Should You Buy Enbridge Inc (ENB) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Buy
Latest Price
48.560
1 Day change
1.12%
52 Week Range
50.540
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor right now. ENB is in a clear technical uptrend (bullish moving averages and strengthening MACD) and options positioning is notably bullish (very low put-call volume ratio), which supports near-term demand. While the stock looks a bit stretched in the short run (RSI elevated and price near resistance), the broader setup still favors entering now for a long-term, dividend-focused hold. Key near-term catalyst/risk timing is the QDEC 2025 earnings on 2026-02-13 (pre-market).
Technical Analysis
Trend/Momentum: Bullish. MACD histogram is positive (0.246) and expanding, indicating strengthening upside momentum. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), consistent with an established uptrend.
Overbought/Entry quality: RSI(6) at ~75.2 signals the stock is extended in the short-term, which can limit immediate upside even in an uptrend.
Levels: Pivot 47.517. Resistance levels: R1 48.425 and R2 48.986 (price ~48.56 post-market is between R1 and R2, i.e., near resistance). Support levels: S1 46.609 then S2 46.048.
Pattern-based near-term bias (provided): Similar-pattern stats imply modestly negative drift over the next month (-2.57%), suggesting upside may be slower/uneven despite the uptrend.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): Entry signal triggered on 2026-01-14; price is up ~4.08% since. The signal remains supportive of the uptrend, though the stock is now closer to resistance versus the original entry.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Bullish skew. Open interest put/call at 0.68 suggests more call positioning than puts (constructive). The put/call volume ratio at 0.11 is extremely call-heavy, showing strong upside speculation/positioning.
Volatility: 30D IV ~18.7 vs historical vol ~13.1 implies options are pricing above recent realized volatility (some event/earnings premium likely with earnings on 2026-02-13). IV percentile ~48 is mid-range, not extreme.
Activity: Today’s option volume is far above its 30-day average ("today vs avg" ~24.26), indicating unusually elevated attention/flow, generally consistent with active bullish sentiment.
Technical Summary
Sell
4
Buy
11
Positive Catalysts
Dividend/income appeal: News highlights ENB as a stable, high-dividend name with a long history of dividend increases, which supports long-term, beginner-friendly ownership.
Natural gas tailwinds: News notes expectations for higher natural gas prices longer-term, potentially benefiting ENB’s gas-levered growth profile.
Project/backlog narrative: Recent analyst commentary (e.g., Scotiabank/RBC) points to sizable secured projects/backlog and continued capacity utilization/expansion on core systems.
Upcoming catalyst: QDEC 2025 earnings on 2026-02-13 (pre-market) could validate the long-term growth/dividend narrative if results/outlook are solid.
Neutral/Negative Catalysts
Analyst downgrade/growth concern: JPMorgan downgraded to Neutral (price target cut to C$69 from C$74), citing below-peer growth prospects and risk tied to crude/oil supply dynamics (Venezuelan supply risk) impacting ENB’s crude segment outlook.
Latest reported quarter weakness (2025/Q3): Meaningful YoY declines in net income and EPS may keep investors focused on growth/earnings quality.
Technical stretch: RSI is elevated and price is near resistance (R2 ~48.986), which can cap immediate upside.
Pattern-based outlook provided: Similar candlestick-pattern stats suggest slightly negative performance over the next month (-2.57%).
Financial Performance
Latest quarter (2025/Q3): Growth trends were negative.
- Revenue: $14.639B, down 1.92% YoY
- Net Income: $682M, down 47.25% YoY
- EPS: $0.31, down 47.46% YoY
- Gross Margin: 31.19%, down 0.22% YoY
Interpretation: Revenue was relatively stable, but profitability and EPS fell sharply YoY, indicating margin/expense/other headwinds. For a long-term dividend-style investor this doesn’t automatically break the thesis, but it does reinforce why Wall Street is split on ENB’s growth trajectory.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: Mixed, with a notable late-January downgrade after earlier upgrades/target raises.
- 2026-01-27: JPMorgan downgraded to Neutral from Overweight; PT cut to C$69 (from C$74), citing tougher long-term per-share growth and crude-segment growth concerns.
- 2026-01-16: Scotiabank upgraded to Outperform; PT raised to C$73, emphasizing $12B of projects, continued attractive deals, and confidence in gas-levered growth.
- 2025-11-10: Multiple firms raised price targets modestly; RBC maintained Outperform with PT C$72; several others stayed at Market Perform/Sector Perform.
Wall Street pros: Durable, regulated/contracted-style cash flows, backlog/project wins, and dividend strength.
Wall Street cons: Longer-term growth skepticism (especially crude segment exposure) and concerns that per-share growth becomes harder over time.
Influential/political trading check: No recent congress trading data available; hedge funds and insiders are reported as Neutral with no significant recent trend.
Wall Street analysts forecast ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 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 ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 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.
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 48.020
Low
44.63
Averages
49.75
High
51.83
Current: 48.020
Low
44.63
Averages
49.75
High
51.83
JPMorgan
Overweight -> Neutral
downgrade
$74 -> $69
AI Analysis
2026-01-27
New
Reason
JPMorgan
Price Target
$74 -> $69
AI Analysis
2026-01-27
New
downgrade
Overweight -> Neutral
Reason
JPMorgan downgraded Enbridge to Neutral from Overweight with a price target of C$69, down from C$74. The company's crude oil segment, which accounts for roughly 50% of its EBITDA, faced below-peer growth prospects even before the Venezuelan competitive threat emerged, the analyst tells investors in a research note. JPMorgan believes Enbridge's per share growth will be "increasingly difficult over time" amid Venezuelan oil supply risk.
Scotiabank
Sector Perform -> Outperform
upgrade
$73
2026-01-16
Reason
Scotiabank
Price Target
$73
2026-01-16
upgrade
Sector Perform -> Outperform
Reason
Scotiabank upgraded Enbridge to Outperform from Sector Perform with a C$73 price target.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for ENB
