PPL Corporation (NYSE:PPL<\/strong>) is one of the top utility stocks to buy now<\/strong>. On April 13, Jefferies analysts reiterated their Buy rating on PPL Corporation (NYSE:PPL) and raised the stock\u2019s price target to $48 from $40. The bullishness underscores the research firm\u2019s confidence of a potential positive settlement in a rate case in Pennsylvania.<\/p>\n In addition, Jefferies remains optimistic about new development opportunities in the company\u2019s joint venture with Blackstone. The research firm sees a 6% earnings-per-share upside to 16 cents, given strong capital expenditure opportunities. The company is making significant progress on its Blackstone joint venture, which could deliver 2 gigawatts and be worth 2 cents a share.<\/p>\n On April 13, Wolfe Research raised its price target for PPL Corp. (NYSE:PPL) to $44 from $42, while maintaining an Outperform rating, citing the company\u2019s strong progress in overcoming regulatory challenges. The research firm also touted progress toward achieving a 10% compound annual growth rate in rate base.<\/p>\n PPL Corporation (NYSE:PPL) is a major U.S. utility holding company that generates, transmits, and distributes electricity and natural gas to over 3.6 million customers. Based in Allentown, Pennsylvania, PPL focuses on modernizing energy grids, providing reliable power, and transitioning to cleaner energy sources, aiming for net-zero emissions by 2050.<\/p>\n While we acknowledge the potential of PPL 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\u00a0best short-term AI stock<\/strong>.<\/p>\n<\/div>\n<\/div>