Morgan Stanley cuts target for Entergy stock to USD 98.00

Published on 10/01/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Entergy reported USD 3.52 billion revenue against USD 3.49 billion consensus. Entergy stock has USD 4.25-4.45 fiscal 2026 earnings guidance.

ETR, US29364G1058, Illustration mit AI erstellt.

Entergy Corporation (ISIN US29364G1058) received a lower price target from Morgan Stanley, which cut its view from USD 105.00 to USD 98.00 on September 18, 2026. The change leaves the analyst at an equal-weight rating and gives the latest research a clear valuation signal for Entergy stock.

Morgan Stanley lowers its target

According to MarketBeat on September 18, 2026, Morgan Stanley reduced the Entergy target from USD 105.00 to USD 98.00 while maintaining an equal-weight rating. The report also cited a potential downside of 3.79 percent from the prior close, calculated by the publisher from the then-current US share price and the new target.

The target cut contrasts with the broader analyst picture. MarketBeat reported on September 1, 2026, that 17 of 20 analysts rated Entergy a Buy, three rated it a Hold, and the average 12-month target was USD 120.84.

Second-quarter figures beat consensus

Entergy reported USD 3.52 billion of revenue in the second quarter of 2026, above the USD 3.49 billion consensus cited by MarketBeat. Earnings per share were USD 1.03 against a USD 1.01 consensus, while fiscal 2026 earnings guidance remained USD 4.25-4.45 per share.

The figures provide a quantified counterweight to the Morgan Stanley target cut: quarterly revenue exceeded consensus by USD 30.0 million, while earnings per share exceeded consensus by USD 0.02. The comparison is based on the same second-quarter reporting period and the same actual-versus-consensus framework.

Utility scale supports the thesis

Entergy generates, transmits and distributes electricity through regulated utility operations in Arkansas, Louisiana, Mississippi and Texas. Its investor-relations page says the company serves more than 3 million customers and is investing in natural gas, nuclear and renewable generation, a business mix that links earnings visibility to regulated demand and capital spending.

Entergy is listed on the New York Stock Exchange under ticker ETR, as shown in the company's September 2, 2026 filing with the SEC. The filing also said Entergy delivered 11,145,984 shares in settlement of forward sale agreements for total cash proceeds of USD 913.0 million on September 2, 2026.

Stock remains below yearly high

Entergy had a market capitalization of USD 46.3 billion and a 52-week range of USD 90.87 to USD 118.45 as of September 30, 2026. Yahoo Finance lists October 29, 2026 as the next earnings date, giving the market a defined reporting milestone after the second-quarter results.