Sempra stock holds steady as investors weigh upside to earnings and data center demand
Sempra stock is holding steady in the mid-$80s, with analysts predicting a 20.2% upside to its consensus price target of $103.92. This optimism is fueled by the company's strong earnings profile and the increasing power demands from the growing data center sector, particularly through its majority ownership in Oncor, a large Texas utility. The absence of sell ratings and continued analyst coverage suggest a constructive outlook for Sempra's regulated utility and infrastructure businesses.
Why it matters
Attributed market update with source link for portfolio context.