TC Energy (TRP) Stock Forecast & Price Target

C$94.40 -0.91 (-0.95%)

As of 07/31/2026 04:25 PM Eastern

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

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
0

Hold
9

Buy
6

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 "Hold." Out of the 15 analysts, 9 have given a hold rating, and 6 have given a buy rating for TRP.

Consensus Price Target

C$94.64
0.26% Upside

According to the 15 analysts' twelve-month price targets for TC Energy, the average price target is C$94.64. The highest price target for TRP is C$106.00, while the lowest price target for TRP is C$62.00. The average price target represents a forecasted upside of 0.26% from the current price of C$94.40.

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 8/1/25 to 8/1/26	1 Month Ago 7/2/25 to 7/2/26	3 Months Ago 5/3/25 to 5/3/26	1 Year Ago 8/1/24 to 8/1/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$94.64	C$89.86	C$84.67	C$74.33
Forecasted Upside	0.26% Upside	-4.53% Downside	-6.58% Downside	11.34% Upside
Consensus Rating	Hold	Hold	Hold	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
Consensus Rating Score	2.40	2.39
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive News See Recent TRP News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/31/2026	TD Not Rated		Boost Target	Hold	C$100.00 ➝ C$102.00	+7.63%
7/31/2026	Royal Bank Of Canada 2 of 5 stars		Boost Target	Outperform	C$104.00 ➝ C$106.00	+11.85%
7/31/2026	ATB Cormark Capital Markets 4 of 5 stars		Boost Target	Sector Perform	C$98.00 ➝ C$100.00	+5.52%
7/31/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$102.00 ➝ C$103.00	+8.68%
7/31/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$94.00 ➝ C$99.00	+4.46%
7/31/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	C$100.00 ➝ C$102.00	+7.63%
7/21/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Outperform	C$97.00 ➝ C$105.00	+9.17%
6/10/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	C$103.00	+7.01%
5/4/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$89.00 ➝ C$94.00	+4.26%
4/19/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell ➝ Hold	C$62.00	-25.33%
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.
3/31/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	C$86.00 ➝ C$95.00	+9.83%
3/30/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$74.00 ➝ C$78.00	-10.97%
2/17/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$80.00 ➝ C$88.00	+3.97%
2/17/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$84.00 ➝ C$88.00	+3.97%
8/21/2025	US Capital Advisors Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Moderate Buy ➝ Hold
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
11/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$74.00 ➝ C$76.00	+10.79%
11/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$70.00 ➝ C$79.00	+13.07%
10/25/2024	Morgan Joseph Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Underweight ➝ Overweight	C$62.00 ➝ C$78.00	+19.07%
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	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:55 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, July 31, 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.:

Recent earnings reports show that TC Energy Co. exceeded expectations with a second-quarter EPS of C$0.94, indicating strong financial performance and boosting investor confidence.
The company has approved significant investments in pipeline expansion projects, amounting to approximately $500 million, which could enhance transportation capacity and support long-term growth.
With a current stock price around C$96, the company is positioned within a favorable range, having a fifty-two week high of C$100.18, suggesting potential for price appreciation.
Analysts have raised EPS forecasts for the coming years, indicating improving expectations for future earnings, which could lead to increased stock value.
TC Energy Co. maintains a stable market presence, operating a vast network of pipelines and power generation facilities across North America, which supports its revenue generation capabilities.

TC Energy
Bear Case

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

The company has a high debt-to-equity ratio of 224.52, indicating that it relies heavily on debt financing, which could pose risks in times of economic downturns.
Despite recent positive earnings, the quick ratio of 0.40 and current ratio of 0.65 suggest potential liquidity issues, meaning the company may struggle to meet short-term obligations.
Insider selling activity has been noted, with significant shares sold by company insiders, which could signal a lack of confidence in the company's future performance.
While the company has a stable market cap, fluctuations in energy prices and regulatory changes could impact its profitability and growth prospects.
The expansion projects will require substantial capital spending, which may strain financial resources and affect overall returns on investment.

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 C$94.64, with a high forecast of C$106.00 and a low forecast of C$62.00.

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TC Energy in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRP, but not buy additional shares or sell existing shares.

According to analysts, TC Energy's stock has a predicted upside of 0.26% based on their 12-month stock forecasts.

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

TC Energy has been rated by research analysts at ATB Cormark Capital Markets, Barclays, BMO Capital Markets, Canadian Imperial Bank of Commerce, Morgan Stanley, National Bank Financial, Royal Bank Of Canada, Scotiabank, and TD in the past 90 days.

Analysts like TC Energy more than other "energy" companies. The consensus rating score for TC Energy is 2.40 while the average consensus rating score for "energy" companies is 2.40. Learn more on how TRP compares to other companies.

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This page (TSE:TRP) was last updated on 8/1/2026 by MarketBeat.com Staff.

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TC Energy (TRP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

TRP Analyst Ratings Over Time

TRP Analyst Recommendations By Month

TRP Price Targets by Month

TC Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

TC Energy
Bull Case

TC Energy
Bear Case

TRP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With TC Energy Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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TC Energy (TRP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

TRP Analyst Ratings Over Time

TRP Analyst Recommendations By Month

TRP Price Targets by Month

TC Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

TC Energy Bull Case

TC Energy Bear Case

TRP Forecast - Frequently Asked Questions

What is TC Energy's forecast for 2026?

Should I buy or sell TC Energy stock right now?

Does TC Energy's stock price have much upside?

Has TC Energy been downgraded by Wall Street analysts recently?

What analysts cover TC Energy?

Do Wall Street analysts like TC Energy more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With TC Energy Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

TC Energy
Bull Case

TC Energy
Bear Case