Entergy (ETR) Price Target Trimmed by $7

Entergy Corporation (NYSE:ETR) is included among the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.Entergy (ETR) Price Target Trimmed by $7

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

On May 21, Morgan Stanley trimmed its price target on Entergy Corporation (NYSE:ETR) from $101 to $94, but maintained an ‘Equal Weight’ rating on the shares. The revision comes after the analyst firm adjusted its price targets for Regulated & Diversified Utilities / IPPs in North America for April. The analyst noted that utilities underperformed the broader market during the month, delivering gains of only 2% against the 10.4% posted by the overall S&P.

The move comes despite Entergy Corporation (NYSE:ETR) exceeding profit estimates in its Q1 2026 report last month. The utility reaffirmed its adjusted earnings target of $4.25 to $4.45 per share for FY 2026. Moreover, it increased its long-term adjusted EPS guidance, raising its 2027 outlook by $0.20 and its 2029 forecast by $0.50 to $6.40 per share. The raised guidance comes on the back of an expected 8.5% compound annual retail sales growth through 2029, including an annual industrial growth of 16%.

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.

READ NEXT: 12 Best LNG Stocks to Buy in 2026 and 10 Best Clean Energy Stocks to Buy Right Now

Disclosure: None. Follow Insider Monkey on Google News.

View Comments