Entergy Target Cut to $123 Indicates 10% Upside on Data Center Demand
ETR•BMO Capital lowered Entergy’s price target to $123 from $127, implying over 10% upside at the current $111.47 share price. CEO Drew Marsh highlighted stronger returns and surging energy demand from data centers as key growth drivers for the integrated utility.
1. Analyst Revises Price Target
BMO Capital cut Entergy’s price target from $127 to $123, reflecting a conservative outlook while preserving over 10% upside at the $111.47 share price.
2. CEO Emphasizes Data Center Demand
CEO Drew Marsh cited stronger returns and escalating energy demand from data centers as key drivers for future growth in the integrated utility’s operations.
3. Share Performance and Valuation
Entergy shares rose 1.72% to $111.55, trading within a 52-week range of $80.11 to $118.45, with a market capitalization of $51.08 billion.
