Enbridge Inc. (ENB) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$54.21
Price Target
$46.86
Target Range
$42.17 — $63.00
Analyst Rating
Buy
Forward P/E18.0x
Trailing P/E16.8x
Forward PEG1.07
Implied Growth—
Median Target$43.00
Analyst Spread44.4%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$42
-22.2%
Consensus
$47
-13.6%
Bull Case
$63
+16.2%
Valuation Model TargetsConfidence: 46/100
Bear$19
Base$113
Bull$136
ENB Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Enbridge Inc. (ENB) has a Wall Street consensus price target of $46.86, based on estimates from 25 covering analysts. With the stock currently trading at $54.21, this represents a potential downside of -13.6%. The company has a market capitalization of $118.29B.
Analyst price targets range from a low of $42.17 to a high of $63.00, representing a 44% spread in expectations. The median target of $43.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, ENB trades at a trailing P/E of 16.8x and forward P/E of 18.0x. The forward PEG ratio of 1.07 indicates reasonable valuation for growth.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $112.62, with bear and bull scenarios of $18.78 and $135.95 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+4.8%
Avg Forward P/E18.6x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 KMIKinder Morgan, Inc. | $70.3B | $31.58 | $35.00 | +10.8% | Hold | 22.3x | 34 |
 WMBThe Williams Companies, Inc. | $90.2B | $73.76 | $79.00 | +7.1% | Buy | 31.6x | 34 |
 ETEnergy Transfer LP | $68.4B | $19.87 | $19.00 | -4.4% | Buy | 12.3x | 32 |
 EPDEnterprise Products Partners L.P. | $81.2B | $37.56 | $37.00 | -1.5% | Buy | 13.1x | 45 |
 TRPTC Energy Corporation | $68.2B | $65.49 | $62.00 | -5.3% | Hold | 17.5x | 19 |
 MPLXMPLX Lp | $56.5B | $55.66 | $60.25 | +8.2% | Buy | 12.6x | 28 |
 PAAPlains All American Pipeline, L.P. | $15.6B | $22.17 | $22.60 | +1.9% | Buy | 13.8x | 42 |
 OKEONEOK, Inc. | $53.9B | $85.60 | $89.88 | +5.0% | Hold | 15.2x | 39 |
 DTDynatrace, Inc. | $11.4B | $38.21 | $49.81 | +30.4% | Buy | 22.7x | 34 |
 TRGPTarga Resources Corp. | $53.6B | $249.50 | $237.70 | -4.7% | Buy | 24.6x | 33 |
Upside Potential Comparison
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Start ComparisonENB — Frequently Asked Questions
Quick answers to the most common questions about buying ENB stock.
What is the ENB stock price target for 2026?
ENB's consensus price target is $46.86, -13.6% below the current price of $54.213. The 25 analysts tracking ENB see downside risk at present valuations.
Is ENB a buy, sell, or hold?
ENB has a consensus rating of "Buy" based on 25 Wall Street analysts. The rating breakdown is mixed, with 12 Hold ratings making up the largest segment. The consensus 12-month price target of $46.86 implies -13.6% downside from current levels.
Is ENB stock overvalued or undervalued?
With a forward P/E of 17.9597x, ENB trades at a relatively low valuation. The consensus target of $46.86 implies -13.6% move, suggesting the market may be pricing in risks.
How high can ENB stock go?
The most bullish Wall Street analyst has a price target of $63 for ENB, while the most conservative target is $42.1746. The consensus of $46.86 represents the median expectation. Our quantitative valuation model projects a bull case target of $136 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover ENB stock?
ENB is heavily covered by Wall Street, with 25 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 12 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ENB stock forecast?
The 12-month ENB stock forecast based on 25 Wall Street analysts shows a consensus price target of $46.86, with estimates ranging from $42.1746 (bear case) to $63 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $113, with bear/bull scenarios of $19/$136.
What is ENB's fair value based on fundamentals?
Our quantitative valuation model calculates ENB's fair value at $113 (base case), with a bear case of $19 and bull case of $136. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
What is ENB's forward P/E ratio?
ENB trades at a forward P/E ratio of 18.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.8x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy ENB stock?
Analysts are cautious on ENB, with 1 Sell ratings and a price target of $46.86 (-13.6% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ENB price targets vary so much?
ENB analyst price targets range from $42.1746 to $63, a 44% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $46.86 consensus represents the middle ground. Our model's $19-$136 range provides an independent fundamental perspective.