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Investing.com - Jefferies raised its price target on Constellation Energy (NASDAQ:CEG) to $347.00 from $293.00 on Monday, while maintaining a Hold rating on the stock. The new target represents a 15% upside from the current price of $301.58. According to InvestingPro data, analyst targets for CEG range from $184.05 to $393.00, reflecting mixed views on the stock’s potential.
The research firm noted that CEG is currently pricing in approximately $142 per share in data center value, which represents about 47% of the stock’s current price. The stock has shown strong momentum, delivering a 75% return over the past year and trading near its 52-week high of $357.
Jefferies has adjusted its assumptions for Constellation’s nuclear portfolio, now assuming 75% for the "eligible" nuclear portfolio (excluding New York) or 13GW at $88/MWh and the remaining 5GWs at $80/MWh, plus Clinton/Crane PPAs.
Despite the significant increase in the price target, Jefferies considers Constellation Energy relatively expensive compared to its peers.
The firm indicated that the current valuation embeds "a very significant ’market share’ of future data center awards," though Constellation has a better profile following relative weakness. With a market capitalization of $94.2 billion, Constellation represents a significant player in the energy sector. Discover more detailed valuation metrics and 12 additional ProTips for CEG on InvestingPro.
In other recent news, Constellation Energy reported second-quarter 2025 adjusted earnings per share of $1.91, surpassing the consensus estimate of $1.85. The company also reaffirmed its full-year guidance range of $8.90 to $9.60. Following these results, several firms adjusted their price targets for Constellation Energy. BofA Securities raised its target to $374, while BMO Capital increased theirs to $375, both maintaining a Buy and Outperform rating, respectively. Mizuho also adjusted its price target to $335, keeping a Neutral rating. Raymond James set their price target at $393, highlighting the company’s position as the largest independent power producer in the U.S. Additionally, Melius Research initiated coverage with a Buy rating, citing Constellation’s leadership in nuclear power production. These developments reflect the company’s strong performance and its significant role in carbon-free power generation.
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