Barclays Reiterates Overweight Rating on Entergy Corp. (ETR)

Entergy Corp. (NYSE:ETR) is one of the 11 best regulated electric stocks to buy now.

On June 3, Barclays reduced the price target on Entergy Corp. (NYSE:ETR) from $124 to $119. The firm retained an Overweight rating on the stock. As per the firm, the stock performance has been lackluster since the first quarter’s report, making the June 9 analyst day backdrop more appealing. Barclays thinks Entergy shares are undervalued and provide strong value at the current level.

On May 29, Truist Financial adjusted its price target for Entergy Corp. (NYSE:ETR) to $127 from $130. This leads to a revised upside potential of almost 16% at the current level. The firm maintained a Buy rating on the shares.

Truist Financial expects Entergy to continue bringing in large load announcements over time. The firm noted that the overall data center project pipeline is not softening at all at this current stage. This structural strength remains highly visible even after fully accounting for the conversion of the large Meta Platforms expansion opportunity.

Entergy Corp. (NYSE:ETR) produces power from gas, hydro, solar, coal, and nuclear sources. The company serves both retail and wholesale customers, including utilities, power trading organizations, and cooperatives. The company also owns interests in non-nuclear power plants and offers decommissioning solutions to nuclear plant owners.

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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