Entergy (ETR) Price Target Raised Following Q1 Earnings Beat

Entergy Corporation (NYSE:ETR) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

Entergy (ETR) Price Target Raised Following Q1 Earnings Beat

Entergy Corporation (NYSE:ETR) delivers electricity and gas services to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

On May 5, Citi bumped up its price target on Entergy Corporation (NYSE:ETR) from $116 to $121, while keeping a ‘Neutral’ rating on the shares. The revised target, which reflects an upside of 8% from the current share price, comes after the utility topped profit estimates in its Q1 2026 report on April 29.

Entergy Corporation (NYSE:ETR) also reaffirmed its adjusted earnings target of $4.25 to $4.45 per share for FY 2026. Moreover, the company increased its long-term adjusted EPS guidance, raising its 2027 outlook by $0.20 and its 2029 outlook by $0.50 to $6.40 per share. This is driven by an expected 8.5% compound annual retail sales growth through 2029, including an annual industrial growth of 16%. To keep up with the soaring demand, Entergy also raised its 4-year capital plan to $57 billion, up from the $43 billion it announced in the last quarter.

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