Entergy stock hits record high after Meta partnership

Entergy stock hit a record $115.32, up 49% in a year, after a major Meta data center deal. Analysts raised targets, but shares may be overvalued.

Entergy Corporation stock surged to an all-time high of $115.32, delivering a 49.37% return over the past year and a 25% gain year-to-date. This impressive rally highlights strong investor confidence in Entergy’s strategic initiatives and operational efficiency. Despite the momentum, InvestingPro’s Fair Value analysis suggests the stock may be trading above its intrinsic value. The price is near its 52-week high, and the RSI indicates overbought conditions, signaling potential caution for new investors. The recent rally followed Entergy’s partnership with Meta Platforms to expand the Hyperion data center by 5.2 gigawatts, fully funded by Meta. This expansion brings total capacity to about 7.5 gigawatts. In response, analysts revised their forecasts, with BTIG raising its price target to $131 and maintaining a Buy rating.