New Jersey Resources Corporation (NJR)
NYSE: NJR · Real-Time Price · USD
57.61
+0.91 (1.60%)
Jun 26, 2026, 4:00 PM EDT - Market closed
New Jersey Resources Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for New Jersey Resources stock have an average target of 62, with a low estimate of 61 and a high estimate of 63. The average target predicts an increase of 7.62% from the current stock price of 57.61.
Analyst Consensus: Buy
* Price targets were last updated on May 19, 2026.
Analyst Ratings
The average analyst rating for New Jersey Resources stock from 8 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 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 2 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Buy Maintains $58 → $63 | Buy | Maintains | $58 → $63 | +9.36% | May 19, 2026 |
Unknown Analyst Wells Fargo No rating | Wells Fargo | Buy Initiates $63 | Buy | Initiates | $63 | +9.36% | May 11, 2026 |
| J.P. Morgan | J.P. Morgan | Buy Maintains $56 → $61 | Buy | Maintains | $56 → $61 | +5.88% | Apr 25, 2026 |
| Mizuho Securities | Mizuho Securities | Buy Maintains $54 → $61 | Buy | Maintains | $54 → $61 | +5.88% | Apr 21, 2026 |
Financial Forecast
Revenue This Year
2.20B
from 2.04B
Increased by 8.06%
Revenue Next Year
2.24B
from 2.20B
Increased by 1.88%
EPS This Year
3.49
from 3.29
Increased by 6.05%
EPS Next Year
3.45
from 3.49
Decreased by -1.10%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 2.3B | 2.3B | |
| Avg | 2.2B | 2.2B | |
| Low | 2.1B | 2.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 12.2% | 6.0% | |
| Avg | 8.1% | 1.9% | |
| Low | 3.9% | -0.2% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 3.62 | 3.69 | |
| Avg | 3.49 | 3.45 | |
| Low | 3.34 | 3.25 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 10.0% | 5.8% | |
| Avg | 6.1% | -1.1% | |
| Low | 1.5% | -6.9% |
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.