Goldman upgraded TC Energy stock to Buy with USD 71 target

Published on 10/13/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman raised its target from USD 69 to USD 71 on September 30, 2026. TC Energy stock costs EUR 54.15 on October 13, 2026.

Goldman Sachs upgraded TC Energy from Neutral to Buy and raised its target from USD 69 to USD 71 on September 30, 2026.
Coastal GasLink Phase 2 is set to nearly double capacity from 2.1 Bcf/d, with construction expected in early 2027.
TC Energy reported CAD 3.96 billion of revenue and CAD 987.0 million of net income in the second quarter of 2026.
The Lang & Schwarz price was EUR 54.15 on October 13, 2026, while market capitalization was USD 63.0 billion on October 12, 2026.

TRP, CA87807B1076, Illustration mit AI erstellt.

Goldman Sachs upgraded TC Energy stock from Neutral to Buy and raised its target from USD 69 to USD 71 on September 30, 2026, according to Business Insider. The recommendation followed what the bank described as an overdone selloff linked to concerns about gas demand growth and higher interest rates.

What Goldman changed

The target increase was USD 2.00, or 2.90 percent versus the previous USD 69 target. Goldman also moved the rating from Neutral to Buy, making the September 30, 2026 note the most recent dated analyst action used here.

The target matters against TC Energy's operating results. Simply Wall St reported revenue of CAD 3.96 billion for the second quarter of 2026, up 5.70 percent from the second quarter of 2025, while net income reached CAD 987.0 million, up 14.00 percent year over year.

Three dated company milestones

On July 30, 2026, TC Energy reported its second-quarter results and sanctioned CAD 700 million of new growth projects, according to the company's investor materials. On September 21, 2026, it agreed to sell the Guadalajara-Manzanillo pipeline for USD 400 million, as reported by MarketScreener.

On September 29, 2026, TC Energy announced that Coastal GasLink Phase 2 would proceed after LNG Canada reached a positive final investment decision. The company said the project will expand the existing 2.1 Bcf/d pipeline by nearly doubling capacity along its 670-kilometer route, with construction expected to begin in early 2027, according to TC Energy.

What does the expansion change?

Coastal GasLink Phase 2 is designed to add compressor stations and upgrade existing facilities rather than build another pipeline. The company said up to 2,100 people could work on the project during peak construction across five sites, while the pipeline remains owned and operated by TC Energy.

The commercial structure also limits the project's construction exposure, because LNG Canada will lead execution while Coastal GasLink remains the owner, operator and permit holder. That arrangement links the growth opportunity to rising LNG demand while leaving execution timing and long-term utilization as central factors.

Next reporting date and stock context

Gekko lists November 5, 2026, as TC Energy's next earnings date. The latest quarterly figures give that report a clear benchmark: revenue was CAD 3.96 billion and net income was CAD 987.0 million in the second quarter of 2026.

TC Energy's market capitalization was USD 63.0 billion on October 12, 2026, with a USD 49.27 to USD 71.47 52-week range. The stock is listed on the TSX and NYSE under ticker TRP, and the company operates energy infrastructure across Canada, the United States and Mexico.

TC Energy stock price in euros

TC Energy stock was trading at EUR 54.15 at Lang & Schwarz on October 13, 2026, at 12:03 p.m. CEST. The price is an intraday indication for investors in Germany.

The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.