Enbridge (ENB) Price Target Raised to C$77 Following Strong Q4 Results

Core Viewpoint - Enbridge Inc. is recognized as one of the top LNG stocks to invest in, with a recent price target increase reflecting positive market sentiment following strong financial results [1][6]. Financial Performance - Enbridge reported a significant increase in net profit for Q4 2025, quadrupling to C$1.95 billion from C$493 million in Q4 2024, indicating strong operational performance [3]. - The company beat estimates in both earnings and revenue for the quarter, showcasing its robust financial health [3]. Project Backlog and Future Growth - Enbridge has a project backlog valued at approximately C$39 billion as of the end of FY 2025, with around C$8 billion expected to come into service in the current year [3]. - The company anticipates a growth rate of 5% through the end of the decade, supported by its extensive project pipeline [3]. Price Target and Analyst Ratings - Citi has raised its price target for Enbridge from C$75 to C$77, suggesting an upside potential of over 7% from current levels, while maintaining a 'Buy' rating on the shares [2][6]. - For FY 2026, Enbridge expects its EBITDA to be between $20.2 billion and $20.8 billion, with DCF projected to range between $5.70 and $6.10 per share [4].