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.

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