Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Stock Forecast

Stock Price Forecast

The 2 analysts that cover Canadian Natural Resources stock have a consensus rating of "Strong Buy" and an average price target of $57, which forecasts a 21.66% increase in the stock price over the next year. The lowest target is $49 and the highest is $65.

Price Target: $57 (+21.66%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$49	$57	$65	$65
Change	+4.59%	+21.66%	+38.74%	+38.74%

* Price targets were last updated on Mar 12, 2026.

Analyst Ratings

The average analyst rating for Canadian Natural Resources stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	1	1	1	1
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Neil Mehta Goldman Sachs	Goldman Sachs	Strong Buy Maintains $37 → $49	Strong Buy	Maintains	$37 → $49	+4.59%	Mar 12, 2026
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $61 → $65	Buy	Maintains	$61 → $65	+38.74%	Mar 6, 2026
Neil Mehta Goldman Sachs	Goldman Sachs	Strong Buy Maintains $36 → $35	Strong Buy	Maintains	$36 → $35	-25.29%	Jan 2, 2026
Greg Pardy RBC Capital	RBC Capital	Buy Reiterates $62	Buy	Reiterates	$62	+32.34%	Sep 24, 2025
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $64 → $62	Buy	Maintains	$64 → $62	+32.34%	Aug 8, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

39.21B

Increased by 1.15%

from 38.76B

Revenue Next Year

39.88B

Increased by 1.72%

from 39.21B

EPS This Year

2.89

Decreased by -43.94%

from 5.16

EPS Next Year

3.51

Increased by 21.37%

from 2.89

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	30.06B	42.30B	35.97B	35.66B	38.76B	39.21B	39.88B
Revenue Growth	77.93%	40.73%	-14.97%	-0.87%	8.71%	1.15%	1.72%
EPS	3.23	4.76	3.74	2.85	5.16	2.89	3.51
EPS Growth	-	47.37%	-21.43%	-23.80%	81.05%	-43.94%	21.37%
Forward PE	-	-	-	-	-	22.30	18.37
No. Analysts	-	-	-	-	-	15	12

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029
High	53.4B	49.6B
Avg	39.2B	39.9B
Low	27.6B	30.8B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	37.7%	26.5%
Avg	1.2%	1.7%
Low	-28.7%	-21.4%

EPS Forecast

EPS	2026	2027	2028	2029
High	4.19	4.65
Avg	2.89	3.51
Low	1.91	2.37

EPS Growth

EPS Growth	2026	2027	2028	2029
High	-18.8%	60.8%
Avg	-43.9%	21.4%
Low	-63.0%	-18.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.