Fifth Third Bancorp (FITB) Stock Forecast & Price Target

$46.82 -0.17 (-0.36%)

(As of 11/18/2024 ET)

Fifth Third 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

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
8

Buy
9

Based on 17 Wall Street analysts who have issued ratings for Fifth Third Bancorp in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 8 have given a hold rating, and 9 have given a buy rating for FITB.

Consensus Price Target

$43.09
-7.96% Downside

According to the 17 analysts' twelve-month price targets for Fifth Third Bancorp, the average price target is $43.09. The highest price target for FITB is $54.00, while the lowest price target for FITB is $32.00. The average price target represents a forecasted downside of -7.96% from the current price of $46.82.

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FITB Analyst Ratings Over Time

Type	Current Forecast 11/20/23 to 11/19/24	1 Month Ago 10/21/23 to 10/20/24	3 Months Ago 8/22/23 to 8/21/24	1 Year Ago 11/20/22 to 11/20/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$43.09	$41.78	$40.56	$32.03
Forecasted Upside	-7.96% Downside	-6.47% Downside	-0.30% Downside	15.76% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FITB 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.

FITB 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.

Fifth Third Bancorp Stock vs. The Competition

Type	Fifth Third Bancorp	Finance Companies	S&P 500
Consensus Rating Score	2.53	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-7.96% Downside	12.47% Upside	9.44% Upside
News Sentiment Rating	Positive News See Recent FITB 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
11/15/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $54.00	+14.26%
10/21/2024	Baird R W 0 of 5 stars	D. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/21/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$43.00 ➝ $51.00	+15.07%
10/2/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$46.00 ➝ $47.00	+11.35%
9/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$47.00 ➝ $51.00	+18.99%
7/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $45.00	+10.84%
Get the Latest News and Ratings for FITB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fifth Third Bancorp and its competitors with MarketBeat's FREE daily newsletter.
7/22/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $46.00	+13.27%
7/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$38.00 ➝ $43.00	+6.25%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $43.00	+16.97%
6/11/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$40.00 ➝ $40.00	+14.42%
6/11/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$41.00 ➝ $41.00	+15.10%
5/31/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$43.00	+17.01%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$37.50 ➝ $39.50	+8.34%
4/22/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$37.00 ➝ $39.00	+7.29%
4/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$42.00 ➝ $39.00	+10.26%
4/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$32.00	-14.00%
12/18/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$32.00 ➝ $36.00	+2.56%
9/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$31.00	+14.39%
8/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
7/21/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$32.00 ➝ $33.00	+12.78%
6/15/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$32.00 ➝ $31.00	+19.46%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$44.00 ➝ $37.00	+11.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:35 AM ET.

Should I Buy Fifth Third Bancorp Stock? FITB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Fifth Third Bancorp pros and cons to contact@marketbeat.com.

Fifth Third Bancorp
Bull Case

Here are some ways that investors could benefit from investing in Fifth Third Bancorp:

Fifth Third Bancorp has shown consistent growth in its stock price over the past year, indicating a positive trend in the market.
The company has a strong presence in the financial services sector, offering stability and potential for long-term growth.
Recent analyst ratings have been favorable, with several firms giving the company a "buy" or "outperform" rating, suggesting confidence in its performance.
Fifth Third Bancorp has a diversified portfolio of financial products and services, reducing risk and providing multiple revenue streams.
The company's institutional ownership is high, indicating confidence from large investors and potentially signaling a stable investment opportunity.

Fifth Third Bancorp
Bear Case

Investors should be bearish about investing in Fifth Third Bancorp for these reasons:

Despite recent growth, the stock price of Fifth Third Bancorp may be subject to market volatility, leading to potential fluctuations in investment value.
The financial services sector is highly competitive, and Fifth Third Bancorp faces challenges from other established institutions, impacting its market position.
While analyst ratings have been positive, there is always a level of uncertainty in the market, and unforeseen events could affect the company's performance.
Changes in regulatory environments or economic conditions could impact Fifth Third Bancorp's operations and financial results, posing risks to investors.
Investors should carefully monitor interest rate movements as they can significantly influence the profitability of banks like Fifth Third Bancorp due to their reliance on interest income.

FITB Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Fifth Third Bancorp is $43.09, with a high forecast of $54.00 and a low forecast of $32.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FITB shares.
: According to analysts, Fifth Third Bancorp's stock has a predicted downside of -7.96% based on their 12-month stock forecasts.
: Over the previous 90 days, Fifth Third Bancorp's stock had 1 downgrade by analysts.
: Fifth Third Bancorp has been rated by research analysts at Baird R W, Barclays, Evercore ISI, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
: Analysts like Fifth Third Bancorp more than other "finance" companies. The consensus rating for Fifth Third Bancorp is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how FITB compares to other companies.

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This page (NASDAQ:FITB) was last updated on 11/19/2024 by MarketBeat.com Staff

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Fifth Third Bancorp (FITB) Stock Forecast & Price Target