EUR 65.34 at Lang & Schwarz on October 27, 2026 at 9:24 p.m. CEST.

Target cut leaves upside

The new USD 85.00 target stood 16.73 percent above the USD 72.82 primary-exchange price at 4:00 p.m. ET on October 27, 2026. The calculation uses the same-currency Nasdaq price and does not compare the USD target with the euro quotation. Bank of America kept its Buy rating while pointing to distribution margin, energy-efficiency investment, gas-system modernization and capacity prices as factors for the third-quarter outlook, according to Markets Insider.

Second-quarter revenue fell

PSEG reported USD 2.55 billion of revenue in the second quarter of 2026, down 8.90 percent from the year-earlier quarter. Net income was USD 334 million, or USD 0.67 diluted earnings per share, while non-GAAP operating earnings reached USD 0.86 per share, according to StockAnalysis. The company maintained 2026 adjusted operating earnings guidance of USD 4.28 to USD 4.40 per share.

Price position and valuation

On the Nasdaq, PSEG was last at USD 72.82 on October 27, 2026 at 4:00 p.m. ET. Its 52-week range was USD 66.15 to USD 87.63, placing the price 10.08 percent above the low and 16.90 percent below the high. Market capitalization was USD 36.3 billion, the price-to-earnings ratio was 18.11 and volume was 2,709,715 shares at that time.

Results date and peer view

PSEG will announce third-quarter 2026 results on November 2, 2026, with management scheduled to discuss financial results, guidance, capital investments and regulatory activities, according to PSEG. The company operates New Jersey's largest transmission and distribution utility and serves approximately 2.4 million electric and 1.9 million natural gas customers, according to the same release.

Comparison with peers

PSEG: price-to-earnings ratio 18.11, market capitalization USD 36.3 billion, October 27, 2026.
NextEra Energy (NYSE, USD): price-to-earnings ratio 14.82, market capitalization USD 172.9 billion, October 27, 2026.
Duke Energy (NYSE, USD): price-to-earnings ratio 18.74, market capitalization USD 97.3 billion, October 27, 2026.

Price and the next catalyst

The November 2 results will put the USD 4.28 to USD 4.40 adjusted operating earnings range back before investors. The immediate valuation picture combines a USD 18.11 price-to-earnings ratio with a USD 36.3 billion market capitalization and the revised USD 85.00 BofA target.

The further course of trading is shown by the continuously updated real-time quote of PSEG stock.