New Jersey Resources (NJR) analyst forecast and price target
Analyst forecast
Consensus of 8 analyst ratings
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| Wells Fargo | Downgraded | Overweight → Equal-Weight | $61.00 from $63.00 | Aug 5, 2026 |
| Wells Fargo | Initiated Coverage | Overweight | $63.00 | May 12, 2026 |
| Mizuho | Maintained | Outperform | $61.00 from $54.00 | Apr 21, 2026 |
| Mizuho | Upgraded | Neutral → Outperform | $54.00 from $51.00 | Dec 17, 2025 |
| Raymond James | Maintained | Outperform | $50.00 from $49.00 | Aug 8, 2025 |
| Raymond James | Initiated Coverage | Outperform | $49.00 | Jun 13, 2025 |
| JP Morgan | Maintained | Overweight | $51.00 from $56.00 | May 28, 2025 |
| Mizuho | Maintained | Neutral | $50.00 from $52.00 | May 15, 2025 |
| Wells Fargo | Maintained | Equal-Weight | $53.00 from $51.00 | May 7, 2025 |
| Jefferies | Initiated Coverage | Hold | $51.00 | Apr 1, 2025 |
| Guggenheim | Maintained | Neutral | $54.00 from $53.00 | Feb 5, 2025 |
| JP Morgan | Maintained | Overweight | $52.00 from $54.00 | Jan 28, 2025 |
| JP Morgan | Upgraded | Neutral → Overweight | $54.00 from $52.00 | Dec 12, 2024 |
| Guggenheim | Maintained | Neutral | $49.00 from $46.00 | Nov 27, 2024 |
| Wells Fargo | Maintained | Equal-Weight | $54.00 from $51.00 | Nov 27, 2024 |
| Wells Fargo | Maintained | Equal-Weight | $51.00 from $47.00 | Oct 16, 2024 |
| Mizuho | Maintained | Neutral | $47.00 from $45.00 | Sep 20, 2024 |
| JP Morgan | Maintained | Neutral | $49.00 from $48.00 | Aug 15, 2024 |
| Mizuho | Maintained | Neutral | $45.00 from $47.00 | Feb 5, 2024 |
| Mizuho | Maintained | Neutral | $47.00 from $49.00 | Nov 20, 2023 |
Frequently asked questions
Is NJR a buy, sell, or hold?
Analysts covering New Jersey Resources currently average a Buy rating: 4 buy, 4 hold and 0 sell, from 8 analysts. Ratings reflect analyst opinion, not investment advice.
What is the latest analyst rating on NJR?
On Aug 5, 2026, Wells Fargo downgraded New Jersey Resources to Equal-Weight with a price target of $61.00.
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.