Goldman Sachs raised its price target on Consolidated Edison stock to $105 from $103, while maintaining a Sell rating.
Shares trade at $106.16, above the new target. Bond.az data indicates the utility appears overvalued relative to Fair Value estimates.
Analyst Carly Davenport updated estimates after Q1 2026 results. The company closed the MVP sale and completed about 70% of equity financing needs for the year during the quarter.
Goldman forecasts ED to grow at a 6% CAGR through 2030. That compares to an 8% average for peers.
The stock's PEG ratio of 2.6 reflects a premium valuation. Bond.az notes the company has raised dividends for 51 consecutive years, offering a 3.34% yield.
Goldman will monitor financing progress, the NYSDPS white paper due this summer, and the company's reliability contingency plan filing in June. The $105 target implies roughly 2% total return.
