New Jersey Resources Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for New Jersey Resources stock have an average target of 51.8, with a low estimate of 50 and a high estimate of 54. The average target predicts a decrease of -5.01% from the current stock price of 54.53.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$51.8	$51	$54
Change	-8.31%	-5.01%	-6.47%	-0.97%

* Price targets were last updated on Dec 17, 2025.

Analyst Ratings

The average analyst rating for New Jersey Resources stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	0	0	0	0
Buy	2	2	3	3	3	3
Hold	4	4	3	3	3	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gabriel Moreen Mizuho	Mizuho	Hold → Buy Upgrades $51 → $54	Hold → Buy	Upgrades	$51 → $54	-0.97%	Dec 17, 2025
J.R. Weston Raymond James	Raymond James	Buy Maintains $49 → $50	Buy	Maintains	$49 → $50	-8.31%	Aug 8, 2025
J.R. Weston Raymond James	Raymond James	Buy Initiates $49	Buy	Initiates	$49	-10.14%	Jun 13, 2025
Richard Sunderland JP Morgan	JP Morgan	Buy Maintains $56 → $51	Buy	Maintains	$56 → $51	-6.47%	May 28, 2025
Gabriel Moreen Mizuho	Mizuho	Hold Maintains $52 → $50	Hold	Maintains	$52 → $50	-8.31%	May 15, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.27B

from 2.04B

11.42%

from 2.04B

Revenue Next Year

2.32B

from 2.27B

2.12%

from 2.27B

EPS This Year

3.39

from 3.33

1.85%

from 3.33

EPS Next Year

3.49

from 3.39

2.79%

from 3.39

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	2.16B	2.91B	1.96B	1.80B	2.04B	2.27B	2.32B
Revenue Growth	10.39%	34.75%	-32.45%	-8.48%	13.35%	11.42%	2.12%
EPS	1.22	2.85	2.71	2.92	3.33	3.39	3.49
EPS Growth	-28.66%	133.61%	-4.91%	7.75%	14.04%	1.85%	2.79%
Forward PE	-	-	-	-	-	16.08	15.64
No. Analysts	-	-	-	-	-	8	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	2.7B	2.7B
Avg	2.3B	2.3B
Low	2.1B	2.2B

Revenue Growth

Revenue Growth	2026	2027
High	30.5%	19.6%
Avg	11.4%	2.1%
Low	1.7%	-5.2%

EPS Forecast

EPS	2026	2027
High	3.58	3.78
Avg	3.39	3.49
Low	3.23	3.19

EPS Growth

EPS Growth	2026	2027
High	7.5%	11.5%
Avg	1.8%	2.8%
Low	-2.9%	-5.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.