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TC Energy Corporation (NYSE:TRP) is included among the 14 Best Infrastructure Stocks to Buy Now.

TC Energy Corporation (NYSE:TRP) is one of North America’s leading energy infrastructure companies with operations in the natural gas and power industries.

On April 1, Morgan Stanley raised its price target on TC Energy Corporation (NYSE:TRP) from C$93 to C$101, while maintaining an ‘Overweight’ rating on the shares. The bumped target indicates an upside of more than 19% from the current price levels.

In Morgan Stanley’s weekly update on midstream and renewable energy infrastructure, the firm highlighted that the midstream sector has received increased attention compared to the higher torque energy subsectors since the onset of the Middle East conflict. However, the analyst warned that investors have now ‘started to sharpen their pencils on potential estimate revisions’ in the midstream space.

TC Energy Corporation (NYSE:TRP) is targeting a comparable EBITDA in the range of $11.6 billion to $11.8 billion for FY 2026, representing a growth of over 6% YoY at the midpoint. The company also expects its comparable EPS for the year to be higher than 2025 levels. Meanwhile, TC Energy’s CapEx for 2026 is projected to be between $6 billion and $6.5 billion, prior to adjustments for non-controlling interests.

While we acknowledge the potential of TRP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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