Analyst Neil Kalton of Wells Fargo maintained a Buy rating on Entergy, with a price target of $119.00.
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Neil Kalton has given his Buy rating due to a combination of factors that point to durable earnings growth and an undervalued stock. He highlights management’s view that new energy service agreements, combined-cycle gas generation projects, and potential long-term regulated nuclear investments can add incremental EPS over time while keeping the company on its existing growth path.
Kalton also emphasizes that Entergy is well positioned to benefit from surging data center and hyperscaler power demand, with no apparent slowdown in load growth and meaningful upside to its 7–12 GW opportunity set. In his view, potential participation in emerging nuclear consortia and hyperscaler-backed projects, alongside flexibility on CCGT timing and agreements, supports a sustained growth story that is not dependent on a single Analyst Day catalyst, justifying a Buy rating at current valuation levels.
According to TipRanks, Kalton is a 5-star analyst with an average return of 12.2% and a 68.70% success rate.
In another report released on March 11, J.P. Morgan also maintained a Buy rating on the stock with a $119.00 price target.