Goldman Sachs cuts target to USD 20.00 for PG&E Corporation stock

Published on 10/17/2026 at 22:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PG&E Corporation stock was at USD 13.09 on October 16, 2026 at 4:00 p.m. ET. Results follow October 22 after USD 5.90 billion revenue.

Analyst view and upcoming results

Goldman Sachs lowered its PG&E target to USD 20.00 on October 15, 2026.
PG&E Corporation will discuss third-quarter results on October 22, 2026, after USD 5.90 billion of second-quarter revenue.
PG&E Corporation stock was at USD 13.09 at 4:00 p.m. ET on October 16, 2026.
PG&E carried a P/E ratio of 9.55 and a market capitalization of USD 35.1 billion as of October 16, 2026.

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Goldman Sachs analyst Carly Davenport cut the target for PG&E Corporation from USD 23.00 to USD 20.00 on October 15, 2026, while maintaining a Buy rating, according to Moomoo News. The new target stood 52.79 percent above the USD 13.09 price. PG&E Corporation stock was at USD 13.09 on October 16, 2026 at 4:00 p.m. ET.

Target remains above the market price

The Goldman Sachs target is the most recent dated analyst figure in the reviewed period. It places the utility's target 52.79 percent above the last reported home-exchange price, a gap that gives investors a concrete valuation reference without implying a forecast.

PG&E Corporation's next scheduled reporting event is the third-quarter 2026 earnings release and conference call on October 22, 2026. The company announced the date in a September 24, 2026 release, which also identifies the listing as the New York Stock Exchange under ticker PCG, according to PG&E Corporation.

Second-quarter figures set the comparison

For the second quarter ended June 30, 2026, revenue reached USD 5.90 billion and earnings per share came to USD 0.33, up from USD 0.24 in the year-earlier quarter. Net income was reported at USD 733.0 million. These figures were reported by Simply Wall St.

Comparison with peers

PG&E Corporation (NYSE, USD): P/E 9.55, market capitalization USD 35.1 billion.

Edison International (NYSE, USD): P/E 5.77, market capitalization USD 21.5 billion.

Ameren Corporation (NYSE, USD): P/E 18.68, market capitalization USD 29.4 billion.

Price and valuation

PG&E Corporation's USD 13.09 price sat within its USD 11.77 to USD 19.16 52-week range on October 16, 2026. The level was 31.68 percent below the 52-week high and 11.24 percent above the 52-week low. Market capitalization was USD 35.1 billion and the trailing P/E ratio was 9.55 on that date.

At Lang & Schwarz, the latest euro indication was dated October 16, 2026. The home-exchange price remained the usable dated market reference for this report because the U.S. session had completed on that date.