Analysts lift fair value to CA$115.20 for Suncor Energy stock

Suncor Energy (ISIN CA8672241079) received a higher fair value estimate of CA$115.20, up from CA$107.35, in an update shared on October 28, 2026. The change gives the valuation discussion a new model-based angle beyond the recent wave of individual analyst target increases, according to Simply Wall St.

Valuation assumptions shift higher

The fair value moved 7.31 percent between the two estimates. The update links the higher outcome to stronger assumptions around refining margins, distillate exposure and cash generation.

The model also lifted its net profit margin assumption from 12.00 percent to 14.60 percent. At the same time, its future price-to-earnings multiple fell from 21.35 to 18.77, showing that the higher fair value did not depend on a higher valuation multiple alone.

What changed in valuation?

The model uses a 6.44 percent discount rate and forecasts revenue of CA$54.60 billion with earnings of CA$8.00 billion for the future period shown in the update. These are model inputs rather than reported results, so the fair value remains sensitive to refining conditions, oil prices and execution during Suncor's leadership transition.

Stock context

Suncor's investor-relations page identifies the company under both TSX:SU and NYSE:SU, linking the business to Canadian and US equity markets through Suncor Energy. The new valuation estimate therefore sits alongside, rather than replaces, the market's separate analyst targets.

At Lang & Schwarz, Suncor Energy stock was trading at EUR 69.64 on October 29, 2026 at 12:36 p.m. CET. A later earnings update will provide the next company-reported test of the assumptions used in the valuation model.

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

Market context: Market report S&P/TSX Composite.

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