DT Midstream

DTM · NYSE

$122.48+$0.00 (+0.00%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $122.48

DTM analyst rating

HoldConsensus of 14 analysts over the last 12 months. 57% rate it a buy.

Strong buy0
Buy8
Hold5
Underperform0
Sell1

12-month price target · 17 analysts

Average $155.33 (+26.8% upside)

Low: $131.30
Now: $122.48
High: $178.50

Upgrades and downgrades

The latest rating actions, newest first

DTM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 6, 2026	Maintains	Equal-Weight	$143.00 → $142.00	71%
Jefferies	Sep 16, 2026	Maintains	Buy	$155.00 → $145.00	57%
Scotiabank	Sep 10, 2026	Maintains	Sector Outperform	$176.00 → $168.00	74%
Morgan Stanley	Sep 10, 2026	Upgrade	Equal-Weight → Overweight	$170.00	61%
Wolfe Research	Aug 26, 2026	Upgrade	Peer Perform → Outperform	$145.00	47%
Mizuho	Jul 31, 2026	Maintains	Neutral	$153.00 → $147.00	67%
Jefferies	Jul 16, 2026	Maintains	Buy	$164.00 → $170.00	57%
JP Morgan	Jul 8, 2026	Maintains	Neutral	$146.00 → $154.00	57%
Scotiabank	May 26, 2026	Initiates	Sector Outperform	$176.00	74%
UBS	May 15, 2026	Maintains	Buy	$152.00 → $170.00	60%

The case for and against

Updated Apr 17, 2026

Bull case

DT Midstream Inc has demonstrated a strong positive outlook, supported by a substantial increase in its 5-year organic project backlog, now valued at $3.4 billion, reflecting a 50% growth. The company's commitment to a dividend growth target of 5-7% annually aligns with its expectations for EBITDA growth, indicating solid financial performance driven by secure cash flows from take or pay contracts and minimum volume commitments. Additionally, management anticipates robust demand growth for utilities, particularly in the Northwestern Ohio region, positioning DT Midstream favorably amidst rising utility and LNG demand.

Bear case

DT Midstream Inc concludes the quarter with $3.32 billion in debt, reflecting a minor reduction from the previous quarter but still indicating ongoing leverage challenges. The company's heavy dependence on Expand Energy for revenue generation, coupled with significant asset concentration in the Haynesville and Northeast regions, heightens its exposure to market fluctuations and potential revenue volatility. Additionally, external economic pressures, such as a possible recession, increasing regulatory scrutiny, and rising interest rates, pose substantial risks to the company's operational stability and long-term growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.