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Barclays Raises Energy Transfer (ET) Price Target, Says Stock Remains Undervalued
Barclays has raised its price target for Energy Transfer LP (NYSE:ET) to $23, up from $22, while maintaining an Overweight rating. The firm cites a favorable outlook for U.S. crude production and believes Energy Transfer is undervalued, supported by strong Q1 earnings that included nearly $4.9 billion in adjusted EBITDA and a positive revision of its 2026 financial guidance.
Key points
Barclays increased Energy Transfer's price target to $23 from $22.
Energy Transfer reported nearly $4.9 billion in adjusted EBITDA for Q1 2026.
The company expects 2026 adjusted EBITDA guidance to range between $18.2 billion and $18.6 billion.