Energy Transfer (ET) Price Target Raised by Analysts

Energy Transfer LP (NYSE:ET) is included among the 14 Best Oil and Gas Stocks to Buy According to Hedge Funds.

Energy Transfer LP (NYSE:ET) is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major US production basins.

On May 27, Morgan Stanley boosted its price target on Energy Transfer LP (NYSE:ET) from $21 to $23, while keeping an ‘Equal Weight’ rating on the shares. The revised target reflects an upside potential of over 20% from the current share price.

Similarly, earlier on May 13, BofA also bumped up its price target on Energy Transfer LP (NYSE:ET) by $2, while maintaining its ‘Buy’ rating (read more details here).

The bullish sentiment comes despite Energy Transfer LP (NYSE:ET) falling behind profit estimates in its Q1 report earlier this month. However, the company’s revenue surged by over 32% YoY and exceeded expectations. Moreover, its DCF attributable to partners and adjusted EBITDA also surged by 17% and 20% compared to last year, respectively.

Notably, Energy Transfer LP (NYSE:ET) raised its guidance for the full-year 2026. The midstream operator now expects its adjusted EBITDA for the year to range between approximately $18.2 billion and $18.6 billion, up from its previous range of around $17.45 billion and $17.85 billion. Moreover, the company now expects its 2026 organic growth capital guidance to be between approximately $5.5 billion and $5.9 billion, compared to its prior range of $5 billion to $5.5 billion.

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