KMI trades 16.1% below Wall Street's consensus target of $36.67.
Last 12 months price action with 12-month analyst target path
The base valuation assumes KMI achieves its forward estimates and maintains a stable P/E multiple of 21.6x. This scenario reflects the blended consensus of 34 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Kinder Morgan, Inc. (KMI) has a Wall Street consensus price target of $36.67, based on estimates from 34 covering analysts. With the stock currently trading at $31.59, this represents a potential upside of +16.1%. The company has a market capitalization of $70.28B.
Analyst price targets range from a low of $32.00 to a high of $43.00, representing a 30% spread in expectations. The median target of $35.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 16 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, KMI trades at a trailing P/E of 23.1x and forward P/E of 21.6x. The forward PEG ratio of 0.22 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -1.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $26.17, with bear and bull scenarios of $16.49 and $34.48 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
WMBThe Williams Companies, Inc. | $89.4B | $73.12 | $83.75 | +14.5% | Buy | 30.9x | 34 |
ETEnergy Transfer LP | $64.5B | $18.75 | $23.00 | +22.7% | Buy | 12.8x | 33 |
EPDEnterprise Products Partners L.P. | $79.1B | $36.60 | $39.25 | +7.2% | Buy | 12.6x | 45 |
TRGPTarga Resources Corp. | $55.5B | $258.58 | $276.00 | +6.7% | Buy | 23.9x | 34 |
OKEONEOK, Inc. | $53.6B | $85.03 | $92.50 | +8.8% | Hold | 14.9x | 39 |
PAAPlains All American Pipeline, L.P. | $15.1B | $21.34 | $24.29 | +13.8% | Buy | 13.5x | 42 |
MPLXMPLX Lp | $57.7B | $56.84 | $60.25 | +6.0% | Buy | 13.2x | 28 |
DTDynatrace, Inc. | $12.1B | $41.42 | $46.41 | +12.0% | Buy | 21.3x | 34 |
XOMExxon Mobil Corporation | $584.0B | $137.81 | $170.08 | +23.4% | Hold | 12.5x | 55 |
CVXChevron Corporation | $346.5B | $173.63 | $200.13 | +15.3% | Buy | 12.1x | 53 |
Quick answers to the most common questions about buying KMI stock.
Kinder Morgan, Inc. (KMI) has a consensus 12-month price target of $36.67, implying 16.1% upside from $31.59. The 34 analysts covering KMI see moderate appreciation potential.
KMI has a consensus rating of "Hold" based on 34 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $36.67 implies 16.1% upside from current levels.
KMI trades at a forward P/E of 21.5779x, representing a moderate valuation. With analysts targeting $36.67 (16.1% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $43 for KMI, while the most conservative target is $32. The consensus of $36.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $34 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
KMI is heavily covered by Wall Street, with 34 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 17 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month KMI stock forecast based on 34 Wall Street analysts shows a consensus price target of $36.67, with estimates ranging from $32 (bear case) to $43 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $26, with bear/bull scenarios of $16/$34.
Our quantitative valuation model calculates KMI's fair value at $26 (base case), with a bear case of $16 and bull case of $34. 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 46/100.
KMI trades at a forward P/E ratio of 21.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.1x. 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.
Wall Street analysts are optimistic on KMI, with a "Hold" consensus rating and $36.67 price target (16.1% upside). 16 of 34 analysts rate it Buy or Strong Buy. 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.
KMI analyst price targets range from $32 to $43, a 30% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.67 consensus represents the middle ground. Our model's $16-$34 range provides an independent fundamental perspective.
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