PG&E Analyst Price Targets

Wall Street analyst price targets and consensus rating for PG&E (PCG).

Price Target Range — 12 Quarters

Analyst Consensus — 12 Analysts

4Buy

8Hold

Consensus RatingOverweight# Analysts12Avg. Consensus PT$19Upside to Avg. PT+56.1%

Rating Trend — Last 9 Months

Recent Analyst Actions

Date	Firm	Analyst	Action	Rating Change	Price Target
Sep 23, 2026	UBS	Gregg Orrill	Downgrade	Buy→Neutral	$19→$14
Sep 18, 2026	Morgan Stanley	David Arcaro	PT Cut	Equal-Weight	$22→$20
Sep 4, 2026	B of A Securities	Ross Fowler	PT Raise	Neutral	$13→$14
Sep 3, 2026	Barclays	Nicholas Campanella	PT Cut	Overweight	$23→$18
Sep 3, 2026	Mizuho	Anthony Crowdell	PT Cut	Neutral	$16→$14
Sep 3, 2026	Truist Securities	Richard Sunderland	Downgrade	Buy→Hold	$21→$17
Sep 2, 2026	JP Morgan	Aidan Kelly	PT Cut	Overweight	$25→$18
Sep 1, 2026	B of A Securities	Ross Fowler	Downgrade	Buy→Neutral	$24→$13
Aug 31, 2026	Wells Fargo	Shahriar Pourreza	Downgrade	Overweight→Equal-Weight	$25→$24
Aug 31, 2026	Mizuho	Anthony Crowdell	Downgrade	Outperform→Neutral	$21→$16
Aug 31, 2026	BMO Capital	James Thalacker	Downgrade	Outperform→Market Perform	$28→$21
Aug 21, 2026	Morgan Stanley	David Arcaro	PT Cut	Equal-Weight	$23→$22
Aug 4, 2026	Truist Securities	Richard Sunderland	PT Cut	Buy	$23→$21
Jul 24, 2026	BMO Capital	James Thalacker	PT Raise	Outperform	$27→$28
Jul 22, 2026	BMO Capital	James Thalacker	PT Cut	Outperform	$28→$27
Jul 16, 2026	JP Morgan	Aidan Kelly	PT Raise	Overweight	$23→$25
May 18, 2026	Truist Securities	Richard Sunderland	PT Cut	Buy	$23→$22
May 15, 2026	JP Morgan	Aidan Kelly	PT Cut	Overweight	$24→$23
Apr 21, 2026	Truist Securities	Richard Sunderland	Initiate	Buy	$23
Mar 23, 2026	Jefferies	Julien Dumoulin-Smith	Downgrade	Buy→Hold	$20→$19