Jefferies cuts target for Evergy stock to USD 93.00

Published on 10/20/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evergy reported USD 1.50 billion revenue in second-quarter 2026. Evergy stock costs EUR 73.75 on October 20, 2026, up 1.33 percent on Nasdaq.

Analyst target and reporting date

Jefferies cut its Evergy target to USD 93.00 from USD 103.00 on October 19, 2026.
Second-quarter 2026 revenue reached USD 1.50 billion versus USD 1.36 billion expected.
Evergy stock costs EUR 73.75 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST, 1.33 percent up on the Nasdaq.
Evergy plans to release third-quarter 2026 results on November 5, 2026.

Fotorealistisches Evergy-Umspannwerk bei Sonnenaufgang in der Kansas-Ebene — Evergy Umspannwerk US30034W1064 bei goldenem Morgenlicht über der flachen Kansas-Prärie mit Hochspannungsmasten, Illustration mit AI erstellt.

Evergy stock (ISIN US30034W1062) carries a lower USD 93.00 target after Jefferies cut it from USD 103.00 on October 19, 2026, as reported by Fidelity. The new target is 12.35 percent above Evergy's USD 82.78 Nasdaq price. Evergy was trading at EUR 73.75 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST, 1.33 percent up on the Nasdaq.

Revenue beat sets the base

Evergy's second-quarter 2026 revenue reached USD 1.50 billion versus a USD 1.36 billion consensus estimate, while adjusted earnings per share came to USD 0.88 against USD 0.81 expected, according to MarketBeat. That revenue comparison represents a USD 140.00 million beat against the consensus figure, giving investors a clearer operating reference than the target revision alone.

What does the target imply?

Jefferies' USD 93.00 target stands 12.35 percent above the USD 82.78 Nasdaq price on October 20, 2026. The target cut therefore narrows the valuation gap while leaving the analyst view above the market level. Evergy's market capitalization was USD 19.1 billion, its price-to-earnings ratio was 20.99, and its 52-week range was USD 71.41 to USD 88.62 on October 20, 2026.

Next results arrive November 5

Evergy said on October 15, 2026 that it plans to release third-quarter 2026 earnings before the market opens on November 5, 2026, followed by a conference call, according to Evergy. The company serves 1.7 million customers in Kansas and Missouri, according to the same release. The date gives the next formal checkpoint for guidance and weather-related operating trends.

Comparison with peers

Evergy: up 1.33 percent, P/E 20.99, market capitalization USD 19.1 billion on October 20, 2026.

Duke Energy Corporation (NYSE, USD): up 1.64 percent, P/E 18.20, market capitalization USD 94.5 billion on October 20, 2026.

The Southern Company (NYSE, USD): up 1.67 percent, P/E 21.95, market capitalization USD 104.4 billion on October 20, 2026.

Stock stays below its yearly high

Evergy's Nasdaq price of USD 82.78 stood below its USD 88.62 52-week high and above its USD 71.41 low on October 20, 2026. The utility's next scheduled earnings date is the central event for updating the target and the second-quarter operating picture. The further course of trading is shown by the continuously updated real-time quote of Evergy stock.