Aspire Biopharma faces potential Nasdaq delisting after compliance shortfall
Investing.com - BofA Securities has raised its price target on Entergy Corp (NYSE:ETR) to $97.00 from $88.00 while maintaining a Neutral rating on the utility company’s stock. The stock, currently trading at $97.65 and near its 52-week high of $98.58, has delivered an impressive 31.55% return year-to-date.
The firm expects Entergy to report third-quarter 2025 operating earnings of $1.38 per share, compared to $1.50 per share in the same quarter last year and below the consensus estimate of $1.43 per share.
BofA Securities identified several positive factors for the quarter, including higher sales, rates, and other income, which are expected to be offset by increased operations and maintenance expenses, higher interest costs, MISO capacity expenses, and equity dilution.
The research firm anticipates Entergy will reaffirm its earnings per share guidance for 2025 through 2028, maintaining its projection of greater than 8% EPS growth and its $40 billion capital plan.
A more comprehensive update to Entergy’s financial metrics, including a roll-forward of guidance, is expected at the upcoming EEI conference, according to BofA Securities.
In other recent news, Entergy Corp has been the focus of several analyst updates and financial assessments. The company recently reported second-quarter earnings of $1.05 per share, surpassing the consensus estimate of $0.91 per share. This earnings performance led Mizuho to raise its price target for Entergy to $97, maintaining an Outperform rating. BMO Capital also increased its price target to $96, noting that the earnings exceeded both its own estimate and the consensus. Ahead of Entergy’s third-quarter earnings report, BMO Capital further raised its price target to $104, continuing its Outperform rating.
Scotiabank upgraded Entergy to Sector Outperform, increasing its price target to $105, citing the company’s strong positioning in the data center sector and its innovative arrangement with Meta in Louisiana. Jefferies initiated coverage with a Buy rating and a $109 price target, highlighting Entergy as the leading AI load play in the utilities sector, with a projected EPS compound annual growth rate of 11-15% from 2024 to 2030. These recent developments reflect Entergy’s strategic positioning and financial performance in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.