Valley National Bancorp (VLY) Stock Forecast & Price Target

$8.77

-0.04 (-0.45%)

(As of 09/27/2024 ET)

Valley National Bancorp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
6

Buy
1

Based on 8 Wall Street analysts who have issued ratings for Valley National Bancorp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 6 have given a hold rating, and 1 has given a buy rating for VLY.

Consensus Price Target

$8.56
-2.37% Downside

According to the 8 analysts' twelve-month price targets for Valley National Bancorp, the average price target is $8.56. The highest price target for VLY is $10.00, while the lowest price target for VLY is $7.00. The average price target represents a forecasted downside of -2.37% from the current price of $8.77.

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VLY Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$8.56	$8.67	$8.67	$11.07
Forecasted Upside	-2.37% Downside	0.54% Upside	24.16% Upside	30.87% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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VLY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

VLY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Valley National Bancorp Stock vs. The Competition

Type	Valley National Bancorp	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-3.58% Downside	12.21% Upside	5.87% Upside
News Sentiment Rating	Positive News See Recent VLY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	Wedbush 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$9.00 ➝ $10.00	+12.23%
8/5/2024	Morgan Stanley 3 of 5 stars		Upgrade	Underweight ➝ Equal Weight	$8.00 ➝ $9.50	+22.58%
7/26/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$8.00 ➝ $9.00	+9.89%
7/26/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Perito Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$8.00 ➝ $8.50	+5.33%
6/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$8.50 ➝ $8.00	+20.48%
6/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$8.00 ➝ $7.00	+4.17%
Get the Latest News and Ratings for VLY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Valley National Bancorp and its competitors with MarketBeat's FREE daily newsletter.
3/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$11.00 ➝ $8.50	+12.88%
10/30/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$9.00 ➝ $8.00	+3.76%
9/5/2023	Hovde Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$11.50	+21.82%
5/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:33 PM ET.

VLY Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Valley National Bancorp is $8.56, with a high forecast of $10.00 and a low forecast of $7.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valley National Bancorp in the last year. There is currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" VLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VLY, but not buy additional shares or sell existing shares.
: According to analysts, Valley National Bancorp's stock has a predicted downside of -2.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Valley National Bancorp's stock had 1 upgrade by analysts.
: Valley National Bancorp has been rated by research analysts at Keefe, Bruyette & Woods, Morgan Stanley, Royal Bank of Canada, and Wedbush in the past 90 days.
: Analysts like Valley National Bancorp less than other "finance" companies. The consensus rating score for Valley National Bancorp is 2.00 while the average consensus rating score for "finance" companies is 2.46. Learn more on how VLY compares to other companies.