American Electric Power Rose 22% in the Last 6 Months. Here’s Where the Stock Could Go in 2026

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American Electric Power (AEP) stock has risen 22% in the last six months, driven by increased earnings visibility and rising electricity demand from data centers and AI. The company reported strong Q4 2025 operating EPS and reaffirmed its long-term growth outlook, leading several Wall Street firms to raise their price targets. A valuation model suggests AEP could be modestly undervalued, with a target price of $153, implying a 16% upside from its current trading price.

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