Entergy (ETR) Price Target Boosted at Morgan Stanley. Here is Why

Entergy Corporation (NYSE:ETR) is included among the 12 Best Utility Stocks to Buy Now According to Hedge Funds.

Entergy (ETR) Price Target Boosted at Morgan Stanley. 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 24, Morgan Stanley analyst David Arcaro lifted the firm’s price target on Entergy Corporation (NYSE:ETR) from $94 to $103, while reiterating an ‘Equal Weight’ rating on the shares. The target boost, which still indicates a downside of over 11% from the current levels, comes after Morgan Stanley updated its price objectives for Regulated & Diversified Utilities / IPPs in North America for the month of May.

The analyst firm noted that the utilities sector declined by 5.5% last month, significantly falling behind the gains of around 5.1% delivered by the overall S&P during the period.

In its latest earnings call, Entergy reaffirmed its adjusted earnings target of $4.25 to $4.45 per share for full-year 2026. Moreover, the utility raised its long-term adjusted EPS guidance, increasing its 2027 forecast by $0.20 and 2029 outlook by $0.50 to $6.40 per share. The improved guidance comes on the back of an expected 8.5% compound annual retail sales growth through 2029, including an annual industrial growth of 16%.

Entergy Corporation (NYSE:ETR) was also recently included in our list of the 13 Best Electrical Infrastructure Stocks to Buy in 2026.

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.

READ NEXT: 13 Best Electrical Infrastructure Stocks to Buy in 2026 and 12 Best American Oil Stocks to Buy Now

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