Wall Street Analysts Predict a 28.13% Upside in Energy Transfer LP (ET): Here's What You Should Know

Core Viewpoint - Energy Transfer LP (ET) shows potential for significant upside, with a mean price target of $23 indicating a 28.1$17.95 [1] Price Targets and Analyst Consensus - The average price target for ET is based on 15 short-term estimates, ranging from a low of $19 to a high of$26, with a standard deviation of $1.96, suggesting a moderate agreement among analysts [2] - The lowest estimate indicates a 5.9% increase, while the highest suggests a 44.9% upside, highlighting the variability in analyst predictions [2][9] - A tight clustering of price targets, indicated by a low standard deviation, suggests a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding ET's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - Over the past 30 days, two earnings estimates for ET have been revised upward, resulting in a 1.9% increase in the Zacks Consensus Estimate [12] Zacks Rank and Investment Potential - ET holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside in the near term [13]