Should You Buy Suncor Energy Inc (Canada) (SU) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
53.000
1 Day change
1.86%
52 Week Range
53.190
Analysis Updated At
2026/01/26
Suncor Energy Inc. (SU) is not an immediate buy for a beginner investor with a long-term horizon and $50,000-$100,000 to invest. While the stock has some positive catalysts like hedge fund buying and analyst upgrades, the lack of strong technical signals, mixed financial performance, and recent operational challenges suggest holding off for now.
Technical Analysis
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200) and a positive MACD histogram at 0.396, indicating an upward trend. However, the RSI_6 at 75.564 is in the neutral zone, and the stock is nearing resistance levels (R1: 50.826, R2: 52.115), which may limit immediate upside potential.
Options Data
Neutral
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Technical Summary
Sell
5
Buy
10
Positive Catalysts
Hedge funds are significantly increasing their positions in the stock, with a 175.72% increase in buying over the last quarter.
Analysts from Goldman Sachs, RBC Capital, and JPMorgan have recently upgraded their price targets and ratings, citing strong operational performance and potential upside.
The upcoming Investor Day on March 31 is expected to provide refreshed financial targets and operational updates, which could act as a catalyst for the stock.
Neutral/Negative Catalysts
Recent on-site fatality at Suncor's Fort Hills site may raise operational and reputational concerns.
Financial performance in Q3 2025 showed declining revenue (-2.61% YoY), net income (-19.85% YoY), and EPS (-15.72% YoY), which could weigh on investor sentiment.
The stock's implied volatility percentile is low (21.2), suggesting limited near-term price movement.
Financial Performance
In Q3 2025, Suncor's revenue dropped by 2.61% YoY to $12.55 billion, net income fell by 19.85% YoY to $1.62 billion, and EPS declined by 15.72% YoY to $1.34. However, gross margin improved by 3.52% YoY to 50.59%, indicating some operational efficiency.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Analysts are mixed but leaning positive. Goldman Sachs raised its price target to $54 and maintains a Buy rating, citing strong operational performance and efficiency improvements. JPMorgan upgraded the stock to Overweight with a price target of C$75, citing supply-side risks and valuation. RBC Capital raised its price target to $70 and expects the upcoming Investor Day to narrow the perception gap in valuation. However, Morgan Stanley lowered its price target to C$60, citing lighter cash flow expectations.
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 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 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: 52.030
Low
41.06
Averages
49.83
High
70
Current: 52.030
Low
41.06
Averages
49.83
High
70
BofA
Neutral
maintain
$65 -> $72
AI Analysis
2026-01-27
New
Reason
BofA
Price Target
$65 -> $72
AI Analysis
2026-01-27
New
maintain
Neutral
Reason
BofA raised the firm's price target on Suncor to C$72 from C$65 and keeps a Neutral rating on the shares. The firm updates its price targets for Integrateds, Refining, and Midstream stocks under its coverage, the analyst tells investors. BofA notes the removal of Maduro in Venezuela and the unrest in Iran have lifted front month crude prices. The firm sees a blend of geopolitical and company specific catalysts ahead.
Morgan Stanley
Equal Weight
downgrade
$63 -> $60
2026-01-23
Reason
Morgan Stanley
Price Target
$63 -> $60
2026-01-23
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Suncor to C$60 from C$63 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for SU
