Entergy

ETR · NYSE

$105.16+$1.36 (+1.31%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $103.80

ETR analyst rating

BuyConsensus of 17 analysts over the last 12 months. 82% rate it a buy.

Strong buy0
Buy14
Hold3
Underperform0
Sell0

12-month price target · 22 analysts

Average $124.03 (+17.9% upside)

Low: $93.75
Now: $105.16
High: $139.65

Upgrades and downgrades

The latest rating actions, newest first

ETR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Overweight	$128.00 → $115.00	51%
JP Morgan	Oct 13, 2026	Maintains	Overweight	$137.00 → $130.00	57%
Keybanc	Oct 13, 2026	Maintains	Overweight	$123.00 → $118.00	53%
Truist Securities	Oct 12, 2026	Maintains	Buy	$122.00 → $119.00	42%
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$105.00 → $98.00	58%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$109.00 → $105.00	58%
Evercore ISI Group	Aug 17, 2026	Maintains	Outperform	$121.00 → $128.00	17%
Truist Securities	Aug 13, 2026	Maintains	Buy	$129.00 → $122.00	42%
BMO Capital	Jul 22, 2026	Maintains	Outperform	$123.00 → $124.00	59%
JP Morgan	Jul 16, 2026	Maintains	Overweight	$129.00 → $139.00	57%

The case for and against

Updated Oct 10, 2026

Bull case

Entergy is benefiting from rare beat-and-raise execution among regulated utilities, with 1Q26 EPS of $0.86 topping consensus and management repeatedly lifting its outlook as demand from Meta expands. The late March partnership to scale to 5GW of data center capacity drove a $14B, or 33%, increase in the 2026-2029 capex plan to $57B, while nearly $3B of customer savings tied to Meta and about $7B overall strengthen the affordability case. With 2027-2029 EPS midpoint increases of 4.1%, 6.5%, and 8.5% and a 2025-2029 EPS CAGR of 13.1%, the company combines unusually fast regulated growth, supportive recovery mechanisms, and disciplined financing with equity needs of $6.6B.

Bear case

Entergy is viewed negatively because its growth story has become increasingly dependent on a concentrated Meta relationship and a likely AP1000 nuclear new build, both of which heighten execution, regulatory, and customer-concentration risk. The company’s large generation and transmission capex program, plus elevated climate exposure along the Gulf Coast, could strain affordability in Louisiana and Texas and complicate recovery of spending even after more than $3.7 billion of deferred storm costs was securitized. While a 20-year ESA, accelerated depreciation, and a longer non-renewal notice reduce some risk, the stock already trades at a 20%+ P/E premium to average electric utilities on 2028 estimates, leaving limited margin of safety.

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