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 , Morgan Stanley , Royal Bank Of Canada , Scotiabank , TD Securities , US Capital Advisors , and Weiss Ratings in the past 90 days.

$62.60 -0.01 (-0.02%)

As of 09/4/2026 03:58 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
5

Buy
10

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, 5 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for TRP.

Consensus Price Target

$89.00
42.17% 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 42.17% from the current price of $62.60.

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 9/7/25 to 9/7/26	1 Month Ago 8/8/25 to 8/8/26	3 Months Ago 6/9/25 to 6/9/26	1 Year Ago 9/7/24 to 9/7/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	5 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	42.17% Upside	40.64% Upside	15.20% Upside	19.59% 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	2.73	2.43	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	42.17% Upside	32.21% Upside	14.03% Upside
News Sentiment Rating	Very 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
9/1/2026	Jefferies Financial Group 3 of 5 stars		Upgrade	Hold ➝ Buy
8/20/2026	US Capital Advisors 2 of 5 stars		Upgrade	Hold ➝ Moderate Buy
7/31/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Buy (B)
7/31/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Maurice Choy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$104.00 ➝ $106.00	+56.81%
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	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
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
5/26/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
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.
5/4/2026	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
2/17/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
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 Monday at 07:05 AM 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 4, 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 reported second-quarter earnings that exceeded analyst expectations, posting $0.68 in earnings per share against a consensus estimate of $0.61, which demonstrates the company's ability to generate profits above market forecasts.
The stock currently trades at $62.60, which is significantly below the consensus price target of $89.00 set by fourteen research firms, suggesting substantial potential for price appreciation as the market aligns with analyst valuations.
TC Energy Co. offers a dividend yield of 3.95%, providing a steady income stream for investors, with the next quarterly dividend of $0.8775 per share scheduled to be paid on October 30th to stockholders of record on September 29th.
Institutional investors are increasing their confidence in the company, as evidenced by TD Waterhouse Canada Inc. boosting its stake by 3.0% and Mufg Securities Canada LTD. raising its holdings by 37.9% during the second quarter.
Wall Street sentiment has improved recently, with Jefferies Financial Group raising its rating from "hold" to "buy" and US Capital Advisors upgrading the stock to "moderate buy," reflecting a broader consensus of "Moderate Buy" among analysts.

TC Energy
Bear Case

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

The company's payout ratio stands at 102.49%, meaning it is paying out more in dividends than it is earning in profits, which could signal financial strain or a reliance on debt to sustain shareholder returns.
TC Energy Co. carries a high debt-to-equity ratio of 1.64, indicating a significant level of leverage that may increase financial risk and interest obligations for the company.
The stock is trading below its 50-day simple moving average of $65.81 and its 200-day simple moving average of $65.41, which are technical indicators often interpreted as signs of downward momentum or weakness in the stock's recent performance.
Short interest in the stock has fluctuated significantly, with shares shorted reaching 22,679,914 as of the most recent record date, representing a short percentage of float of approximately 2.18%, which suggests some market participants are betting against the stock's price.
Despite recent upgrades, the consensus rating remains "Moderate Buy" rather than a stronger "Strong Buy," and the stock has experienced volatility, having dropped from a 52-week high of $71.47 to its current level, indicating uncertainty among investors.

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 5 hold ratings, 9 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 42.17% based on their 12-month stock forecasts.

Over the previous 90 days, TC Energy's stock had 2 upgrades and 1 downgrade by analysts.

TC Energy has been rated by research analysts at Barclays, BMO Capital Markets, Jefferies Financial Group, Morgan Stanley, 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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Brokerages With TC Energy Recommendations

MarketBeat monitors more than a dozen sources for TC Energy analyst ratings, with the most recent rating issued on 9/1/2026.

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TC Energy (TRP) Stock Forecast & Price Target