Pinnacle West stock faces USD 89.00 target after analyst cut

Published on 09/25/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pinnacle West stock traded at USD 90.63 on September 25, 2026, at 11:03 a.m. ET. Q2 2026 revenue rose 7.1 percent to USD 1.46 billion, while EPS was USD 1.43 versus USD 1.49 consensus.

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Pinnacle West stock (ISIN US7234841010) was trading at USD 90.63 on the NYSE on September 25, 2026, at 11:03 a.m. ET, down USD 0.45 or 0.49 percent from the prior close. The latest analyst catalyst is a lower target from Morgan Stanley, which cut its price objective from USD 94.00 to USD 89.00 on September 18, 2026, while retaining an Equal Weight rating, according to MarketBeat.

Analyst target moves lower

The revised USD 89.00 target sits USD 1.63 below the intraday share price of USD 90.63. The change gives investors a concrete counterpoint to the company revenue trend because the target reduction came despite growth in the latest reported quarter.

MarketBeat reported on September 23, 2026, that 11 of 14 covering firms rated the stock Hold and three rated it Buy. The average 12-month price objective was USD 104.23, placing the Morgan Stanley target below the published broker consensus.

Revenue grows while EPS misses

Pinnacle West reported second-quarter 2026 revenue of USD 1.46 billion, up 7.1 percent from USD 1.36 billion in the year-ago quarter. According to Zacks, the revenue figure exceeded the USD 1.40 billion consensus estimate by 3.93 percent.

The earnings comparison was less favorable. Q2 diluted EPS came in at USD 1.43 versus the USD 1.49 consensus estimate, a 4.03 percent miss, and declined 9.5 percent from USD 1.58 in Q2 2025. Zacks also reported that Pinnacle West maintained fiscal 2026 EPS guidance of USD 4.55 to USD 4.75 and expects fiscal 2026 revenue of USD 5.56 billion to USD 5.66 billion.

Stock trades below yearly high

Pinnacle West traded between USD 90.26 and USD 91.22 during the September 25, 2026 session. Its 52-week range was USD 85.91 to USD 111.16, while market capitalization stood at USD 10.98 billion and volume reached 191,086 shares at 11:03 a.m. ET.

The combination of 7.1 percent quarterly revenue growth and a 9.5 percent year-over-year EPS decline leaves the stock balanced between demand growth and earnings pressure. For investors, the USD 89.00 Morgan Stanley target and the USD 104.23 broker average define the current range of published expectations.