Evercore ISI Group Rates Entergy (ETR) buy, $121 Price Target

Evercore ISI Group upgraded its rating on Entergy Corporation, boosting the price target to $121, a 9.72% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:16 PM EDT · Updated Jun 15, 2026, 10:01 AM EDT

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Evercore ISI Group rated Entergy Corporation ($ETR) "buy" with a $121 price target on June 10, 2026.

Since the rating, $ETR is up 0.3% after 1 week, up 4.1% after 1 month and down 4.3% to date (from the $109.82 close on Jun 10, 2026).

ETR Entergy Corporation

$105.11 +14.01% year to date

Daily close · Oct 16, 2026

Key Points

Evercore ISI raised its rating on Entergy Corporation (ETR) to Buy with a target of $121, reflecting a significant gap from its recent trading spot of $110.28.
Evercore ISI Group's $121 price target implies 9.72% upside from Entergy Corporation's ($ETR) current $110.28 share price.
The stock has been performing near its 52-week high of $118.45, highlighting its strong position in the market.
The current P/E ratio for Entergy stands at 25.98, indicating solid earnings relative to its share price.

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Upgrade Boosts Entergy's Outlook

Evercore ISI Group upgraded Entergy Corporation (ETR) to a Buy rating on June 10, 2026. The new price target is set at $121, which is notably higher than the stock's recent trading price of $110.28. This change suggests optimism about Entergy's potential growth in the utilities sector.

How the Rating Change Impacts Entergy

This upgrade reflects a positive shift in expectations for Entergy, as it moves from a previous rating that was not specified. By raising the price target to $121, Evercore ISI signals a more favorable outlook for the company, especially as it approaches its 52-week high of $118.45. The current price indicates room for growth, potentially attracting more investors.

Other Analyst Opinions on Entergy

Analysts have mixed views on Entergy's future. On October 13, 2026, JP Morgan maintained an Overweight rating with a target of $130. Keybanc also holds an Overweight rating with a target of $118, while Truist Securities has a Buy rating with a target of $119. Morgan Stanley has taken a more cautious stance, maintaining an Equal-Weight rating with a target of $98. The overall sentiment appears to be leaning positive, with several firms recognizing Entergy's strong performance in the market.

Stock Performance and Implications

As of the publication date, Entergy's stock is trading at $110.28. This is close to its 52-week high of $118.45 and suggests that the recent rating upgrade could fuel further interest from investors. The stock's price performance is crucial, especially with Evercore's new target indicating a potential upside.

12-month forecast

$ETR price target

Entergy Corporation daily closes and this analyst's $121 target. Not advice.

Recent Earnings

Entergy's most recent financial performance shows revenues of approximately $13.48 billion, reflecting a revenue growth of around 5.9%. The company's net margin is about 13.3%, and it has a return on equity (ROE) of approximately 10.2%. Investors can look forward to the next earnings report scheduled for October 29, 2026, which will provide further insights into the company's financial health.

What Entergy Corporation Does

Entergy Corporation operates in the utilities sector, focused on producing and distributing electricity in parts of the U.S., including Arkansas, Louisiana, Mississippi, and Texas. With a generating capacity of about 25,000 megawatts, Entergy serves 3.1 million customers and is a key player in the regulated electric industry.

What’s Next for Entergy?

Looking ahead, investors will be watching Entergy closely, especially as it approaches its earnings release on October 29, 2026. The recent analyst upgrades could influence trading activity, and the upcoming earnings report will be crucial for assessing the company’s ongoing performance. Remember that the recent rating update reflects Evercore ISI's views as of June 10, 2026, and may not represent their current position.