Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, CMS Energy Corporation (CMS) has a Wall Street consensus price target of $79.63, based on estimates from 29 covering analysts. With the stock currently trading at $78.07, this represents a potential upside of +2.0%. The company has a market capitalization of $6.57B.
Analyst price targets range from a low of $77.00 to a high of $82.00, representing a 6% spread in expectations. The median target of $79.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 17 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CMS trades at a trailing P/E of 22.1x and forward P/E of 20.2x. The forward PEG ratio of 3.37 reflects a premium valuation. Analysts expect EPS to grow +11.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $87.45, with bear and bull scenarios of $55.37 and $134.82 respectively. Model confidence stands at 59/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus price target for CMS is $79.63, close to the current price of $78.07 (2.0% implied move). Based on 29 analyst estimates, the stock appears fairly valued near current levels.
CMS has a consensus rating of "Buy" based on 29 Wall Street analysts. The rating breakdown is predominantly bullish, with 17 Buy/Strong Buy ratings. The consensus 12-month price target of $79.63 implies 2.0% upside from current levels.
CMS trades at a forward P/E of 20.1627x, representing a moderate valuation. With analysts targeting $79.63 (2.0% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $82 for CMS, while the most conservative target is $77. The consensus of $79.63 represents the median expectation. Our quantitative valuation model projects a bull case target of $135 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CMS is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 12 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CMS stock forecast based on 29 Wall Street analysts shows a consensus price target of $79.63, with estimates ranging from $77 (bear case) to $82 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $87, with bear/bull scenarios of $55/$135.
Our quantitative valuation model calculates CMS's fair value at $87 (base case), with a bear case of $55 and bull case of $135. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 59/100.
CMS trades at a forward P/E ratio of 20.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
CMS appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $79.63 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CMS analyst price targets range from $77 to $82, a 6% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $79.63 consensus represents the middle ground. Our model's $55-$135 range provides an independent fundamental perspective.