ETF Analysis: The SPDR S&P Global Natural Resources ETF (GNR) has an implied analyst target price of $61.02 per unit, indicating a potential upside of 9.51% from its recent trading price of $55.72.
Notable Holdings: Key underlying holdings with significant upside include Suncor Energy Inc (SU), Agnico Eagle Mines Ltd (AEM), and Equinor ASA (EQNR), each showing potential increases based on average analyst target prices.
Analyst Target Prices: SU's target is $44.61 (16.30% upside), AEM's target is $145.85 (12.00% upside), and EQNR's target is $26.68 (11.86% upside) compared to their recent share prices.
Investor Considerations: Questions arise regarding the validity of these analyst targets, whether they are justified or overly optimistic, necessitating further research by investors into company and industry developments.
Wall Street analysts forecast SU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SU is 49.83 USD with a low forecast of 41.06 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast SU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SU is 49.83 USD with a low forecast of 41.06 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 50.510
Low
41.06
Averages
49.83
High
70.00
Current: 50.510
Low
41.06
Averages
49.83
High
70.00
JPMorgan
Neutral -> Overweight
upgrade
$64 -> $75
2026-01-20
New
Reason
JPMorgan
Price Target
$64 -> $75
AI Analysis
2026-01-20
New
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded Suncor to Overweight from Neutral with a price target of C$75, up from C$64. The firm adjusted ratings in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.
RBC Capital
Outperform
maintain
$67 -> $70
2026-01-09
Reason
RBC Capital
Price Target
$67 -> $70
2026-01-09
maintain
Outperform
Reason
RBC Capital raised the firm's price target on Suncor to $70 from $67 and keeps an Outperform rating on the shares. Suncor's upcoming investor day on March 31 should serve to narrow the perception gap between its reserve bookings and vast oil sands resource base and afford further support for its relative valuation, the analyst tells investors in a research note.
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RBC Capital
NULL -> Outperform
maintain
$67 -> $70
2026-01-09
Reason
RBC Capital
Price Target
$67 -> $70
2026-01-09
maintain
NULL -> Outperform
Reason
RBC Capital raised the firm's price target on Suncor to C$70 from C$67 and keeps an Outperform rating on the shares.
Goldman Sachs
Buy
maintain
$46 -> $48
2026-01-02
Reason
Goldman Sachs
Price Target
$46 -> $48
2026-01-02
maintain
Buy
Reason
Goldman Sachs raised the firm's price target on Suncor to $48 from $46 and keeps a Buy rating on the shares. The firm updated targets in the oil group to reflect its updated Brent crude assumptions. Challenging macro conditions for oil are now well appreciated by the market, so investors are likely to begin to value equities on 2027 free cash flow, the analyst tells investors in a research note.
About SU
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
