Enbridge (ENB) Price Target Increased to C$78 at Raymond James

Enbridge Inc. (NYSE:ENB) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Enbridge (ENB) Price Target Increased to C$78 at Raymond James

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

On March 30, Raymond James analyst Justin Jenkins slightly increased the firm’s price target on Enbridge Inc. (NYSE:ENB) from C$77 to C$78, while maintaining an ‘Outperform’ rating on the shares. The revised target indicates an upside of over 3% from the current share price.

Enbridge Inc. (NYSE:ENB) is targeting an EBITDA of between $20.2 billion and $20.8 billion and DCF in the range of $5.70 and $6.10 per share for the full-year 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. Enbridge is forecasting a 5% growth through the end of the decade, supported by the now $39 billion secured growth capital.

Enbridge Inc. (NYSE:ENB) was also recently included in our list of the 14 Best LNG Stocks to Buy 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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