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 , The Goldman Sachs Group , US Capital Advisors , and Weiss Ratings in the past 90 days.

$60.07 +0.09 (+0.14%)

Closing price 10/9/2026 03:59 PM Eastern

Extended Trading

$59.65 -0.41 (-0.69%)

As of 10/9/2026 08:00 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
3

Buy
12

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, 3 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for TRP.

Consensus Price Target

$92.00
53.16% Upside

According to the 15 analysts' twelve-month price targets for TC Energy, the average price target is $92.00. The highest price target for TRP is $106.00, while the lowest price target for TRP is $71.00. The average price target represents a forecasted upside of 53.16% from the current price of $60.07.

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 10/11/25 to 10/11/26	1 Month Ago 9/11/25 to 9/11/26	3 Months Ago 7/13/25 to 7/13/26	1 Year Ago 10/11/24 to 10/11/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$92.00	$89.00	$78.50	$62.00
Forecasted Upside	53.16% Upside	46.32% Upside	15.61% Upside	17.38% 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	2.87	2.45	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	53.16% Upside	44.73% Upside	19.60% Upside
News Sentiment Rating	Positive News See Recent TRP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/30/2026	The Goldman Sachs Group 3 of 5 stars	John Mackay 3 of 5 stars	Upgrade	Neutral ➝ Buy	$71.00	+22.56%
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 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	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
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.
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
5/4/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:27 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 Thursday, October 8, 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. is currently trading at $60.00, which is significantly below the consensus price target of $89.00 set by sell-side brokerages, suggesting substantial upside potential for investors who believe the market is undervaluing the company's infrastructure assets.
The company recently announced that the Coastal GasLink Phase 2 project will proceed following a positive Final Investment Decision from LNG Canada, a development that nearly doubles export capacity and positions TC Energy Co. to capture growing global demand for liquefied natural gas starting with construction in 2027.
TC Energy Co. offers a compelling dividend yield of 4.21% based on the current stock price, providing a steady income stream for investors, with the next quarterly dividend of C$0.88 scheduled to be paid on October 30th, 2026.
The stock exhibits a low beta of 0.70, indicating that it is less volatile than the broader market, which can serve as a stabilizing factor in a diversified portfolio during periods of economic uncertainty or market turbulence.
Institutional interest in the stock is strengthening, as evidenced by Chickasaw Capital Management LLC increasing its stake by 2,473.7% in the third quarter, signaling that sophisticated investors are gaining confidence in the company's long-term growth trajectory.

TC Energy
Bear Case

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

Scotiabank recently lowered its full-year 2026 earnings per share estimate for TC Energy Co. to $2.70 from $2.76, reflecting a negative opinion on the company's near-term profitability and suggesting that revenue growth may not be as robust as previously anticipated.
The company's dividend payout ratio stands at 104.98%, meaning it is paying out more in dividends than it is earning in net income, which could raise concerns about the sustainability of the dividend if earnings do not improve or if capital expenditures increase.
TC Energy Co. carries a high debt-to-equity ratio of 1.64, indicating a significant level of leverage that could limit financial flexibility and increase vulnerability to rising interest rates or economic downturns.
The stock is trading below its 50-day simple moving average of $62.07 and its 200-day simple moving average of $64.90, which is a technical indicator that the stock is in a downtrend and may face further downward pressure in the near term.
Short interest in the stock has been increasing, with shares shorted rising to 34,606,418 in the most recent reporting period, suggesting that a growing number of investors are betting against the stock's future performance.

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 $92.00, with a high forecast of $106.00 and a low forecast of $71.00.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRP shares.

According to analysts, TC Energy's stock has a predicted upside of 53.16% based on their 12-month stock forecasts.

Over the previous 90 days, TC Energy's stock had 4 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, The Goldman Sachs Group, 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 9/30/2026.

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TC Energy (TRP) Stock Forecast & Price Target