MGE Energy

Forecast & Rating5 analysts currently cover MGE Energy, with about 40.0% giving a positive rating — meaning they expect the stock to rise. The average price target is $76.80, about 8.6% upside from the current price of $70.73. Price targets are fairly clustered, pointing to relatively aligned views. Historically, about 85.2% of past price targets were eventually met, which adds credibility. For you, this means institutional views on MGE Energy are split — bulls and bears coexist, so you'll need to weigh it against your own judgment. Data as of Sep 25, 2026; for reference only and not investment advice.