Duke Energy, US26441C2044

HSBC starts Duke Energy stock coverage with a USD 123 target

Published on 10/23/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC set a USD 123.00 target after starting coverage. Duke Energy stock was at EUR 111.93 on October 23, 2026, with Q3 results due November 5.

Coverage adds a valuation test

HSBC began coverage with a Hold rating and a USD 123.00 target on October 22, 2026.
Duke Energy reported adjusted earnings per share of USD 1.43 for the second quarter of 2026.
Duke Energy stock was trading at EUR 111.93 at 11:09 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Duke Energy stock (ISIN US26441C2044) was trading at EUR 111.93 at Lang & Schwarz on October 23, 2026, at 11:09 a.m. CEST. HSBC started coverage with a Hold rating and a USD 123.00 price target on October 22, 2026, according to Investing.com.

Three dated catalysts

On August 4, 2026, Duke Energy reported adjusted earnings per share of USD 1.43 for the second quarter, compared with USD 1.25 a year earlier, while its reported earnings per share reached USD 1.38, according to Yahoo Finance.

On October 21, 2026, Morgan Stanley raised its Duke Energy target from USD 127.00 to USD 128.00 while keeping an Equal Weight rating, as reported by Markets Insider.

On October 22, 2026, HSBC initiated coverage with a Hold rating and a USD 123.00 target, making valuation the latest issue for the stock.

What does the 2026 plan target?

Duke Energy's second-quarter revenue was USD 7.59 billion, up 1.10 percent year over year, while adjusted earnings per share exceeded the USD 1.32 consensus estimate by USD 0.11, according to Investing.com. Management reaffirmed adjusted earnings per share guidance of USD 6.55 to USD 6.80 for 2026 and annual earnings per share growth of 5 percent to 7 percent through 2030. The company also reported a 15.4 gigawatt large-load pipeline, including 7.8 gigawatts covered by electric service agreements.

Results date is November 5

Duke Energy will publish third-quarter 2026 results on November 5, 2026, at 7:00 a.m. ET, followed by an analyst call at 10:00 a.m. ET. A recording is scheduled for November 6, 2026, according to the company's investor release from October 6, 2026, carried by Duke Energy. The company identifies itself in the release as NYSE-listed under the ticker DUK.

Stock keeps the earnings test ahead

The next report will test whether large-load investment and regulated utility growth can support the reaffirmed earnings range. HSBC's USD 123.00 target sits below the USD 128.00 level set by Morgan Stanley one day earlier, showing a spread in valuation assumptions.

Duke Energy was trading at EUR 111.93 at Lang & Schwarz on October 23, 2026, at 11:09 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Duke Energy stock.