Enbridge (ENB) Price Target Bumped Up by $5 as Business ‘Remains Steady’

Enbridge Inc. (NYSE:ENB) is included among the 14 Best Infrastructure Stocks to Buy Now.

Enbridge (ENB) Price Target Bumped Up by $5 as Business 'Remains Steady'

Enbridge Inc. (NYSE:ENB) is a midstream energy operator that focuses on transporting and distributing oil, natural gas, and natural gas liquids.

On April 7, Barclays raised its price target on Enbridge Inc. (NYSE:ENB) from C$68 to C$73, but kept its ‘Equal Weight’ rating on the shares. According to the analyst firm, the midstream giant’s base business “remains steady” as we head towards its Q1 2026 report.

Enbridge Inc. (NYSE:ENB) is projecting an EBITDA in the range of $20.2 billion and $20.8 billion and DCF in the range of $5.70 and $6.10 per share for FY 2026. The company expects to reach FID on another $10 billion to $20 billion of growth projects over the next two years, building on its $39 billion backlog that extends through 2033. The midstream firm has a 5% growth target through the end of the decade, supported by the now $39 billion secured growth capital.

Enbridge Inc. (NYSE:ENB) also boasts the coveted title of a dividend aristocrat, having raised its annual dividend for 31 consecutive years. With an impressive annual dividend yield of 5.37%, ENB was recently included in our list of the 15 Best High Yield Energy Stocks to Buy Right Now.

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

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