How The Evergy (EVRG) Investment Story Is Shifting As Analyst Views Diverge

Simply Wall St

Mon, February 23, 2026 at 10:09 AM GMT+9 3 min read

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Evergy’s updated fair value estimate has shifted to US$85.68 from US$84.05, while some external price targets have moved in different directions, including one raise to US$95 and a separate cut of US$2 from a major firm. That split mirrors the mixed research you are seeing, with bullish analysts lifting targets and maintaining positive ratings, and more cautious voices trimming expectations or downgrading. Read on to see how you can make sense of this evolving narrative and what it could mean for your own view on Evergy.

Stay updated as the Fair Value for Evergy shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Evergy.

What Wall Street Has Been Saying

🐂 Bullish Takeaways

Citi lifted its Evergy price target to US$95 from US$89 and kept a Buy rating, which points to a more constructive view on valuation and the company’s ability to execute on its plans.

Barclays and Wells Fargo each raised their price targets by US$2, signaling support for Evergy’s current positioning and potential for steady progress rather than a major reset.

🐻 Bearish Takeaways

RBC Capital reduced its price target by US$2, suggesting a more restrained view on upside and a closer focus on risks to the existing investment case.

UBS recently downgraded Evergy, which adds a counterweight to the bullish calls and highlights concerns around how much of the story may already be reflected in the share price.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives!

NasdaqGS:EVRG 1-Year Stock Price Chart

We’ve flagged 2 risks for Evergy. See which could impact your investment.

How This Changes the Fair Value For Evergy

Fair value estimate is now US$85.68, up from US$84.05, an increase of about 2%.

Assumed revenue growth rate is now 5.48%, easing from 5.83% in the prior forecast.

Forecast net profit margin is now 18.07%, compared with 17.31% previously.

Future P/E multiple is now 19.08x, edging down from 19.62x.

Discount rate is essentially unchanged at 6.98%.

Never Miss an Update: Follow The Narrative

Narratives link a company’s real world story to a financial forecast and fair value, so you can see how new information filters into the outlook. They refresh as analysts update their assumptions on growth, risks, and capital needs.

Head over to the Simply Wall St Community and follow the Narrative on Evergy to stay up to date on:

Story Continues  

How expected load growth from large data centers, advanced manufacturing projects such as Panasonic’s EV battery plant, and other commercial users could influence Evergy’s revenue and earnings profile through 2029.

The role of grid modernization, new natural gas and solar generation, plus supportive regulation in Kansas and Missouri in shaping Evergy’s long term capital investment plans and earnings stability.

Key risks such as large equity funding needs, reliance on a small number of major customers, potential regulatory limits on returns, execution risk on major projects, and Evergy’s geographic concentration in Kansas and Missouri.

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include EVRG.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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