TC Energy (TRP) Stock Forecast & Price Target

Q: What analysts cover TC Energy?

TC Energy has been rated by research analysts at Barclays , BMO Capital Markets , Jefferies Financial Group , Raymond James Financial , Royal Bank Of Canada , Scotiabank , TD Securities , US Capital Advisors , and Weiss Ratings in the past 90 days.

$58.82 -0.84 (-1.40%)

Closing price 09/25/2026 03:59 PM Eastern

Extended Trading

$58.68 -0.14 (-0.24%)

As of 09/25/2026 07:44 PM Eastern

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TC Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 Wall Street analysts who have issued ratings for TC Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 4 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for TRP.

Consensus Price Target

$89.00
51.32% Upside

According to the 15 analysts' twelve-month price targets for TC Energy, the average price target is $89.00. The highest price target for TRP is $106.00, while the lowest price target for TRP is $62.00. The average price target represents a forecasted upside of 51.32% from the current price of $58.82.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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TRP Analyst Ratings Over Time

Type	Current Forecast 9/27/25 to 9/27/26	1 Month Ago 8/28/25 to 8/28/26	3 Months Ago 6/29/25 to 6/29/26	1 Year Ago 9/27/24 to 9/27/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	10 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$89.00	$89.00	$78.50	$62.00
Forecasted Upside	51.32% Upside	43.85% Upside	14.55% Upside	16.13% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

TRP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

TC Energy Stock vs. The Competition

Type	TC Energy	Energy Companies	Broader Market
Consensus Rating Score	2.80	2.45	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	51.32% Upside	41.99% Upside	19.20% Upside
News Sentiment Rating	Positive News See Recent TRP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/16/2026	Raymond James Financial 3 of 5 stars		Reiterated Rating	Market Perform
9/14/2026	TD Securities 3 of 5 stars		Upgrade	Hold ➝ Buy
9/11/2026	Royal Bank Of Canada 3 of 5 stars	Maurice Choy 4 of 5 stars	Reiterated Rating	Outperform ➝ Moderate Buy	$106.00	+73.39%
9/1/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/20/2026	US Capital Advisors Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Moderate Buy
7/31/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
7/31/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$99.00	+45.58%
7/21/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
7/16/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
6/10/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
Get the Latest News and Ratings for TRP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for TC Energy and its competitors with MarketBeat's FREE daily newsletter.
5/26/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
5/4/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/20/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Mackay Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$53.00 ➝ $62.00	+2.29%
2/19/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
2/16/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
2/18/2025	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Mccoubrey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong Sell ➝ Strong-Buy
10/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
9/30/2024	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Manav Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:42 PM ET.

Should I Buy TC Energy Stock? TRP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, September 25, 2026. Please send any questions or comments about these TC Energy pros and cons to contact@marketbeat.com.

TC Energy
Bull Case

Here are some ways that investors could benefit from investing in TC Energy Co.:

TC Energy Co. recently announced the sale of its Guadalajara-Manzanillo pipeline for approximately $560 million, a move that generates significant cash proceeds to be redeployed toward accretive growth opportunities across its North American footprint, enhancing capital flexibility.
The stock currently trades at $58.82, which is significantly below the average 12-month price objective of $89.00 set by fifteen analysts, suggesting substantial potential upside for investors entering the position now.
With a dividend yield of 4.13% and a recent quarterly dividend of C$0.88 per share, TC Energy Co. offers a reliable income stream that is attractive to yield-focused investors seeking consistent cash flow from infrastructure assets.
Analysts have recently upgraded their outlook, with TD Securities raising its rating to "buy" and Royal Bank of Canada reaffirming an "outperform" rating with a $106.00 price target, indicating strong institutional confidence in the company's future performance.
TC Energy Co. reported earnings per share of $0.68 for the quarter ended July 30, 2026, which exceeded the consensus estimate of $0.61, demonstrating the company's ability to outperform market expectations and maintain strong operational profitability.

TC Energy
Bear Case

Investors should be bearish about investing in TC Energy Co. for these reasons:

The company's payout ratio is currently 102.49%, meaning it is paying out more in dividends than it is earning in net income, which could raise concerns about the long-term sustainability of the dividend without additional capital raising or asset sales.
Short interest has increased significantly, with 34,606,418 shares shorted as of September 15, 2026, representing a 3.46% short percentage of the float, indicating that a notable portion of the market is betting against the stock's price appreciation.
TC Energy Co. has a debt-to-equity ratio of 1.64, which is relatively high for an infrastructure company, suggesting that the company carries a substantial amount of leverage that could impact its financial flexibility in a rising interest rate environment.
The stock is trading below its 50-day simple moving average of $63.87 and its 200-day simple moving average of $65.20, indicating that the stock is in a downtrend and may face continued downward pressure in the near term.
Some institutional investors have reduced their stakes, such as NewEdge Advisors LLC which lowered its position by 55.2% in the second quarter, suggesting that some large holders are taking profits or repositioning their portfolios away from the stock.

TRP Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for TC Energy is $89.00, with a high forecast of $106.00 and a low forecast of $62.00.

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TRP shares.

According to analysts, TC Energy's stock has a predicted upside of 51.32% based on their 12-month stock forecasts.

Over the previous 90 days, TC Energy's stock had 3 upgrades by analysts.

TC Energy has been rated by research analysts at Barclays, BMO Capital Markets, Jefferies Financial Group, Raymond James Financial, Royal Bank Of Canada, Scotiabank, TD Securities, US Capital Advisors, and Weiss Ratings in the past 90 days.

Analysts like TC Energy more than other "energy" companies. The consensus rating for TC Energy is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how TRP compares to other companies.

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MarketBeat monitors more than a dozen sources for TC Energy analyst ratings, with the most recent rating issued on 9/16/2026.

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TC Energy (TRP) Stock Forecast & Price Target