Analyst James Thalacker of BMO Capital maintained a Buy rating on Entergy (ETR – Research Report), reducing the price target to $89.00.
James Thalacker has given his Buy rating due to a combination of factors that highlight Entergy’s strong performance and potential for growth. The company’s expected earnings per share for the first quarter of 2025 are anticipated to surpass consensus estimates, reflecting a significant year-over-year increase. This positive outlook is further supported by Entergy’s ability to consistently revise its capital plan upwards, driven by economic development and large load contracts.
Additionally, Entergy’s customer base, which is more industrial-heavy, is perceived to be somewhat more resilient to recessionary pressures compared to its peers. The company’s shares have also shown resilience, outperforming the market despite recent retracements. Entergy’s strategic focus on AI and its quiet regulatory calendar contribute to its favorable position, making it an attractive option for investors seeking exposure to these themes. Overall, Thalacker’s rating reflects confidence in Entergy’s ability to maintain momentum and capitalize on growth opportunities.
In another report released on April 8, Barclays also maintained a Buy rating on the stock with a $88.00 price target.
ETR’s price has also changed moderately for the past six months – from $129.060 to $80.280, which is a -37.80% drop .