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Analyst Initiates Energy Transfer (ET) with ‘Buy’ Rating, $23 PT

Energy Transfer LP (NYSE:ET) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Energy Transfer LP (NYSE:ET) is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major US production basins.

On March 24, Truist initiated coverage of Energy Transfer LP (NYSE:ET) with a ‘Buy’ rating and a price target of $23, indicating an upside potential of over 17% from the current share price.

Trust noted how Energy Transfer LP (NYSE:ET) owns one of the most strategically positioned and diversified midstream systems in the US, spanning Permian crude oil, NGL export infrastructure, interstate natural gas transmission, and LNG feedgas optionality. The company is also now increasingly involved in power generation tied to the datacenter demand from hyperscalers.

The analyst firm believes that the combination of structural volume growth, improving balance sheet discipline, and new power-related demand should sustain the midstream operator’s re-rating and allow it to grow its EBITDA in the long-term.

In February, Energy Transfer LP (NYSE:ET) raised its 2026 adjusted EBITDA to a range of $17.45 billion to $17.85 billion, up from the previous $17.3 billion to $17.7 billion. The increase is primarily driven by the company’s affiliate, USA Compression’s acquisition of J-W Power Company, which closed in January this year.

While we acknowledge the risk and potential of ET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ET and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best Energy Stocks to Buy According to Wall Street Analysts and 8 Best Oil and Gas Penny Stocks to Buy Now

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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