Ameren stock gets a USD 104 target as 2026 guidance holds

Published on 10/05/2026 at 16:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ameren stock was trading at USD 99.87 on October 5, 2026, as Scotiabank set a USD 104.00 target. Q2 EPS beat consensus while revenue fell 5.8 percent year over year.

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Ameren Corporation stock (ISIN US0236081024) was trading at USD 99.87 on the NYSE on October 5, 2026, at 10:57 a.m. ET, with a daily change of -0.07 percent. The immediate company-specific marker is Scotiabank's Sector Perform rating and USD 104.00 price target, issued in a research note dated October 1, 2026, according to MarketBeat.

Scotiabank sets a measured target

Scotiabank analyst I. Rapp forecasts fiscal 2026 EPS of USD 5.38 and places the target only USD 4.13 above the October 5 trading price. The same note cites a full-year consensus estimate of USD 5.40 and Ameren's fiscal 2026 guidance range of USD 5.25 to USD 5.45 per diluted share, according to MarketBeat.

The target picture is mixed at the operating level. Ameren delivered Q2 2026 diluted EPS of USD 1.13 against USD 1.08 consensus, but quarterly revenue was USD 2.09 billion, down 5.8 percent from the comparable period, according to MarketBeat. The earnings beat therefore came with weaker top-line momentum, an important counterweight to the investment case.

Infrastructure remains the growth engine

Ameren Missouri's September 28, 2026 integrated resource plan describes a 20-year roadmap covering natural gas, solar, storage, wind and nuclear resources. The plan includes 2,100 megawatts of combined-cycle natural gas generation by 2031 and 2,400 megawatts of battery storage by 2030, according to Ameren.

The plan also ties growth to 2.8 gigawatts of signed large-load demand by 2030. Regulatory approvals, construction execution and the ability to convert demand into rate-base growth remain central operating variables, while the second-quarter revenue decline shows that capital deployment does not automatically translate into near-term sales growth.

Consensus leaves room above the quote

MarketBeat reports a Moderate Buy consensus from 14 analysts, including 10 Buy ratings and four Holds, with an average target of USD 118.08. That average lies 18.2 percent above the USD 99.87 trading price, giving the consensus a materially more constructive view than Scotiabank's USD 104.00 target.

Ameren stock stays near USD 100

Ameren stock was trading at USD 99.87 on the NYSE on October 5, 2026, with a market capitalization of USD 27.6 billion, volume of 237,776 shares and a 52-week range of USD 96.57 to USD 118.32.