Mizuho raises Evergy stock price target to $91 on strong quarter
Mizuho raised its price target on Evergy (NASDAQ:EVRG) to $91, citing strong quarterly results and raised 2026 EPS guidance to $4.35-$4.50. The stock trades at a P/E of 19.5 and PEG of 0.84, but is considered overvalued by InvestingPro. Evergy reported Q3 2026 adjusted earnings of $2.58 per share, beating estimates, and revenue of $2.1B, also exceeding forecasts. The company increased its dividend and reaffirmed long-term growth outlook.
How this was made
The 30-second read
Why it matters
The combined earnings upgrade and target raise provide a fresh catalyst for price appreciation.
Market read
Evergy's upgraded outlook and higher target are likely to drive buying interest in the stock and may lift the broader utility sector.
What to watch
Potential regulatory or rate‑base risks could temper upside despite the guidance lift.
Background
Evergy reported a strong quarter, raised EPS guidance and received a higher price target from Mizuho.
Ticker impact
Mizuho raised its price target on Evergy to $91 and the company upgraded its 2026 EPS guidance to $4.35‑$4.50.
likely upward pressure as investors price in the higher earnings outlook and target.
Guidance lift and target raise are fresh, material information for a mid‑cap utility, prompting buying interest.
Market effects
Utility sector may see modest rally as earnings outlook improves.
Midwest utilities could benefit from similar weather‑driven demand trends.
Limited; primarily affects US utility investors.
Counterpoint
If the guidance boost is already priced in, the stock may face a short‑term pullback.
Key entities
- companyEvergy Inc.
US utility company (NASDAQ:EVRG) that raised its 2026 EPS guidance.
- analystMizuho
Research firm that increased its price target on Evergy.
