Goldman upgrades TC Energy stock to Buy with a USD 71 target

Published on 10/12/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised its target from USD 69 to USD 71 on September 30, 2026. TC Energy stock costs EUR 54.23 on October 12, 2026 as Goldman sees USD 71.

Key points in brief

Goldman Sachs upgraded TC Energy to Buy and raised its price target from USD 69 to USD 71 on September 30, 2026.
TC Energy reported CAD 3.96 billion in revenue for the second quarter of 2026 on July 30, 2026.
TC Energy stock was trading at EUR 54.23 at Lang & Schwarz on October 12, 2026 at 11:44 a.m. CEST.
The company expects a CAD 0.8775 dividend payment on October 30, 2026, with third-quarter results expected on November 5, 2026.

TRP, CA87807B1076, Illustration mit AI erstellt.

TC Energy (ISIN CA87807B1076) was trading at EUR 54.23 at Lang & Schwarz on October 12, 2026 at 11:44 a.m. CEST. GuruFocus reported that Goldman Sachs upgraded TC Energy from Neutral to Buy and raised its price target from USD 69 to USD 71 on September 30, 2026.

Three milestones shape the story

On July 30, 2026, TC Energy reported second-quarter revenue of CAD 3.96 billion and diluted earnings per share of CAD 0.95. Those figures compare with CAD 3.86 billion in revenue and CAD 0.86 in diluted earnings per share for the first quarter of 2026, based on the company investor materials.

On September 21, 2026, TC Energy agreed to sell its Guadalajara-Manzanillo Pipeline for gross proceeds of USD 400 million. FinanzNachrichten reported that the transaction is expected to close in the first half of 2027.

On September 30, 2026, Goldman Sachs raised its target from USD 69 to USD 71. The move followed concerns about natural gas demand growth and higher interest rates, which Goldman described as having weighed too heavily on the stock.

What does the expansion add?

TC Energy's Coastal GasLink Phase 2 provides the clearest operating counterpoint to the valuation debate. FinanzNachrichten reported on September 29, 2026 that the project will nearly double Coastal GasLink capacity from approximately 2.1 Bcf per day and extend infrastructure along its 670-kilometer route.

Construction is expected to begin in early 2027, with service anticipated in the early 2030s. The project therefore adds a long-dated growth component to a business whose investor case also rests on regulated pipelines and long-term contracts.

Dividend and results dates

MarketBeat lists a CAD 0.8775 quarterly dividend payable on October 30, 2026, while Zacks expects the next earnings release on November 5, 2026. The dates give the market two concrete checkpoints after the Goldman upgrade.

Stock price and trading context

TC Energy was trading at EUR 54.23 at Lang & Schwarz on October 12, 2026 at 11:44 a.m. CEST. The primary listing is on the NYSE under TRP, while the company also trades on the TSX; the U.S. quote stood at USD 60.05 on October 9, 2026 at 4:00 p.m. ET, with a 52-week range of USD 49.27 to USD 71.47 and market capitalization of USD 62.5 billion.

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