TD Securities Raises Suncor Energy (SU) PT to C$63 Following Strong Q2 Performance

Suncor Energy Inc. (NYSE:SU) is one of the most undervalued Canadian stocks to buy now. On August 6, TD Securities raised the price target on Suncor to C$63 from C$62, while keeping a Buy rating on the shares. This announcement followed Suncor’s Q2 2025 earnings report, when the company generated $2.7 billion in adjusted funds from operations and $1.0 billion in free funds flow.

Net earnings for the quarter were $1.134 billion, compared to $1.568 billion in the same period of 2024. The drop came from lower upstream price realizations.

TD Securities Raises Suncor Energy (SU) PT to C$63 Following Strong Q2 Performance

A close-up shot of a large pipeline pumping crude oil and pipe valves in a petroleum trust.

Suncor achieved a record second-quarter upstream production of 808,000 barrels per day (bbls/d) and a record H1 production of 831,000 bbls/d. Total Oil Sands bitumen production also hit a Q2 record of 860,800 bbls/d. E&P output increased to 59,700 bbls/d, which included increased production from the Hebron and White Rose fields. Downstream, the company achieved a record Q2 refinery throughput of 442,000 bbls/d, with a utilization rate of 95%, and a record H1 throughput of 462,000 bbls/d. Refinery product sales also set a second-quarter record at 600,500 bbls/d.

Suncor Energy Inc. (NYSE:SU) is an integrated energy company in Canada, the US, and internationally. It operates through Oil Sands, Exploration & Production, and Refining & Marketing segments.

While we acknowledge the potential of SU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SU and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.