Analyst Trims Price Target on Entergy (ETR). Here is Why

Entergy Corporation (NYSE:ETR) is included among the 13 Best Electrical Infrastructure Stocks to Buy in 2026.

Analyst Trims Price Target on Entergy (ETR). Here is Why

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Entergy Corporation (NYSE:ETR) is an integrated US energy company that provides electricity to more than 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

On June 10, BMO Capital lowered its price target on Entergy Corporation (NYSE:ETR) from $127 to $123, while keeping an ‘Outperform’ rating on the shares. The trimmed target still represents an upside of over 10% from the current levels.

According to BMO Capital, Entergy gave a meaningful update on its previously announced agreement with Meta during the Q1 earnings call, but kept subsequent disclosures relatively limited.

In late March, Entergy Corporation (NYSE:ETR) announced a new Electric Service Agreement with Meta for another data center in North Louisiana. According to the company, the Fair Share value from this agreement alone is expected to be $2 billion. The investment includes 7 new combined cycle units, transmission infrastructure, and battery storage facilities. The cost of the proposed facilities will be covered by payments from the tech giant.

While we acknowledge the risk and potential of ETR 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 ETR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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