Enbridge (ENB) Stock Forecast, Price Target & Predictions

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ENB Stock Forecast

Enbridge stock forecast is as follows: an average price target of $63.00 (represents a 52.91% upside from ENB’s last price of $41.20) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.

ENB Price Target

The average price target for Enbridge (ENB) is $63.00 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $63.00 to $63.00. This represents a potential 52.91% upside from ENB's last price of $41.20.

ENB Analyst Ratings

Hold

According to 12 Wall Street analysts, Enbridge's rating consensus is 'Hold'. The analyst rating breakdown for ENB stock is 0 'Strong Buy' (0.00%), 3 'Buy' (25.00%), 7 'Hold' (58.33%), 2 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).

Enbridge Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Dec 04, 2024	Maurice Choy	RBC Capital	$63.00	$43.60	44.50%	52.91%
Feb 08, 2022	Andrew Kuske	Credit Suisse	$46.15	$42.08	9.68%	12.02%
Jan 07, 2022	Robert Kad	Morgan Stanley	$47.74	$39.95	19.51%	15.88%
Dec 16, 2021	Praneeth Satish	Wells Fargo	$42.97	$36.77	16.86%	4.29%
Nov 29, 2021	Michael Lapides	Goldman Sachs	$42.97	$37.62	14.22%	4.29%
Oct 19, 2021	Theresa Chen	Barclays	$42.17	$41.55	1.50%	2.36%
May 25, 2021	Bill Selesky	Argus Research	$43.00	$36.63	17.39%	4.37%

The latest Enbridge stock forecast, released on Dec 04, 2024 by Maurice Choy from RBC Capital, set a price target of $63.00, which represents a 44.50% increase from the stock price at the time of the forecast ($43.60), and a 52.91% increase from ENB last price ($41.20).

Enbridge Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	1
Avg Price Target	$63.00	$63.00	$63.00
Last Closing Price	$41.20	$41.20	$41.20
Upside/Downside	52.91%	52.91%	52.91%

In the current month, the average price target of Enbridge stock is $63.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 52.91% increase as opposed to Enbridge's last price of $41.20. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Dec 04, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 04, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Sep 30, 2024	Jefferies		Hold	Downgrade
Aug 23, 2024	National Bank	Sector Perform	Sector Perform	Hold
Aug 06, 2024	RBC Capital	Outperform	Outperform	Hold
Jul 15, 2024	CIBC	Outperform	Outperform	Hold
Jun 04, 2024	Wells Fargo	Underweight	Underweight	Hold
May 13, 2024	BMO Capital	Market Perform	Market Perform	Hold
May 13, 2024	National Bank	Sector Perform	Sector Perform	Hold
May 13, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Sep 11, 2023	CIBC	Outperform	Outperform	Hold
May 15, 2023	Credit Suisse	Neutral	Neutral	Hold
Mar 29, 2023	Goldman Sachs		Buy	Upgrade
Mar 29, 2023	Exane BNP Paribas		Neutral	Downgrade
Mar 29, 2023	UBS		Sell	Downgrade
Dec 09, 2022	Credit Suisse	Neutral	Neutral	Hold
Apr 28, 2022	Wells Fargo	Overweight	Overweight	Hold
Apr 26, 2022	Scotiabank	Sector Perform	Sector Perform	Hold
Apr 26, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold

Enbridge's last stock rating was published by RBC Capital on Dec 04, 2024. The company gave ENB a "Outperform" rating, the same as its previous rate.

Enbridge Financial Forecast

Enbridge Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.84B	$10.43B	$12.07B	$13.42B	$11.57B	$13.21B	$15.10B	$12.52B	$11.47B	$10.95B	$12.19B	$10.01B	$9.11B
Avg Forecast	$6.65B	$5.79B	$5.69B	$7.18B	$7.44B	$6.47B	$6.70B	$7.64B	$7.26B	$6.48B	$6.63B	$7.45B	$7.17B	$6.76B	$5.86B	$12.27B	$13.35B	$11.29B	$11.74B	$16.00B	$13.36B	$12.68B	$12.08B	$13.10B	$10.87B	$9.61B	$8.18B	$12.96B	$11.36B	$9.66B
High Forecast	$7.11B	$6.19B	$6.09B	$7.68B	$7.96B	$6.93B	$7.17B	$8.18B	$7.76B	$6.93B	$7.10B	$7.97B	$7.67B	$7.23B	$6.26B	$13.12B	$13.72B	$12.08B	$12.56B	$17.12B	$14.30B	$12.68B	$12.08B	$13.10B	$10.87B	$9.61B	$8.18B	$12.96B	$11.36B	$9.66B
Low Forecast	$6.18B	$5.38B	$5.29B	$6.68B	$6.92B	$6.02B	$6.23B	$7.11B	$6.75B	$6.03B	$6.17B	$6.93B	$6.67B	$6.28B	$5.45B	$11.41B	$12.99B	$10.50B	$10.92B	$14.88B	$12.43B	$12.68B	$12.08B	$13.10B	$10.87B	$9.61B	$8.18B	$12.96B	$11.36B	$9.66B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.87%	0.89%	0.75%	1.00%	0.91%	1.09%	1.15%	1.15%	1.19%	1.34%	0.94%	0.88%	0.94%

Enbridge's average Quarter revenue forecast for Dec 23 based on 2 analysts is $13.35B, with a low forecast of $12.99B, and a high forecast of $13.72B. ENB's average Quarter revenue forecast represents a 35.61% increase compared to the company's last Quarter revenue of $9.84B (Sep 23).

Enbridge EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$994.00M	$2.77B	$4.47B	$3.25B	$3.53B	$3.18B	$4.05B	$3.80B	$2.57B	$3.30B	$4.06B	$4.06B	$2.97B
Avg Forecast	$1.73B	$1.51B	$1.48B	$1.87B	$1.94B	$1.69B	$1.74B	$1.99B	$1.89B	$1.69B	$1.73B	$1.94B	$1.87B	$1.76B	$1.52B	$4.57B	$3.48B	$2.94B	$3.06B	$4.16B	$5.18B	$3.93B	$3.74B	$4.45B	$3.37B	$2.97B	$2.53B	$3.49B	$3.52B	$2.99B
High Forecast	$1.85B	$1.61B	$1.59B	$2.00B	$2.07B	$1.80B	$1.87B	$2.13B	$2.02B	$1.81B	$1.85B	$2.08B	$2.00B	$1.88B	$1.63B	$5.49B	$3.57B	$3.15B	$3.27B	$4.99B	$6.22B	$3.93B	$3.74B	$5.34B	$3.37B	$2.97B	$2.53B	$4.19B	$3.52B	$2.99B
Low Forecast	$1.61B	$1.40B	$1.38B	$1.74B	$1.80B	$1.57B	$1.62B	$1.85B	$1.76B	$1.57B	$1.61B	$1.81B	$1.74B	$1.64B	$1.42B	$3.66B	$3.38B	$2.74B	$2.84B	$3.33B	$4.14B	$3.93B	$3.74B	$3.56B	$3.37B	$2.97B	$2.53B	$2.79B	$3.52B	$2.99B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.34%	0.91%	1.07%	0.63%	0.90%	0.85%	0.91%	1.13%	0.86%	1.30%	1.16%	1.15%	0.99%

2 analysts predict ENB's average Quarter EBITDA for Dec 23 to be $3.48B, with a high of $3.57B and a low of $3.38B. This is 249.75% upper than Enbridge's previous annual EBITDA (Sep 23) of $994.00M.

Enbridge Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$879.00M	$3.04B	$1.82B	$-1.11B	$1.36B	$595.00M	$2.03B	$1.97B	$780.00M	$1.48B	$1.99B	$1.87B	$1.08B
Avg Forecast	$1.87B	$1.57B	$1.61B	$2.14B	$1.64B	$1.37B	$1.43B	$2.07B	$1.64B	$1.31B	$1.35B	$1.91B	$1.51B	$1.18B	$1.38B	$2.11B	$1.47B	$1.26B	$1.49B	$1.92B	$2.37B	$1.37B	$1.50B	$2.05B	$1.63B	$1.22B	$1.21B	$1.71B	$1.28B	$1.09B
High Forecast	$2.04B	$1.71B	$1.76B	$2.33B	$1.79B	$1.49B	$1.56B	$2.25B	$1.79B	$1.43B	$1.47B	$2.12B	$1.57B	$1.21B	$1.39B	$2.53B	$1.56B	$1.49B	$1.63B	$2.30B	$2.84B	$1.37B	$1.50B	$2.46B	$1.63B	$1.22B	$1.21B	$2.05B	$1.28B	$1.09B
Low Forecast	$1.70B	$1.43B	$1.46B	$1.94B	$1.49B	$1.24B	$1.30B	$1.88B	$1.49B	$1.19B	$1.23B	$1.76B	$1.48B	$1.15B	$1.37B	$1.69B	$1.41B	$1.21B	$1.36B	$1.54B	$1.90B	$1.37B	$1.50B	$1.64B	$1.63B	$1.22B	$1.21B	$1.37B	$1.28B	$1.09B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.70%	2.04%	0.95%	-0.47%	0.99%	0.40%	0.99%	1.20%	0.64%	1.22%	1.16%	1.46%	0.99%

Enbridge's average Quarter net income forecast for Dec 23 is $1.47B, with a range of $1.41B to $1.56B. ENB's average Quarter net income forecast represents a 67.55% increase compared to the company's last Quarter net income of $879.00M (Sep 23).

Enbridge SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.04B	$2.26B	$2.09B	$1.99B	$1.88B	$2.00B	$1.67B	$1.48B	$1.56B	$1.79B	$1.55B
Avg Forecast	$805.75M	$701.61M	$689.69M	$870.25M	$901.79M	$784.54M	$811.83M	$926.38M	$879.47M	$785.16M	$803.92M	$903.29M	$869.25M	$818.81M	$709.60M	$1.95B	$1.62B	$1.37B	$1.42B	$1.77B	$2.45B	$1.92B	$1.83B	$1.90B	$1.64B	$1.45B	$1.24B	$1.34B	$1.72B	$1.46B
High Forecast	$862.09M	$750.67M	$737.91M	$931.11M	$964.85M	$839.40M	$868.60M	$991.16M	$940.96M	$840.07M	$860.14M	$966.45M	$930.03M	$876.06M	$759.22M	$2.34B	$1.66B	$1.46B	$1.52B	$2.13B	$2.95B	$1.92B	$1.83B	$2.28B	$1.64B	$1.45B	$1.24B	$1.61B	$1.72B	$1.46B
Low Forecast	$749.41M	$652.55M	$641.46M	$809.40M	$838.73M	$729.68M	$755.07M	$861.61M	$817.97M	$730.26M	$747.71M	$840.13M	$808.47M	$761.55M	$659.98M	$1.56B	$1.57B	$1.27B	$1.32B	$1.42B	$1.96B	$1.92B	$1.83B	$1.52B	$1.64B	$1.45B	$1.24B	$1.07B	$1.72B	$1.46B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.15%	0.92%	1.09%	1.09%	0.99%	1.22%	1.15%	1.20%	1.16%	1.04%	1.06%

Enbridge's average Quarter SG&A projection for Jun 23 is $1.42B, based on 1 Wall Street analysts, with a range of $1.32B to $1.52B. The forecast indicates a -30.15% fall compared to ENB last annual SG&A of $2.04B (Mar 23).

Enbridge EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.43	$0.91	$0.92	$-0.55	$0.63	$0.22	$0.95	$0.97	$0.34	$0.69	$0.94	$0.93	$0.49
Avg Forecast	$0.86	$0.72	$0.74	$0.98	$0.75	$0.63	$0.65	$0.95	$0.75	$0.60	$0.62	$0.88	$0.69	$0.54	$0.63	$0.82	$0.68	$0.58	$0.68	$0.84	$0.72	$0.64	$0.70	$0.85	$0.76	$0.57	$0.57	$0.72	$0.60	$0.51
High Forecast	$0.93	$0.79	$0.81	$1.07	$0.82	$0.68	$0.71	$1.03	$0.82	$0.66	$0.68	$0.97	$0.72	$0.55	$0.64	$0.82	$0.72	$0.68	$0.75	$0.92	$0.79	$0.64	$0.70	$0.85	$0.76	$0.57	$0.57	$0.72	$0.60	$0.51
Low Forecast	$0.78	$0.65	$0.67	$0.89	$0.69	$0.57	$0.60	$0.86	$0.69	$0.55	$0.56	$0.81	$0.68	$0.53	$0.63	$0.81	$0.65	$0.55	$0.62	$0.77	$0.66	$0.64	$0.70	$0.85	$0.76	$0.57	$0.57	$0.72	$0.60	$0.51
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74%	1.33%	1.09%	-0.76%	0.98%	0.31%	1.12%	1.27%	0.60%	1.22%	1.31%	1.55%	0.96%

According to 2 Wall Street analysts, Enbridge's projected average Quarter EPS for Dec 23 is $0.68, with a low estimate of $0.65 and a high estimate of $0.72. This represents a 57.11% increase compared to ENB previous annual EPS of $0.43 (Sep 23).

Enbridge Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ENB	Enbridge	$41.40	$63.00	52.17%	Hold
PBA	Pembina Pipeline	$37.01	$54.00	45.91%	Buy
EPD	Enterprise Products Partners	$31.29	$35.33	12.91%	Buy
ET	Energy Transfer LP	$18.64	$21.00	12.66%	Buy
KMI	Kinder Morgan	$26.61	$26.90	1.09%	Buy
MPLX	MPLX LP	$47.70	$46.00	-3.56%	Buy
OKE	ONEOK	$101.78	$97.86	-3.85%	Buy
WMB	Williams Companies	$53.69	$51.33	-4.40%	Buy

ENB Forecast FAQ

Is Enbridge a good buy?

No, according to 12 Wall Street analysts, Enbridge (ENB) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 25.00% of ENB's total ratings.

What is ENB's price target?

Enbridge (ENB) average price target is $63 with a range of $63 to $63, implying a 52.91% from its last price of $41.2. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Enbridge stock go up soon?

According to Wall Street analysts' prediction for ENB stock, the company can go up by 52.91% (from the last price of $41.2 to the average price target of $63), up by 52.91% based on the highest stock price target, and up by 52.91% based on the lowest stock price target.

Can Enbridge stock reach $60?

ENB's average twelve months analyst stock price target of $63 supports the claim that Enbridge can reach $60 in the near future.

What is Enbridge's current price target trend?

1 Wall Street analyst forecast a $63 price target for Enbridge (ENB) this month, up 52.91% from its last price of $41.2. Compared to the last 3 and 12 months, the average price target increased by 52.91% and increased by 52.91%, respectively.

What are Enbridge's analysts' financial forecasts?

Enbridge's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.26B (high $30.23B, low $26.28B), average EBITDA is $7.36B (high $7.87B, low $6.84B), average net income is $6.5B (high $7.1B, low $5.91B), average SG&A $3.42B (high $3.66B, low $3.19B), and average EPS is $2.98 (high $3.26, low $2.71). ENB's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $25.31B (high $27.08B, low $23.54B), average EBITDA is $6.59B (high $7.05B, low $6.13B), average net income is $7.18B (high $7.83B, low $6.53B), average SG&A $3.07B (high $3.28B, low $2.85B), and average EPS is $3.29 (high $3.59, low $3).

Did the ENB's actual financial results beat the analysts' financial forecasts?

Based on Enbridge's last annual report (Dec 2022), the company's revenue was $53.31B, beating the average analysts forecast of $51.22B by 4.08%. Apple's EBITDA was $14.01B, missing the average prediction of $17.3B by -18.98%. The company's net income was $3B, missing the average estimation of $7.3B by -58.86%. Apple's SG&A was $8.22B, beating the average forecast of $8.1B by 1.50%. Lastly, the company's EPS was $1.28, missing the average prediction of $2.91 by -56.09%. In terms of the last quarterly report (Sep 2023), Enbridge's revenue was $9.84B, missing the average analysts' forecast of $11.29B by -12.83%. The company's EBITDA was $994M, missing the average prediction of $2.94B by -66.20%. Enbridge's net income was $879M, missing the average estimation of $1.26B by -30.38%. The company's SG&A was $0, missing the average forecast of $1.37B by -100.00%. Lastly, the company's EPS was $0.43, missing the average prediction of $0.579 by -25.75%