# MGE Energy (MGEE) — Analyst Forecast

MGEE · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/mgee/forecast

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Oct 15, 2026 | JP Morgan | Initiated Coverage | Neutral | $76.00 |
| Sep 24, 2026 | B of A Securities | Initiated Coverage | Neutral | $76.00 |
| Sep 18, 2026 | Morgan Stanley | Maintained | Underweight | $71.00 |
| Aug 21, 2026 | Morgan Stanley | Maintained | Underweight | $74.00 |
| Jun 8, 2026 | Ladenburg Thalmann | Upgraded | Neutral → Buy | $81.00 |
| Apr 21, 2026 | Morgan Stanley | Maintained | Underweight | $78.00 |
| Feb 2, 2026 | Morgan Stanley | Maintained | Underweight | $73.00 |
| Sep 25, 2025 | Morgan Stanley | Maintained | Underweight | $75.00 |
| Sep 11, 2025 | Ladenburg Thalmann | Upgraded | Sell → Neutral | $83.00 |
| May 22, 2025 | Morgan Stanley | Maintained | Underweight | $74.00 |
| Mar 20, 2025 | Morgan Stanley | Maintained | Underweight | $80.00 |
| Sep 25, 2024 | Morgan Stanley | Maintained | Underweight | $74.00 |
| Aug 23, 2024 | Morgan Stanley | Maintained | Underweight | $71.00 |
| Jun 24, 2024 | Morgan Stanley | Maintained | Underweight | $65.00 |
| May 28, 2024 | Morgan Stanley | Maintained | Underweight | $68.00 |
| Nov 21, 2023 | Morgan Stanley | Maintained | Underweight | $62.00 |
| Oct 25, 2023 | Morgan Stanley | Maintained | Underweight | $61.00 |
| Sep 21, 2023 | Morgan Stanley | Maintained | Underweight | $65.00 |
| Aug 23, 2023 | Morgan Stanley | Maintained | Underweight | $63.00 |
| Jul 21, 2023 | Morgan Stanley | Maintained | Underweight | $67.00 |

## Frequently Asked Questions

### What is the latest analyst rating on MGEE?

On Oct 15, 2026, JP Morgan initiated coverage of MGE Energy at Neutral with a price target of $76.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).