Morgan Stanley Raises its Price Target on Edison International (EIX) to $68 from $61

Edison International (NYSE:EIX) is among the 10 High Growth S&P 500 Stocks to Buy Now.

Morgan Stanley, on February 20, 2026, raised its price target on Edison International (NYSE:EIX) to $68 from $61 while maintaining an Underweight rating. The firm said it is updating price targets across its Regulated & Diversified Utilities and IPPs coverage in North America and noted that utilities have underperformed the S&P this month. Looking ahead to Q4 earnings, Morgan Stanley expects a more balanced discussion around data center pipelines given rising affordability and political concerns.

That same day, TD Cowen analyst Shelby Tucker lifted the price target to $83 from $71 and kept a Buy rating. Shelby Tucker said Edison reported core EPS of $6.55, well above consensus and the initial guidance range. Management also introduced 2026 and 2027 guidance and reaffirmed its 5%–7% long-term growth target.

On February 18, 2026, Edison reported Q4 EPS of $1.86 versus $1.45 consensus and FY25 revenue of $19.32B compared with $18.45B consensus. President and CEO Pedro J. Pizarro said, “This year's results reflect the progress we're making to deliver a safer, more resilient, and more affordable energy system for customers,” pointing to more than 7,000 miles of covered conductor installed in high fire risk areas, or over 90% of the planned grid hardening effort. Pedro J. Pizarro added that safety and affordability remain central, noting a 2.3% residential rate decrease and a 5.3% reduction for small and medium-sized businesses.

Edison International (NYSE:EIX) engages in the generation and distribution of electric power and supplies electricity across a roughly 50,000 square-mile area of southern, central, and coastal California.

While we acknowledge the potential of EIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the

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