On May 2, 2025, TC Energy (TRP, Financial) received an upgrade from CIBC, with analyst Robert Catellier raising the stock's price target. The updated target price is CAD 76.00, up from the previous CAD 71.00.
This adjustment represents a 7.04% increase in the price target. The analyst also changed the stock rating from 'Neutral' to 'Outperformer', reflecting increased confidence in TC Energy's (TRP, Financial) performance on the TSX.
Investors following TC Energy (TRP, Financial) on the Toronto Stock Exchange should note this revised outlook as a positive development for the company's stock potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for TC Energy Corp (TRP, Financial) is $50.99 with a high estimate of $54.22 and a low estimate of $42.90. The average target implies an upside of 1.27% from the current price of $50.35. More detailed estimate data can be found on the TC Energy Corp (TRP) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, TC Energy Corp's (TRP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TC Energy Corp (TRP, Financial) in one year is $38.70, suggesting a downside of 23.14% from the current price of $50.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TC Energy Corp (TRP) Summary page.
