Consolidated Edison, Inc.

Argus reaffirmed a Buy rating and sees ED benefiting from improving fundamentals and positive sector rotation during expected interest rate cuts. Historical data supports an average 8.6% annual price rise, with a 52-week forecast target of $121.99, suggesting meaningful upside from current levels.

Morgan Stanley and Goldman Sachs both maintain Sell ratings with price targets of $99–$105, implying significant downside from current trading levels. The broader analyst consensus of 7 Sell versus only 2 Buy recommendations reflects deep skepticism about ED's near-term valuation.

Earnings per share are forecast to grow from $6.08 to $6.41 in the coming year, a 5.43% increase, underpinned by regulatory rate increases already filed for early 2026. Argus highlights that ED's earnings growth has been consistently driven by a supportive regulatory framework in New York.

Seeking Alpha analysts highlight below-sector EPS growth and mixed momentum trends, raising concerns that ConEd's dividend growth is minimal and earnings expansion lags utility sector peers. The heavy reliance on regulatory approvals introduces uncertainty around the pace and reliability of future rate hike grants.

ED's stock holds buy signals from both short- and long-term moving averages, with the short-term average above the long-term average. A pivot bottom buy signal was issued in late June 2025, and the stock has since risen over 4%, suggesting near-term momentum remains constructive.

Despite short-term buy signals, the stock sits in a falling trend channel with a predicted decline of approximately 8.18% over the next three months. A volume-price divergence was flagged as an early warning, and the stock faces resistance before any meaningful trend reversal can be confirmed.