PPL stock: BofA cuts target to USD 37.00 for PPL Corporation stock

Published on 10/23/2026 at 06:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA cut its target from USD 39.00 to USD 37.00 on October 22, 2026. PPL Corporation stock posted USD 2.11 billion revenue in Q2 2026.

Analyst revision and earnings setup

BofA lowered its PPL target to USD 37.00 from USD 39.00 on October 22, 2026.
PPL posted USD 2.11 billion in second-quarter 2026 revenue, up 4.20 percent year over year.
PPL's next earnings report is scheduled for October 29, 2026.

Isometrische Grafik der Stromkette von Kraftwerk bis Haus mit Smart-Meter — Isometrische 3D-Grafik der Stromkette veranschaulicht Geschäftsmodell von PPL Corporation, Aktie ISIN US69351T1060, Illustration mit AI erstellt.

PPL Corporation (ISIN US69351T1060) is facing a lower analyst valuation ahead of its next earnings report: BofA Securities cut its price target from USD 39.00 to USD 37.00 on October 22, 2026, according to Investing.com. The bank kept its Buy rating while citing higher costs and upcoming third-quarter results.

Target cut raises the earnings test

BofA expects ongoing earnings per share of USD 0.51 in the third quarter of 2026, compared with USD 0.48 in the third quarter of 2025. The firm also expects management to reaffirm the 2026 ongoing earnings outlook of USD 1.90 to USD 1.98 per share, according to the October 22, 2026 report.

The latest reported quarter provides the counterweight. PPL generated USD 2.11 billion in second-quarter 2026 revenue, up 4.20 percent from the same quarter of 2025, while earnings per share came in at USD 0.33 versus a USD 0.34 consensus estimate, according to MarketBeat. The revenue figure was below the USD 2.19 billion estimate, making the next report important for judging whether rate recovery can offset depreciation and interest costs.

Three analyst dates shape the view

On September 28, 2026, Wells Fargo raised its target from USD 43.00 to USD 44.00, according to MarketBeat. On October 22, 2026, HSBC began coverage with a Buy rating and a USD 42.00 target, while BofA reduced its target to USD 37.00 from USD 39.00.

What does the outlook mean for growth?

PPL's second-quarter 2026 earnings call pointed to a USD 23.00 billion capital plan through 2029 and ongoing earnings growth of 6.00 percent to 8.00 percent annually. The company also said it had deployed USD 2.30 billion through the first half of 2026, according to Benzinga. That spending supports regulated-network investment while data-center demand remains a longer-term growth factor.

Next earnings date is October 29

PPL's next earnings report is scheduled for October 29, 2026, according to Investing.com. The release will test the USD 1.90 to USD 1.98 full-year outlook and the expected second-half improvement.

NYSE price stays near the recent range

PPL was last at USD 35.35 on the NYSE on October 22, 2026 at 4:00 p.m. EDT. The 52-week range was USD 31.56 to USD 40.11, while market capitalization stood at USD 26.6 billion on the same date.

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