WallStSmart
BCE

BCE Inc

NYSE: BCE · COMMUNICATION SERVICES · TELECOM SERVICES

$23.26
-1.02% today

Updated 2026-04-29

Market cap
$21.91B
P/E ratio
4.75
P/S ratio
0.90x
EPS (TTM)
$4.95
Dividend yield
9.80%
52W range
$20 – $26
Volume
3.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

BCE Inc (BCE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$23.26
Consensus
$30.50
+31.13%
2030 Target
$386.31
+1560.83%
DCF
$41.39
+38.03% MoS
2 analysts:
1 Buy6 Hold3 Sell

Management guidance

BCE management announced AI-driven solutions revenue target of $2 billion by 2028, representing significant new revenue stream beyond core telecom. Company is pursuing $7 billion in asset sales to reduce debt while investing $1.7 billion in 300 MW AI data center in Saskatchewan with Cerebras/CoreWeave partnership.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$643.04
$30.1B Rev × 20x P/S
Base case (2030)
$386.31
$30.1B Rev × 12x P/S
Bear case (2030)
$256.72
$30.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$24.7B$24.4B$24.4B$25.4B$26.1B$27.2B$28.6B$30.1B
Revenue growth—-1.1%0.2%3.8%2.8%4.2%5.1%5.2%
EPS$3.21$0.93$2.80$2.60$2.85$3.20$3.65$4.10
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$325.19$334.97$349.64$366.75$386.31

Catalysts & risks

Growth catalysts
+ AI solutions revenue acceleration targeting $2B by 2028
+ 300 MW sovereign AI data center in Saskatchewan operational (2026-2027)
+ $7 billion asset monetization plan reducing debt and funding growth
+ Q1 2026 earnings results (May 7, 2026) and full-year guidance
+ Motorola LMR business divestiture ($675M, Q4 2026)
+ Recovery in ARPU and wireless subscriber growth post-turnaround
Key risks
- TD Securities downgrade to Hold citing reduced ARPU growth estimates and revenue miss on Q4 2025
- Persistent telecom market maturity with only 0.24% YoY revenue growth in 2025
- Regulatory pressures and dividend sustainability concerns amid stagnant core growth
- High debt burden (Debt/Eq 1.78) limiting financial flexibility despite asset sales
- AI data center capex ($1.7B) creates near-term cash flow headwinds before monetization
- Competitive pressure from TELUS (targeting $2B AI revenue by 2028) and other telecom peers

Methodology

BCE Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 2 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.