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Investing.com - BTIG initiated coverage on Entergy Corp (NYSE:ETR) with a Buy rating and a price target of $111.00 on Wednesday. The stock, which has delivered a robust 46% return over the past year, is currently trading near its 52-week high of $98.58.
The research firm cited Entergy’s position as a regulated utility serving over three million retail customers across four states as a key factor in its assessment. With a market capitalization of $42.7 billion and a 38-year track record of consistent dividend payments, Entergy has demonstrated remarkable stability.
BTIG highlighted Entergy’s proactive approach to major utility industry trends, including datacenter growth, increasing power demand, and storm mitigation efforts.
These initiatives position the company to potentially exceed its projected earnings growth of more than 8% through 2028, according to BTIG’s analysis.
Despite this growth outlook, BTIG considers Entergy stock attractive at current price levels, supporting its Buy recommendation.
In other recent news, Entergy Corp has seen a series of updates from various analyst firms. BofA Securities raised its price target for Entergy to $97, maintaining a Neutral rating, and expects the company to report third-quarter 2025 operating earnings of $1.38 per share, which is below the previous year’s $1.50 per share and the consensus estimate of $1.43. BMO Capital also increased its price target to $104 with an Outperform rating, ahead of Entergy’s upcoming earnings report scheduled for October 29. Scotiabank upgraded Entergy to Sector Outperform, raising the price target to $105, highlighting Entergy’s strategic growth in the data center sector, including a notable arrangement with Meta in Louisiana. Jefferies initiated coverage with a Buy rating and a $109 price target, citing Entergy as a leading player in the AI data center space and forecasting a compound annual growth rate of 11-15% in EPS from 2024 to 2030. Mizuho raised its price target to $97 following Entergy’s second-quarter earnings report, which showed earnings of $1.05 per share, surpassing the consensus expectation of $0.91. These developments reflect Entergy’s strategic positioning and anticipated growth in the utility sector.
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