UBS raises target to CAD 120 for Suncor Energy stock

Published on 10/21/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Suncor Energy posted adjusted EPS of USD 2.33 in Q2 2026 against USD 2.14 estimates. Suncor Energy stock costs EUR 70.39 on October 21, 2026.

Analyst target and reporting date

UBS set a CAD 120.00 target for Suncor Energy on October 15, 2026.
Adjusted earnings per share reached USD 2.33 in the second quarter of 2026 against USD 2.14 consensus.
Suncor Energy stock traded at EUR 70.39 at 11:51 a.m. CEST at Lang & Schwarz on October 21, 2026.
Suncor Energy will release third-quarter results on November 3, 2026.

SU, CA8672241079, Illustration mit AI erstellt.

Suncor Energy (ISIN CA8672241079) traded at EUR 70.39 at Lang & Schwarz on October 21, 2026 at 11:51 a.m. CEST, while UBS had raised its target to CAD 120.00 from CAD 103.00 on October 15, 2026. The target change gives investors a fresh benchmark before the company's next results.

According to Business Insider, UBS maintained its Buy rating and set the CAD 120.00 target on October 15, 2026. The previous target was CAD 103.00, a CAD 17.00 increase.

What did the second quarter show?

Zacks reported that Suncor's adjusted earnings per share reached USD 2.33 in the second quarter of 2026, compared with USD 2.14 consensus. Operating revenue was USD 12.70 billion against USD 10.30 billion expected, a USD 2.40 billion difference.

The financial profile also included CAD 3.73 billion of net income for the second quarter of 2026 in the standardized financial data. That result gives the target increase a stronger operating backdrop, although the upcoming quarter will test whether the second-quarter performance held.

Three milestones shape the story

On October 4, 2026, Suncor agreed to sell offshore interests for CAD 1.20 billion upfront and up to CAD 350.00 million in contingent payments, as Reuters reported. On October 15, 2026, UBS raised its target from CAD 103.00 to CAD 120.00. On October 20, 2026, Suncor announced the date for its third-quarter results.

Which dates come next?

Yahoo Finance reported that Suncor will release third-quarter 2026 results on November 3, 2026, before 7:00 p.m. ET. The company will hold its results webcast on November 4, 2026, at 9:30 a.m. ET.

Price meets a key reporting date

The combination of a higher UBS target, strong second-quarter figures and a fixed November 3 reporting date gives the stock three measurable reference points. The next report will show whether the earnings comparison and cash-generation profile can support the valuation investors are assigning to Suncor.

Suncor Energy was trading at EUR 70.39 at Lang & Schwarz on October 21, 2026 at 11:51 a.m. CEST.

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