Enbridge Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Enbridge stock has a target of 63, which predicts an increase of 50.79% from the current stock price of 41.78.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$63	$63	$63	$63
Change	+50.79%	+50.79%	+50.79%	+50.79%

* Price targets were last updated on Dec 4, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Enbridge is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	1	1	1	0	0	0
Buy	2	2	2	1	1	1
Hold	3	3	3	0	0	0
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Maurice Choy RBC Capital	RBC Capital	Buy Reiterates $59 → $63	Buy	Reiterates	$59 → $63	+50.79%	Dec 4, 2024
Theresa Chen Barclays	Barclays	Hold Maintains $54 → $48	Hold	Maintains	$54 → $48	+14.89%	Oct 18, 2023
Keith Stanley Wolfe Research	Wolfe Research	Hold → Sell Downgrades n/a	Hold → Sell	Downgrades	n/a	n/a	Oct 17, 2023
Patrick Kenny National Bank Financial Inc	National Bank Financial Inc	Hold Maintains $55 → $53	Hold	Maintains	$55 → $53	+26.85%	Sep 12, 2023
Robert Catellier CIBC	CIBC	Buy Maintains $63 → $64	Buy	Maintains	$63 → $64	+53.18%	Sep 11, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

40.65B

from 53.47B

-23.99%

from 53.47B

Revenue Next Year

42.18B

from 40.65B

3.78%

from 40.65B

EPS This Year

3.07

from 2.34

31.27%

from 2.34

EPS Next Year

3.21

from 3.07

4.52%

from 3.07

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	39.09B	47.07B	53.31B	43.65B	53.47B	40.65B	42.18B	49.06B
Revenue Growth	-21.93%	20.43%	13.25%	-18.12%	22.51%	-23.99%	3.78%	16.30%
EPS	1.48	2.87	1.28	2.84	2.34	3.07	3.21	3.61
EPS Growth	-43.85%	94.35%	-55.45%	122.13%	-17.61%	31.27%	4.52%	12.50%
Forward PE	-	-	-	-	-	19.36	18.53	16.47
No. Analysts	-	-	-	-	-	20	18	4

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

Revenue Forecast

Revenue	2025	2026	2027
High	58.9B	59.9B	60.8B
Avg	40.6B	42.2B	49.1B
Low	26.7B	27.9B	32.2B

Revenue Growth

Revenue Growth	2025	2026	2027
High	10.1%	47.3%	44.2%
Avg	-24.0%	3.8%	16.3%
Low	-50.1%	-31.4%	-23.7%

EPS Forecast

EPS	2025	2026	2027
High	3.40	3.70	4.14
Avg	3.07	3.21	3.61
Low	2.70	2.38	3.17

EPS Growth

EPS Growth	2025	2026	2027
High	45.4%	20.3%	29.1%
Avg	31.3%	4.5%	12.5%
Low	15.6%	-22.5%	-1.4%

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.