Entergy (ETR) Price Target Raised Following Q1 Earnings Beat

Web Desk May 11, 2026

0 1 1 minute read

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

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.

While we acknowledge the potential of ETR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None. Follow Insider Monkey on Google News.