Morgan Stanley Raises IDACORP (IDA) Price Target to $144
Key Points
- Morgan Stanley maintained its Overweight rating on IDACORP, Inc. on October 21, 2026, while bumping its price target from $143.00 to $144.00.
- Morgan Stanley's $144 price target implies 2.32% upside from IDACORP, Inc.'s ($IDA) current $140.74 share price.
- The regulated electric utility recently traded around $140.74, sitting above its 50-day and 200-day moving averages as it heads toward its upcoming earnings report.
- Wall Street maintains a consensus buy recommendation on the stock with a mean price target of $151.44.
Since the rating, $IDA is up 1.4% to date (from the $138.59 close on Oct 21, 2026).
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Morgan Stanley reaffirmed its Overweight rating on IDACORP, Inc. (NYSE: IDA) on October 21, 2026, while slightly raising its price target from $143.00 to $144.00. The research note reflects the firm's forward-looking perspective on the regulated electric utility.
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Morgan Stanley's Call on IDACORP, Inc.
In its research note published on October 21, 2026, Morgan Stanley kept an Overweight stance on the Boise-based utility provider and nudged its price target up by a dollar to $144.00. This update follows a series of recent adjustments by the firm, including a target of $143.00 on September 18, 2026, and $151.00 on August 21, 2026. Barclays also covers the name, having maintained an Overweight rating with a target of $149.00 on October 9, 2026, after previously holding a $162.00 target in August.
Other Institutional Activity in IDACORP, Inc.
Institutional investors continue to manage their utility holdings alongside shifting analyst views. Reaves (W.H.) & Company, Inc. reduced its holdings by 30,428 shares during the quarter ended June 30, 2026, finishing the period with 1,770,065 shares valued at about $249,118,957.
IDACORP, Inc. Stock Up 1.6%
IDACORP stock recently traded around $140.74. That puts the shares roughly 3.9% above their 50-day moving average of $135.40 and about 0.3% above their 200-day moving average of $140.39. The shares sit 9.1% below their 52-week high of $154.91 and 13.4% above their 52-week low of $124.12.
$IDA price target
IDACORP, Inc. daily closes and this analyst's $144 target. Not advice.
Recent Earnings
The utility provider generated $1,802,868,992 in trailing-twelve-month revenue alongside earnings of $6.03 per share. Investors will look toward the upcoming earnings release on October 29, 2026, for fresh details on operational performance.
Dividend
The company pays an annual dividend of $3.60 per share, which translates to a dividend yield of 2.6%. IDACORP currently distributes 58.0% of its earnings as dividends to shareholders.
Insider Buying and Selling at IDACORP, Inc.
Company insiders executed several sales earlier in the year. Officer Mitchel D. Colburn sold 1,300 shares on February 23, 2026, at an average price of $142.65 for a total of $185,439. Timothy E. Tatum sold 1,479 shares on March 3, 2026, at $142.51 per share, totaling $210,772. Later, James Bo D. Hanchey sold 1,500 shares on May 29, 2026, at $140.95, while Adam Jared Richins sold 1,500 shares on June 10, 2026, at $142.03.
Analysts Set New Price Targets
Across Wall Street, the stock carries a consensus buy rating from nine analysts. The mean price target sits at $151.44, with individual targets ranging from a low of $144.00 to a high of $161.00.
About IDACORP, Inc.
IDACORP, Inc. is a utility holding company that operates through its principal subsidiary to generate, transmit, distribute, and sell electric energy. Based in Idaho, the enterprise runs numerous hydropower generating facilities, natural gas-fired plants, and holds joint interests in thermal power generation assets across Western states.
Bottom Line
Morgan Stanley's updated target keeps attention on the utility as market participants await the upcoming financial results. Investors will monitor the October 29, 2026 earnings report for updates on regulated operations and demand trends.
Related Filing Alerts
Source: Morgan Stanley's rating change on $IDA (Oct 21, 2026). Written by software, not financial advice. How we make alerts