Should I Buy TRP? TRP 2026 Analysis

Should You Buy TC Energy Corp (TRP) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

58.280

1 Day change

-1.62%

52 Week Range

59.440

Analysis Updated At

2026/01/26

TC Energy Corp (TRP) is not a strong buy for a beginner investor with a long-term strategy at this moment. While the stock shows some positive technical indicators and a bullish trend, the recent financial performance, particularly the significant drop in net income and EPS, raises concerns. Additionally, there are no strong proprietary trading signals or recent news catalysts to support an immediate buy decision.

Technical Analysis

The stock is showing a bullish trend with positive MACD, bullish moving averages (SMA_5 > SMA_20 > SMA_200), and pre-market price up 2.12%. RSI is neutral at 71.696, and key resistance levels are being tested. However, the stock's short-term projected growth is modest, with a 50% chance of a 0.99% increase in the next day and 2.34% in the next month.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Analysts have recently raised price targets, with several upgrades to Outperform ratings. The company has extended its three-year outlook to 2028, indicating confidence in its long-term growth opportunities. Gross margin has increased YoY, reflecting operational efficiency.

Neutral/Negative Catalysts

Net income and EPS have dropped significantly YoY (-58.20% and -57.86%, respectively), which could indicate underlying challenges. There is no recent significant news or congress trading data to act as a catalyst. Hedge funds and insiders are neutral, showing no strong buying interest.

Financial Performance

In Q3 2025, revenue increased by 10.30% YoY to $3.704 billion, but net income dropped by 58.20% YoY to $609 million. EPS also declined by 57.86% YoY to 0.59. Gross margin improved slightly by 3.58% YoY to 50%. Overall, financial performance is mixed, with revenue growth overshadowed by declining profitability.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent analyst ratings are mixed but lean positive. Multiple firms, including Morgan Stanley, RBC Capital, and BMO Capital, have raised price targets and upgraded the stock to Outperform. The average price target is around C$81-C$83, suggesting potential upside, but the Neutral ratings from Citi and TD Securities indicate caution.

11 Analyst Rating

Wall Street analysts forecast TRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRP is 60.39 USD with a low forecast of 53.31 USD and a high forecast of 78 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.

8 Buy

3 Hold

0 Sell

Moderate Buy

Current: 59.240

Low

53.31

Averages

60.39

High

Current: 59.240

Low

53.31

Averages

60.39

High

Morgan Stanley

Overweight

maintain

$92 -> $93

AI Analysis

2026-01-28

New

Reason

Morgan Stanley

Price Target

$92 -> $93

AI Analysis

2026-01-28

New

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on TC Energy to C$93 from C$92 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. Morgan Stanley notes the earnings season started with strong results and the energy sector had led performance in the S&P given strength across commodity prices.

JPMorgan

Jeremy Tonet

maintain

$82 -> $83

2026-01-27

New

Reason

JPMorgan

Jeremy Tonet

Price Target

$82 -> $83

2026-01-27

New

maintain

Reason

JPMorgan analyst Jeremy Tonet raised the firm's price target on TC Energy to C$83 from C$82 and keeps an Overweight rating on the shares. The firm updated the company's model.

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TRP Should I Buy

TRP Should I Buy

Should You Buy TC Energy Corp (TRP) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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