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Principal Financial Group (PFG) Stock Forecast & Price Target

$79.26
+0.89 (+1.14%)
(As of 10:20 AM ET)
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Principal Financial Group - 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

Reduce
Based on 10 Analyst Ratings

Consensus Price Target

$82.60
4.21% Upside
High Forecast$96.00
Average Forecast$82.60
Low Forecast$62.00
TypeCurrent Forecast
7/9/23 to 7/8/24		1 Month Ago
6/9/23 to 6/8/24		3 Months Ago
4/10/23 to 4/9/24		1 Year Ago
7/9/22 to 7/9/23
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
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
9 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$82.60$80.30$77.64$76.92
Forecasted Upside4.21% Upside4.83% Upside3.23% Upside-5.15% Downside

PFG 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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PFG 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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Principal Financial Group Stock vs. The Competition

TypePrincipal Financial GroupFinance CompaniesS&P 500
Consensus Rating Score
1.90
2.44
2.50
Consensus RatingReduceHoldModerate Buy
Predicted Upside5.40% Upside63.19% Upside12.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderweight ➝ Neutral$88.00 ➝ $96.00+23.06%
6/28/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$74.00 ➝ $78.00-1.39%
4/29/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$91.00 ➝ $85.00+5.84%
4/15/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$81.00 ➝ $82.00+2.99%
4/11/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetIn-Line ➝ In-Line$84.00 ➝ $86.00+7.06%
4/10/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$85.00 ➝ $89.00+9.40%
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4/5/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$85.00 ➝ $90.00+6.38%
2/14/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector Perform ➝ Sector Perform$75.00 ➝ $83.00+5.57%
10/24/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSell ➝ Sell$64.00 ➝ $62.00-7.19%
10/10/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$76.00 ➝ $75.00+7.54%
6/9/20233M
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingUpgrade
5/1/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral$81.00 ➝ $78.00+4.43%
1/9/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSell$61.00 ➝ $71.00-18.85%
12/8/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Underperform$86.00-4.70%
9/21/2022Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:39 AM ET.

PFG Forecast - Frequently Asked Questions

What is Principal Financial Group's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Principal Financial Group is $82.60, with a high forecast of $96.00 and a low forecast of $62.00.

Should I buy or sell Principal Financial Group stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There is currently 1 sell rating and 9 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PFG shares.

Does Principal Financial Group's stock price have much upside?

According to analysts, Principal Financial Group's stock has a predicted upside of 6.10% based on their 12-month stock forecasts.

Has Principal Financial Group been upgraded by Wall Street analysts recently?

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

What analysts cover Principal Financial Group?

Principal Financial Group has been rated by research analysts at Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Principal Financial Group more than its competitors?

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


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This page (NYSE:PFG) was last updated on 7/8/2024 by MarketBeat.com Staff

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