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Prudential Financial (PRU) Stock Forecast & Price Target

$109.46
+0.74 (+0.68%)
(As of 08/9/2024 ET)

Prudential Financial - 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

Based on 12 Wall Street analysts who have issued ratings for Prudential Financial in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 12 analysts, 2 have given a sell rating, 9 have given a hold rating, and 1 has given a buy rating for PRU.

Consensus Price Target

$118.25
8.03% Upside
High Forecast$141.00
Average Forecast$118.25
Low Forecast$99.00

According to the 12 analysts' twelve-month price targets for Prudential Financial, the average price target is $118.25. The highest price target for PRU is $141.00, while the lowest price target for PRU is $99.00. The average price target represents a forecasted upside of 8.03% from the current price of $109.46.

TypeCurrent Forecast
8/12/23 to 8/11/24
1 Month Ago
7/13/23 to 7/12/24
3 Months Ago
5/14/23 to 5/13/24
1 Year Ago
8/12/22 to 8/12/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
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)
1 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$118.25$116.67$111.08$101.27
Forecasted Upside8.03% Upside7.75% Upside6.74% Upside5.57% Upside
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PRU 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.
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PRU 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.
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Prudential Financial Stock vs. The Competition

TypePrudential FinancialFinance CompaniesS&P 500
Consensus Rating Score
1.92
2.45
2.50
Consensus RatingReduceHoldModerate Buy
Predicted Upside8.03% Upside43.53% Upside12.32% Upside
News Sentiment RatingPositive News
Positive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024Citigroup
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$104.00 ➝ $120.00-3.61%
7/10/2024Morgan Stanley
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$120.00 ➝ $123.00+2.77%
7/8/2024Keefe, Bruyette & Woods
4 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$118.00 ➝ $121.00+3.56%
7/2/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$118.00 ➝ $128.00+8.73%
6/28/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$143.00 ➝ $141.00+19.98%
5/6/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$125.00 ➝ $121.00+7.79%
4/25/2024Evercore ISI
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 Boost TargetUnderperform ➝ Underperform$115.00 ➝ $116.00+4.55%
4/11/2024Wells Fargo & Company
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 Boost TargetUnderweight ➝ Underweight$100.00 ➝ $106.00-4.45%
2/12/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$108.00 ➝ $112.00+4.56%
2/9/2024Raymond James
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 DowngradeStrong-Buy ➝ Market Perform
10/4/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$99.00+8.56%
9/8/2023Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$100.00+5.09%
8/4/2023Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$91.00 ➝ $101.00+4.35%
5/15/2023VNET Group
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 Reiterated RatingMaintains
1/9/2023The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell$98.00 ➝ $96.00-4.96%
9/29/2022Credit Suisse Group
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 Lower Target$102.00+18.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:15 PM ET.

PRU Forecast - Frequently Asked Questions

What is Prudential Financial's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Prudential Financial is $118.25, with a high forecast of $141.00 and a low forecast of $99.00.

Should I buy or sell Prudential Financial stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prudential Financial in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" PRU shares.

Does Prudential Financial's stock price have much upside?

According to analysts, Prudential Financial's stock has a predicted upside of 6.84% based on their 12-month stock forecasts.

Has Prudential Financial been upgraded by Wall Street analysts recently?

Over the previous 90 days, Prudential Financial's stock had 1 upgrade by analysts.

What analysts cover Prudential Financial?

Prudential Financial has been rated by research analysts at Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, and Morgan Stanley in the past 90 days.

Do Wall Street analysts like Prudential Financial more than its competitors?

Analysts like Prudential Financial less than other "finance" companies. The consensus rating for Prudential Financial is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how PRU compares to other companies.


This page (NYSE:PRU) was last updated on 8/11/2024 by MarketBeat.com Staff

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