Black Hills Corporation (BKH)

Black Hills Stock Forecast

Stock Price Forecast

According to 3 professional analysts, the 12-month price target for Black Hills stock ranges from a low of $64 to a high of $81. The average analyst price target of $71 forecasts a 1.52% increase in the stock price over the next year.

Price Target: $71.00 (+1.52%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$64	$71	$68	$81
Change	-8.49%	+1.52%	-2.77%	+15.81%

Analyst Ratings

The average analyst rating for Black Hills stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	2	2
Hold	3	2	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Weisel Scotiabank	Scotiabank	Hold → Buy Upgrades $66 → $81	Hold → Buy	Upgrades	$66 → $81	+15.81%	Nov 7, 2025
Julien Dumoulin-Smith B of A Securities	B of A Securities	Sell → Hold Upgrades $57 → $64	Sell → Hold	Upgrades	$57 → $64	-8.49%	Aug 20, 2025
Julien Dumoulin-Smith B of A Securities	B of A Securities	Strong Sell Maintains $56 → $57	Strong Sell	Maintains	$56 → $57	-18.50%	Aug 1, 2025
Edward DeArias BMO Capital	BMO Capital	Buy Initiates $68	Buy	Initiates	$68	-2.77%	May 13, 2025
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $67 → $66	Hold	Maintains	$67 → $66	-5.63%	Feb 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.35B

Increased by 10.35%

from 2.13B

Revenue Next Year

2.42B

Increased by 3.07%

from 2.35B

EPS This Year

4.15

Increased by 6.25%

from 3.91

EPS Next Year

4.39

Increased by 5.63%

from 4.15

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.70B	1.95B	2.55B	2.33B	2.13B	2.35B	2.42B
Revenue Growth	-2.19%	14.86%	30.92%	-8.64%	-8.73%	10.35%	3.07%
EPS	3.65	3.74	3.97	3.91	3.91	4.15	4.39
EPS Growth	11.25%	2.50%	6.15%	-1.51%	-	6.25%	5.63%
Forward PE	-	-	-	-	-	16.83	15.94
No. Analysts	-	-	-	-	-	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	2.6B	2.7B
Avg	2.3B	2.4B
Low	2.1B	2.2B

Revenue Growth

Revenue Growth	2025	2026	2027
High	22.6%	16.0%
Avg	10.4%	3.1%
Low	-0.3%	-8.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.34	4.60
Avg	4.15	4.39
Low	4.01	4.22

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	10.9%	10.7%
Avg	6.3%	5.6%
Low	2.5%	1.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.