TRANSALTA CORP (TAC) Forecast, Price Target & Analyst Ratings

NYSE:TAC • CA89346D1078

Current stock price

12.65 USD
+0.06 (+0.48%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TRANSALTA CORP (TAC).

Forecast Snapshot

Consensus Price Target

Price Target
$17.53
+ 38.54% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.06
Revenue Estimate
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$17.53
Upside
+ 38.54%
From current price of $12.65 to mean target of $17.53, Based on 18 analyst forecasts
Low
$11.72
Median
$18.12
High
$21.31

Price Target Revisions

1 Month
4.03%
3 Months
2.56%

Price Target Summary

18 Wall Street analysts provided a forecast for the next 12 months for TAC. The average price target is 17.53 USD. This implies a price increase of 38.54% is expected in the next year compared to the current price of 12.65.
The average price target has been revised upward by 2.56% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TAC Current Analyst RatingTAC Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

TAC Historical Analyst RatingsTAC Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
TAC was analyzed by 18 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about TAC.
In the previous month the buy percentage consensus was at a similar level.
TAC was analyzed by 18 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-24RBC CapitalReiterate Outperform -> Outperform
2025-10-14JefferiesMaintains Buy -> Buy
2025-08-05TD SecuritiesMaintains Buy -> Buy
2025-07-18ScotiaBankUpgrade Sector Perform -> Sector Outperform
2025-05-08RBC CapitalMaintains Outperform -> Outperform
2025-02-18CIBCUpgrade Neutral -> Outperformer
2022-12-16RBC CapitalMaintains Outperform
2021-08-12National Bank FinancialMaintains Sector Perform
2021-08-11National Bank FinancialUpgrade
2021-08-11RBC CapitalMaintains Outperform
2021-08-11CIBC World MarketsUpgrade Outperform
2021-08-11BMO Capital MarketsUpgrade
2021-08-11TD SecuritiesUpgrade Outperform
2021-08-10CIBC World MarketsMaintains Outperform
2021-07-21CIBC World MarketsUpgrade Outperform
2021-06-01BMO Capital MarketsUpgrade Outperform
2021-05-25Credit SuisseUpgrade Sector Perform
2021-05-14RBC CapitalUpgrade Outperform
2021-05-14CIBC World MarketsMaintains Outperform
2021-05-14BMO Capital MarketsUpgrade Market Perform
2021-05-04CIBC World MarketsMaintains Outperform
2021-04-20CIBC World MarketsUpgrade Outperform
2021-04-16SbankUpgrade Outperform
2021-03-26RBC CapitalMaintains Outperform
2021-03-10National BankDowngrade SECTOR PERFORM

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.06
Revenue Estimate
N/A
Revenue Q2Q
N/A
EPS Q2Q
-35.63%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
-7.41%
EPS (3 Months)
-20.38%

Next Earnings Summary

TAC is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.06 USD and the consensus revenue estimate is null USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2029

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029
Revenue
YoY % growth
TAC revenue by date.TAC revenue by date.
3.355B
12.74%		2.845B
-15.20%		2.405B
-15.47%		2.1B
-12.68%		2.272B
8.19%		2.584B
13.73%		N/A
EBITDA
YoY % growth
TAC ebitda by date.TAC ebitda by date.
1.662B
45.92%		1.186B
-28.64%		706M
-40.47%		1.014B
43.63%		1.1B
8.48%		1.237B
12.45%		1.417B
14.55%
EBIT
YoY % growth
TAC ebit by date.TAC ebit by date.
1.041B
92.78%		655M
-37.08%		127M
-80.61%		471.57M
271.31%		537.49M
13.98%		647.95M
20.55%		N/A
Operating Margin
TAC operating margin by date.TAC operating margin by date.
31.03%23.02%5.28%22.46%23.66%25.08%N/A
EPS
YoY % growth
TAC eps by date.TAC eps by date.
2.47
24,600.00%		0.56
-77.33%		0.20
-64.29%		0.18
-9.82%		0.53
191.38%		1.00
90.51%		N/A

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.06
-35.63%		0.17
-7.01%		-0.03
-41.62%		0.00
104.29%		0.15
140.00%		0.14
-13.85%		0.15
645.45%		0.13
5,100.00%		0.22
40.00%		0.48
230.71%		0.03
-78.00%		0.26
96.92%
Revenue
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EBITDA
Q2Q % growth		241.57M
-7.44%		291.24M
-5.13%		233.32M
-50.25%		257.02M
-52.58%		277.38M
14.82%		300.33M
3.12%		257.16M
10.22%		288M
12.05%		311.61M
12.34%		370.03M
23.21%		291.54M
13.37%		345.34M
19.91%
EBIT
Q2Q % growth		77.25M
-32.83%		154.5M
1,304.55%		110.73M
191.39%		114.85M
410.41%		N/AN/AN/AN/AN/AN/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TAC Yearly Revenue VS EstimatesTAC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
TAC Yearly EPS VS EstimatesTAC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
71.06%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-2.63%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
28.25%
EBIT Next 5 Year
24.68%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TRANSALTA CORP / TAC Forecast FAQ

What is the average price target for TRANSALTA CORP (TAC) stock?

18 analysts have analysed TAC and the average price target is 17.53 USD. This implies a price increase of 38.54% is expected in the next year compared to the current price of 12.65.

When does TRANSALTA CORP (TAC) report earnings?

TRANSALTA CORP (TAC) will report earnings on 2026-05-06.

What is the number of analysts for TAC stock?

The number of analysts covering TRANSALTA CORP (TAC) is 18.