Suncor Energy (SU) Price Target Bumped Up Amid Soaring Commodity Prices

Suncor Energy Inc. (NYSE:SU) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.

Suncor Energy (SU) Price Target Bumped Up Amid Soaring Commodity Prices

Suncor Energy Inc. (NYSE:SU) is a Canadian integrated energy company that extracts, produces, and provides energy from a mix of sources, ranging from oil sands to renewable fuels. The firm supplies and trades crude oil, natural gas, sulphur, and petroleum coke to mid-to large-sized businesses.

On April 14, JPMorgan raised its price target on Suncor Energy Inc. (NYSE:SU) from C$79 to C$105, while keeping an ‘Overweight’ rating on the shares. The bumped target, which reflects an upside potential of more than 21% from the current share price, comes as part of the analyst firm’s Q1 preview.

JPMorgan cited the soaring commodity prices amid the Middle East conflict as the primary reason behind the boost. The analyst expects a strong performance by Suncor Energy Inc. (NYSE:SU), both upstream and downstream, in its upcoming Q1 2026 report.

Suncor Energy Inc. (NYSE:SU) is targeting to repurchase C$3.3 billion of its shares in 2026, with expectations to return 100% of excess funds to shareholders. With an annual dividend yield of 2.79%, Suncor Energy Inc. (NYSE:SU) was recently included in our list of the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

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