TC Energy (TRP) Stock Forecast & Price Target

C$82.39 -0.31 (-0.37%)

As of 04:00 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
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

C$95.64
16.09% Upside

According to the 15 analysts' twelve-month price targets for TC Energy, the average price target is C$95.64. 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 16.09% from the current price of C$82.39.

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 9/30/25 to 9/30/26	1 Month Ago 8/31/25 to 8/31/26	3 Months Ago 7/2/25 to 7/2/26	1 Year Ago 9/30/24 to 9/30/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$95.64	C$94.64	C$89.86	C$74.46
Forecasted Upside	16.09% Upside	9.06% Upside	-4.53% Downside	-1.60% Downside
Consensus Rating	Moderate Buy	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	2.73	2.44
Consensus Rating	Moderate Buy	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
9/22/2026	Scotiabank 4 of 5 stars		Set Target	Sector Outperform	C$105.00	+24.56%
9/15/2026	TD Not Rated		Upgrade	Hold ➝ Buy	C$102.00	+19.89%
9/14/2026	TD Securities 3 of 5 stars		Upgrade	Hold ➝ Strong-Buy
9/11/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
9/1/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$100.00 ➝ C$102.00	+16.97%
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	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		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%
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	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%
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%
2/18/2025	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 Wednesday at 10:42 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 Wednesday, September 30, 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 $82.39, which is significantly below the consensus price target of C$95.64 set by fifteen analysts, suggesting substantial upside potential for investors entering the position now.
The company recently announced it will proceed with Coastal GasLink Phase 2 following the final investment decision for LNG Canada, a major catalyst that supports long-term growth in natural gas exports and infrastructure demand.
TC Energy Co. offers a dividend yield of 4.22%, providing a strong income stream for investors, supported by a history of consistent payments and a stable business model in energy infrastructure.
Recent analyst upgrades, including TD Cowen raising its rating to "buy" and Scotiabank maintaining a "Sector Outperform" rating with a C$105.00 target, indicate increasing institutional confidence in the company's future performance.
The stock has a low beta of 0.68, meaning it is less volatile than the overall market, which can provide a defensive characteristic for portfolios seeking stability during market fluctuations.

TC Energy
Bear Case

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

Scotiabank recently reduced its FY2027 earnings per share estimate from $3.99 to $3.98, signaling a slightly pessimistic outlook on near-term profitability despite the company's strong infrastructure position.
TC Energy Co. has a high debt-to-equity ratio of 229.63, indicating significant leverage that could pressure financial flexibility or increase risk if interest rates remain elevated or cash flows decline.
The stock recently crossed below its 200-day moving average in September 2026, a technical indicator that often signals a shift from a bullish to a bearish trend, potentially leading to further price declines.
Recent insider selling activity, including transactions by Yvonne Frame-Zawalykut and Trevor Ebl in mid-2026, may suggest that company insiders are taking profits or have less confidence in the current valuation.
The company's current ratio of 0.61 and quick ratio of 0.40 are below 1.0, indicating that TC Energy Co. may face challenges in meeting short-term obligations with its liquid assets, which could be a concern for risk-averse 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 C$95.64, with a high forecast of C$106.00 and a low forecast of C$62.00.

15 Wall Street 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 analysts is that investors should "moderate buy" TRP shares.

According to analysts, TC Energy's stock has a predicted upside of 16.09% based on their 12-month stock forecasts.

Over the previous 90 days, TC Energy's stock had 5 upgrades by analysts.

TC Energy has been rated by research analysts at ATB Cormark Capital Markets, Barclays, BMO Capital Markets, Jefferies Financial Group, National Bank Financial, Royal Bank Of Canada, Scotiabank, TD, TD Securities, and US Capital Advisors 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 9/22/2026.

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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

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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 upgraded 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