Suncor Energy stock: Desjardins raises target to CAD 117.00

Published on 10/23/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Suncor reported C$17.50 billion in second-quarter revenue. Suncor Energy stock costs EUR 70.77 on October 23, 2026 at Lang & Schwarz.

Analyst target and earnings

Desjardins raised its Suncor Energy target from CAD 110.00 to CAD 117.00 on October 20, 2026.
Suncor reported C$17.50 billion in second-quarter revenue and C$3.23 earnings per share.
Suncor Energy stock costs EUR 70.77 at Lang & Schwarz on October 23, 2026.
The next earnings date is November 4, 2026.

SU, CA8672241079, Illustration mit AI erstellt.

Suncor Energy (ISIN CA8672241079) is facing a higher valuation yardstick after Desjardins lifted its price target from CAD 110.00 to CAD 117.00 and maintained a Buy rating on October 20, 2026, as reported by MarketBeat. Suncor Energy stock was at EUR 70.77 at Lang & Schwarz on October 23, 2026 at 4:05 p.m. CEST.

Revenue sets the operating backdrop

Suncor reported C$17.50 billion of revenue and C$3.23 in earnings per share for the second quarter of 2026, according to MarketBeat. The report was released on August 4, 2026. The quarterly revenue figure gives the target a measurable operating base while the higher analyst target sets the market's current valuation reference.

Stock stays near its yearly high

The primary-market quote was USD 79.16 on October 23, 2026 at 2:15 p.m. UTC, equivalent to 10:15 a.m. ET during the open NYSE session. The same quote showed a USD 38.72 to USD 80.25 52-week range, placing the stock USD 1.09 below its yearly high, or 1.36 percent. Suncor's market capitalization was USD 93.5 billion and its price-to-earnings ratio was 14.73 on that date.

What comes next for earnings?

Suncor's next earnings date is November 4, 2026, according to Simply Wall St. The upcoming report will give investors a fresh comparison point for the second-quarter revenue of C$17.50 billion and earnings per share of C$3.23. The timing also provides a defined date for testing whether the recent target revisions are supported by the next reported period.

Integrated operations remain central

Suncor operates an integrated energy business spanning oil sands production, refining, petroleum distribution and energy trading. Its investor materials identify TSX:SU and NYSE:SU as the listed symbols, while the company describes its portfolio as long-life and physically integrated. The business mix links upstream production with refining and retail operations, so quarterly earnings can reflect both production volumes and downstream conditions.

Price and analyst view

Desjardins' CAD 117.00 target is one of several recent Canadian-dollar estimates cited in MarketBeat. The report also cited a consensus target of CAD 103.06 and 12 analyst ratings, including eight Buy ratings, three Hold ratings and one Strong Buy rating. Those figures provide context for the target change, but they do not replace the company's next quarterly operating update.

Price and investor perspective

The euro quotation from Lang & Schwarz stood at EUR 70.77 on October 23, 2026 at 4:05 p.m. CEST. Suncor Energy stock is also listed on the NYSE and TSX, with the NYSE quote at USD 79.16 during the October 23 session. The next scheduled earnings date is November 4, 2026.

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