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Idacorp, Inc (IDA) receives a Buy rating from Jefferies

In a filing, Idacorp, Inc revealed its SVP and COO (IPC) Richins Adam J unloaded Company’s shares for reported $0.17 million on Feb 24 ’25. In the deal valued at $113.95 per share,1,500 shares were sold. As a result of this transaction, Richins Adam J now holds 14,611 shares worth roughly $1.68 million.

Then, Richins Adam J bought 1,500 shares, generating $165,495 in total proceeds.

Before that, Hanchey James Bo D sold 1,500 shares. Idacorp, Inc shares valued at $142,632 were divested by the VP of Cust Op & CSO (IPC) at a price of $95.09 per share. As a result of the transaction, Hanchey James Bo D now holds 1,650 shares, worth roughly $0.19 million.

Jefferies upgraded its Idacorp, Inc [IDA] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. BofA Securities also remained covering IDA and has increased its forecast on November 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on November 01, 2024. It rated IDA as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of IDA

On Friday, Idacorp, Inc [NYSE:IDA] saw its stock jump 1.13% to $114.97. Over the last five days, the stock has lost -2.19%. Idacorp, Inc shares have risen nearly 5.21% since the year began. Nevertheless, the stocks have risen 18.84% over the past one year. While a 52-week high of $120.84 was reached on 04/03/25, a 52-week low of $90.64 was recorded on 01/13/25. SMA at 50 days reached $116.05, while 200 days put it at $109.61.

Levels Of Support And Resistance For IDA Stock

The 24-hour chart illustrates a support level at 113.70, which if violated will result in even more drops to 112.44. On the upside, there is a resistance level at 115.60. A further resistance level may holdings at 116.24. The Relative Strength Index (RSI) on the 14-day chart is 45.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.58%. Stochastics %K at 19.90% indicates the stock is a buying.

The most recent change occurred on September 20, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $110 price target.

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