Wells Fargo analyst Roger Read has maintained an "Overweight" rating for Suncor Energy (SU, Financial) while increasing the price target for the company. The new adjusted price target is set at CAD 60.00, up from the previous target of CAD 59.00. This adjustment reflects a 1.69% increase in the price target.
As of June 26, 2025, the maintained "Overweight" rating signifies continued confidence in the performance of Suncor Energy (SU, Financial) by Wells Fargo. The stock (SU) has witnessed positive sentiment following the adjustment, underscoring its potential for future growth. The adjustment to the price target supports investors' expectations for Suncor Energy (SU) within the energy sector.
For investors tracking the performance and potential of Suncor Energy (SU, Financial), this update from Wells Fargo offers valuable insights into the company's projected growth and market position. The increase in the price target serves as an indication of Suncor Energy’s (SU) promising outlook and potential for continued upward performance. The Canadian energy sector continues to garner attention with developments like this.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Suncor Energy Inc (SU, Financial) is $43.75 with a high estimate of $47.36 and a low estimate of $40.80. The average target implies an upside of 14.67% from the current price of $38.16. More detailed estimate data can be found on the Suncor Energy Inc (SU) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Suncor Energy Inc's (SU, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" 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 Suncor Energy Inc (SU, Financial) in one year is $32.34, suggesting a downside of 15.24% from the current price of $38.155. 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 Suncor Energy Inc (SU) Summary page.
