64.35
price down icon0.03%   -0.02
after-market After Hours: 64.35
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Allete Inc Stock (ALE) Forecast

The Allete Inc (ALE) stock price forecast for the next 30 days is generally negative, with an average analyst price target of $59.28, representing a -7.88% decrease from the current price of $64.35. The highest analyst price target is $60.59, and the lowest is $57.97.

Note: Our forecast model does not currently account for dividend and stock split events. This means that our forecast may not be accurate for stocks that have recently experienced either of these events.

Disclaimer: The information on this page is not intended to be financial advice. It is for general information only and should not be used to make any investment decisions. Please consult with a professional financial advisor before making any investment decisions.
12-Month ALE Price Target
Average 45.87 (-28.72% Downside)
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Is Allete Inc (ALE) A Buy Now?

Oscillators
Name Value Action
RSI(14) 47.90 Neutral
STOCH(9,6) 33.57 Neutral
STOCHRSI(14) 11.80 Buy
MACD(12,26) 0.0681 Sell
ADX(14) 21.52 Neutral
William %R -70.59 Neutral
CCI(14) -41.39 Neutral
Buy: 1 Sell: 1 Neutral: 5
Summary: Neutral
Moving Averages
Period Simple Exponential
MA10
64.68
Sell
64.51
Sell
MA20
64.47
Sell
64.48
Sell
MA50
64.29
Buy
64.27
Buy
MA100
63.99
Buy
63.73
Buy
MA200
62.12
Buy
62.30
Buy
Buy: 6 Sell: 4 Neutral: 0
Summary: Buy
According to our latest analysis, ALE could be considered a Potential Buy, with 17 technical analysis indicators signaling 7 Buy signals, 5 signaling Sell signals and 5 Neutral signals. This might be a good time to open fresh positions on ALE, as trading bullish markets is always a lot easier
  1. RSI (Relative Strength Index): The RSI(14) value of 47.9 indicates that ALE is neither overbought nor oversold. It suggests a neutral sentiment in the short term.
  2. STOCH (Stochastic Oscillator): The STOCH value of 33.57 indicates that ALE is neither overbought nor oversold. It indicates a balanced market sentiment without any extreme buying or selling pressure.
  3. STOCHRSI (Stochastic Relative Strength Index): The STOCHRSI value of 11.8 indicates that ALE is oversold. This suggests that ALE price is at or near the lowest level relative to its recent price history.
  4. ADX (Average Directional Index): The ADX value of The ADX value of 21.52 suggests that there may be some movement in price, but it lacks strength or conviction.
  5. CCI (Commodity Channel Index): A CCI(14) value of A CCI(14) value of -41.39 indicates that ALE is not in oversold or overbought territory. It suggests a neutral sentiment in the short term.

Long-term ALE price forecast for 2025, 2030, 2035, 2040, 2045 and 2050

Based on our analysis about Allete Inc financial reports and earnings history, Allete Inc (ALE) stock could reach $43.59 by 2030, $15.27 by 2040 and $28.89 by 2050. See the projected annual prices until 2050 of the Allete Inc stock below:

  • Allete Inc (ALE) is expected to reach an average price of $22.46 in 2035, with a high prediction of $24.43 and a low estimate of $19.39. This indicates an $-65.10% rise from the last recorded price of $64.35.
  • Allete Inc (ALE) stock is projected to chart a bullish course in 2040, with an average price target of $11.14, representing an $-82.69% surge from its current level. The forecast ranges from a conservative $10.62 to a sky-high $15.27.
  • Our analysts predict Allete Inc (ALE) to jump -65.09% by 2045, soaring from $13.38 to an average price of $22.46, potentially reaching $18.10. While $13.38 is the low estimate, the potential upside is significant.
  • Allete Inc (ALE) stock is expected to climb by 2050, reaching an average of $26.73, a $-58.47% jump from its current level. However, a wide range of estimates exists, with high and low targets of $28.89 and $27.31, respectively, highlighting the market's uncertainty.

Allete Inc Stock (ALE) Year by Year Forecast

Allete Inc Stock (ALE) Price Forecast for 2024

Our forecast for ALE stock price in 2024 now indicates an average price target of $61.65 with a high forecast of $67.45 and a low forecast of $55.86. The average prediction reflects an decrease of -4.19% from the last recorded price of $64.35.
Month Average Low High Change from today's price
December, 2024 $58.50 $57.97 $60.59 -9.10%

Allete Inc Stock (ALE) Price Forecast for 2025

Allete Inc Stock (ALE) is expected to reach an average price of $45.87 in 2025, with a high prediction of $63.94 and a low estimate of $27.80. This indicates an -28.72% fall from the last recorded price of $64.35.
Month Average Low High Change from today's price
January, 2025 $59.95 $57.34 $61.27 -6.84%
February, 2025 $62.74 $58.61 $63.94 -2.50%
March, 2025 $47.41 $47.32 $63.43 -26.33%
April, 2025 $39.93 $29.42 $56.73 -37.94%
May, 2025 $34.50 $33.16 $42.81 -46.38%
June, 2025 $29.17 $27.80 $42.44 -54.67%
July, 2025 $34.12 $31.22 $44.54 -46.98%
August, 2025 $38.31 $31.34 $38.50 -40.46%
September, 2025 $40.29 $36.99 $40.99 -37.39%
October, 2025 $33.71 $32.43 $41.17 -47.62%
November, 2025 $31.74 $29.86 $33.91 -50.67%
December, 2025 $31.68 $30.85 $36.17 -50.77%

Allete Inc Stock (ALE) Price Forecast for 2026

The predicted value for Allete Inc (ALE) in 2026 is set at an average of $43.00. Estimates vary from a peak of $54.02 to a trough of $31.98, indicating an -33.18% surge from the present price of $64.35.
Month Average Low High Change from today's price
January, 2026 $37.97 $31.98 $41.27 -41.00%
February, 2026 $40.54 $36.28 $42.14 -36.99%
March, 2026 $50.05 $37.27 $50.29 -22.22%
April, 2026 $45.01 $39.27 $50.54 -30.06%
May, 2026 $48.92 $41.47 $52.66 -23.99%
June, 2026 $50.00 $46.35 $53.18 -22.30%
July, 2026 $51.09 $49.01 $52.77 -20.61%
August, 2026 $51.27 $48.97 $51.29 -20.33%
September, 2026 $50.15 $47.21 $52.09 -22.06%
October, 2026 $53.56 $48.97 $54.02 -16.77%
November, 2026 $48.43 $48.26 $53.67 -24.74%
December, 2026 $40.63 $39.99 $49.78 -36.85%

Allete Inc Stock (ALE) Price Forecast for 2027

For 2027, Stockscan's Analyst expects the average price target for Allete Inc (ALE) is $44.07, with a high forecast of $50.14 and a low forecast of $38.00. This indicates an -31.51% decrease from the last price of $64.35.
Month Average Low High Change from today's price
January, 2027 $42.82 $38.00 $45.29 -33.46%
February, 2027 $43.86 $42.24 $46.91 -31.84%
March, 2027 $45.31 $39.85 $47.02 -29.60%
April, 2027 $47.28 $43.90 $50.04 -26.52%
May, 2027 $44.80 $43.31 $47.13 -30.38%
June, 2027 $46.52 $39.92 $46.61 -27.71%
July, 2027 $48.66 $45.51 $50.14 -24.38%
August, 2027 $45.05 $44.37 $47.74 -29.99%
September, 2027 $43.83 $39.68 $45.31 -31.89%
October, 2027 $39.21 $38.48 $45.44 -39.06%
November, 2027 $40.08 $38.63 $42.46 -37.71%
December, 2027 $45.42 $39.40 $45.64 -29.42%

Allete Inc Stock (ALE) Price Forecast for 2028

In 2028, Allete Inc (ALE) is projected to reach an average price of $40.00, with a high projection of $49.92 and a low estimate of $30.07. This indicates an -37.84% fall from the last price of $64.35.
Month Average Low High Change from today's price
January, 2028 $42.25 $41.01 $45.94 -34.35%
February, 2028 $32.31 $32.15 $43.71 -49.79%
March, 2028 $38.63 $30.07 $39.49 -39.97%
April, 2028 $49.37 $35.76 $49.80 -23.28%
May, 2028 $47.18 $45.51 $49.92 -26.68%
June, 2028 $46.80 $45.40 $49.23 -27.27%
July, 2028 $43.04 $42.21 $46.56 -33.12%
August, 2028 $43.09 $40.59 $45.43 -33.03%
September, 2028 $48.40 $42.79 $49.55 -24.79%
October, 2028 $45.53 $44.32 $49.00 -29.25%
November, 2028 $44.16 $40.67 $46.02 -31.37%
December, 2028 $41.08 $39.79 $45.99 -36.16%

Allete Inc Stock (ALE) Price Forecast for 2029

The 2029 price forecast for Allete Inc Stock (ALE) is $40.06 on average, with a high prediction of $47.40 and a low estimate of $32.71. This represents an -37.75% decrease from the previous price of $64.35.
Month Average Low High Change from today's price
January, 2029 $40.64 $39.31 $42.39 -36.85%
February, 2029 $39.06 $38.13 $41.16 -39.31%
March, 2029 $39.92 $36.64 $40.38 -37.96%
April, 2029 $37.25 $32.71 $40.22 -42.11%
May, 2029 $37.42 $35.62 $40.92 -41.85%
June, 2029 $39.66 $36.70 $39.87 -38.36%
July, 2029 $44.85 $39.23 $45.83 -30.30%
August, 2029 $42.90 $41.44 $47.40 -33.34%
September, 2029 $40.98 $39.85 $44.30 -36.31%
October, 2029 $42.49 $39.76 $43.20 -33.97%
November, 2029 $43.75 $40.70 $45.03 -32.01%
December, 2029 $38.78 $37.06 $45.13 -39.74%

Allete Inc Stock (ALE) Price Forecast for 2030

Allete Inc Stock (ALE) is expected to reach an average price of $27.56 in 2030, with a high forecast of $46.29 and a low forecast of $8.8205. This signifies an -57.18% decrease from the last price of $64.35.
Month Average Low High Change from today's price
January, 2030 $42.02 $37.30 $43.59 -34.70%
February, 2030 $44.15 $38.64 $44.35 -31.39%
March, 2030 $42.81 $41.99 $45.96 -33.47%
April, 2030 $43.24 $40.74 $44.14 -32.81%
May, 2030 $45.40 $41.20 $46.29 -29.45%
June, 2030 $44.19 $42.94 $45.69 -31.32%
July, 2030 $37.88 $37.01 $45.19 -41.14%
August, 2030 $40.34 $36.44 $40.38 -37.32%
September, 2030 $39.08 $37.81 $40.10 -39.28%
October, 2030 $39.74 $37.62 $43.17 -38.24%
November, 2030 $21.07 $19.02 $40.84 -67.25%
December, 2030 $13.00 $8.8205 $25.83 -79.80%
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Cap:     |  Volume (24h):