49/100BTC Energy stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for TC Energy is 89.67, 38.5% above the current price of 64.76. Their targets range from 71.00 to 99.00.
Of the 3 firms that rated TC Energy in the past 12 months, 2 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 71.00 to 99.00, with an average of 89.67.
| Buy | 2 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 99.00 |
| Average target | 89.67 |
| Lowest target | 71.00 |
| Current price | 64.76 |
TC Energy price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
How analysts rate TC Energy, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
2 of 3 firms rate it buy now, against 1 of 1 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
TC Energy analyst upgrades, downgrades and price targets
The latest rating change came on 1 October 2026, when Goldman Sachs upgraded TC Energy from Neutral to Buy. The most recent new target came from CIBC on 22 October 2026: 99.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 22 Oct 2026 | CIBC | — | 99.00 | — | 61.55 |
| 1 Oct 2026 | Goldman Sachs | Upgraded · Neutral → Buy | — | — | — |
| 30 Sept 2026 | Goldman Sachs | — | 62.00 → 71.00 | +14.5% | 57.78 |
| 31 Jul 2026 | BMO Capital Ben Pham | — | 99.00 | — | 68.09 |
| 20 Apr 2026 | Goldman Sachs | Upgraded · Sell → Neutral | 53.00 → 62.00 | +17.0% | 60.62 |
| 18 Feb 2026 | Goldman Sachs | Reiterated · Sell | 53.00 | — | 62.21 |
| 17 Feb 2026 | CIBC | Downgraded · Outperform → Neutral | — | — | — |
TC Energy EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect TC Energy's EPS to grow 9.4% a year until 2028. Over the last 5 years it fell 7.2% a year, and over the last 3 years it grew 72.2%.
Analysts expect TC Energy's revenue to grow 5.6% a year until 2028, about as fast as over the last 5 years (3.2% a year) and the last 3 years (7.3%).
Revenue
EPS
Does TC Energy beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 8.2% off the result, either way, and their revenue estimate 7.8%, over the last 12 quarters.
- EPS beats
- 56 / 124
- Revenue beats
- 35 / 124
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +5.3%
- Since
- January 1996
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 5 Nov 2026 | 0.64 | 0.67 | +4.7% | 2.79B | 2.02B | -27.9% |
| Q2 FY2026 | 30 Jul 2026 | 0.61 | 0.68 | +11.5% | 2.78B | 2.80B | +0.6% |
| Q1 FY2026 | 1 May 2026 | 0.70 | 0.62 | -11.9% | 2.89B | 3.04B | +5.2% |
| Q4 FY2025 | 13 Feb 2026 | 0.65 | 0.70 | +7.7% | 2.98B | 3.03B | +1.8% |
| Q3 FY2025 | 6 Nov 2025 | 0.56 | 0.56 | 0.0% | 2.94B | 2.66B | -9.6% |
| Q2 FY2025 | 31 Jul 2025 | 0.56 | 0.59 | +5.4% | 1.88B | 2.00B | +6.1% |
| Q1 FY2025 | 1 May 2025 | 0.70 | 0.66 | -5.7% | 1.81B | 1.82B | +0.5% |
| Q4 FY2024 | 14 Feb 2025 | 0.68 | 0.75 | +10.3% | 2.50B | 1.75B | -30.0% |
| Q3 FY2024 | 7 Nov 2024 | 0.71 | 0.76 | +6.6% | 2.93B | 3.02B | +3.0% |
| Q2 FY2024 | 1 Aug 2024 | 0.60 | 0.63 | +4.3% | 2.78B | 2.98B | +7.4% |
| Q1 FY2024 | 3 May 2024 | 0.78 | 0.83 | +7.6% | 3.11B | 3.13B | +0.7% |
| Q4 FY2023 | 16 Feb 2024 | 0.76 | 0.93 | +22.8% | 3.18B | 3.20B | +0.6% |
TC Energy stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If TC Energy's earnings keep growing at the 6.1% a year analysts expect to FY2028, it would earn about 3.38 a share in FY2030. At the P/E it has traded at over the last five years (15.1 to 28.7) that is 51.08 to 96.91 a share, or 73.91 at its average P/E of 21.9. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 2.66 | 40.24 | 58.22 | 76.34 |
| FY2027 | 2.80 | 42.35 | 61.27 | 80.33 |
| FY2028 | 3.00 | 45.34 | 65.60 | 86.01 |
| FY2029 (extrapolated) | 3.19 | 48.13 | 69.63 | 91.30 |
| FY2030 (extrapolated) | 3.38 | 51.08 | 73.91 | 96.91 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 6.1% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (15.1, 21.9, 28.7).
Is TC Energy stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
TC Energy's P/E of 24.7 is around the middle of its 5-year range (13.3 to 87.5, median 23.1). It is in line with its own history. Fair value is not a reliable guide for TC Energy: analysts expect EPS growth of 9.4% a year against 32.5% before, so its past P/E no longer describes it. Its forward P/E, on the consensus for FY2026, is 24.3.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 24.71
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 23.08
- Five-year P/E range
- 13.3 – 87.5
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 24.31
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 4.02
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +38.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.760 | 71.4258Price 35.76193 | +99.7% | |
| 29.080 | 56.2434Price 29.0896 | +93.4% | |
| 240.360 | 464.26205Price 240.36627 | +93.2% | |
| 202.040 | 384.58163Price 202.042,644 | +90.3% | |
| 161.340 | 305.52160Price 161.34396 | +89.4% | |
| 125.395 | 237.44178Price 125.40297 | +89.4% | |
| 159.580 | 300.48225Price 159.58376 | +88.3% |
Furthest below the fair value on each stock's page, updated every day.