Key Highlights

● AEP closed at $122.81 on 9 October 2026, and the $139.62 consensus target implies upside of about 13.7%.

● The consensus draws on 22 analysts, with targets from $122 to $154, while the second data set shows a $142.53 mean from 23 analysts.

● Market data shows 13 Buy and nine Hold ratings with no Sell, a Moderate Buy consensus.

● Scotiabank cut its target to $131 from $140 on 30 September, and Morgan Stanley cut to $128 from $135 on 18 September.

American Electric Power Company, Inc. (NASDAQ:AEP), a member of both the S&P 500 and the Nasdaq-100, closed at $122.81 on Friday 9 October 2026. The utility is covered by more than twenty analysts, whose targets sit above the current price but have mostly been trimmed in recent weeks.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $139.62 from 22 analysts, implying upside of about 13.7% from the $122.81 close. Its targets range from $122 to $154. The second data set shows a mean of $142.53, a median of $141 and a range of $128 to $173, based on 23 analysts, with its price dated 7 October.

The two means are within about two per cent of each other, and the recent named targets, between $128 and $154, support both.

What Are Wall Street Analysts Saying?

Market data records 13 Buy and nine Hold ratings with no Sell ratings, a Moderate Buy consensus. The second data set shows ten Strong Buy, three Buy and ten Hold, again with no Sell ratings.

Most recent target changes have been reductions. Scotiabank lowered its Sector Perform target from $140 to $131 on 30 September 2026, and Morgan Stanley cut its Overweight target from $135 to $128 on 18 September. Truist trimmed its Buy target from $146 to $139 in August, Citigroup moved its Neutral target from $148 to $142, Barclays cut its Equal Weight target from $138 to $129 and Mizuho lowered its Neutral target from $141 to $135. UBS set a $139 target on 21 September. Wells Fargo and TD Cowen maintained Buy ratings with targets of $148 and $149, while Jefferies raised its Buy target from $147 to $154 on 1 July.

What Could Help the Stock Reach the Price Target?

The shares would need to rise by about 14% to reach the consensus. A Buy-leaning rating split and still-elevated targets from firms such as Jefferies, Wells Fargo, TD Cowen and Goldman Sachs show that a good part of the analyst community remains constructive. Market data also reports a quarterly dividend of $0.95 per share. Any improvement in the company's results or guidance, or a more supportive backdrop for utility valuations, could encourage analysts to stop cutting targets.

What Could Prevent the Stock Reaching the Target?

The trend of target reductions is the main concern, since a continued run of cuts would pull the average closer to the share price. Several brokers hold neutral ratings, and the lowest market data target of $122 is almost identical to the current price. Regulated utilities are sensitive to interest rates, financing needs and regulatory decisions, and these factors can affect valuations.

What Should Investors Watch Next?

Items to watch include whether broker targets stabilise after the September reductions, and whether the share price moves relative to the low end of the target range, around $122 to $128.

American Electric Power Keeps Its Premium to Targets as Cuts Test the Buy Lean

American Electric Power closed at $122.81 on 9 October 2026, with the $139.62 consensus target about 13.7% above it and the second data set's $142.53 mean higher still. Buy-leaning ratings and elevated targets from Jefferies, Wells Fargo and TD Cowen, between $148 and $154, show a constructive core, but Scotiabank, Morgan Stanley, Citigroup, Barclays and Mizuho have all trimmed their targets, and the lowest target of $122 is almost identical to the share price. A quarterly dividend of $0.95 per share is the other fixed point for a regulated utility sensitive to interest rates and regulatory decisions.