Raymond James raises target for Constellation Energy stock from USD 336 to USD 341

Published on 10/21/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings rose to USD 2.55 per share, up USD 0.64. Constellation Energy stock costs EUR 232.95 on October 21, 2026, below Xetra close.

Contracting and earnings calendar

Raymond James set a USD 341.00 target on October 20, 2026.
Adjusted second-quarter earnings reached USD 2.55 per share, up USD 0.64 year over year.
Constellation Energy stock trades at EUR 232.95 at 10:47 a.m. CEST on October 21, 2026, 4.21 percent below the Xetra close of October 20, 2026.
Third-quarter results are scheduled for November 9, 2026.

Aquarellillustration der Baltimore Hafenstadt mit Strommasten bei Dämmerung — Constellation Energy Aquarell US21037T1097 zeigt Baltimore Hafenskyline mit großen Hochspannungsmasten bei Abenddämmerung, Illustration mit AI erstellt.

Constellation Energy (ISIN US21037T1097) faces a sharper market test after Raymond James lifted its price target to USD 341.00 from USD 336.00 on October 20, 2026. At Lang & Schwarz, the stock was trading at EUR 232.95 at 10:47 a.m. CEST on October 21, 2026, down 4.21 percent on the session.

Raymond James raises its target

According to Investing.com, Raymond James retained its Outperform rating while raising the target from USD 336.00 to USD 341.00. The firm cut its adjusted third-quarter 2026 earnings-per-share estimate from USD 4.40 to USD 3.90, while keeping the estimate above the USD 3.62 consensus cited in the report.

The target change reflects the expected monetization of nuclear generation and the contribution from Calpine. The estimate also highlights the main counter-factor: a demanding comparison with third-quarter 2025, when nuclear availability reached 96.8 percent.

What does the guidance mean for earnings?

Constellation reported adjusted operating earnings of USD 2.55 per share in the second quarter of 2026, up USD 0.64 from the same period a year earlier. Its GAAP earnings were USD 1.42 per share. Benzinga reported that management raised full-year adjusted operating earnings guidance to USD 11.50 to USD 12.50 per share from USD 11.00 to USD 12.00.

Three dated developments

On September 30, 2026, Constellation announced a 20-year Amazon agreement adding 190 megawatts of nuclear capacity. On October 6, 2026, its agreement with Google covered 890 megawatts of new nuclear capacity. On October 20, 2026, Raymond James raised its target to USD 341.00 from USD 336.00, according to Investing.com.

When are the next results due?

Simply Wall St lists November 9, 2026, as the scheduled date for Constellation's third-quarter 2026 results. That report will test whether the raised full-year range remains supported after the summer contribution from Calpine.

Stock drops below the Xetra close

The Lang & Schwarz quote of EUR 232.95 was EUR 10.25 below the Xetra close of EUR 243.20 on October 20, 2026, a decline of 4.21 percent. The primary Nasdaq listing closed at USD 263.19 on October 19, 2026, while the market capitalization was USD 91.7 billion as of October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.