The PNC Financial Services Group (PNC) Stock Forecast & Price Target

$181.43

+3.04 (+1.70%)

(As of 12:57 PM ET)

The PNC Financial Services 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

Hold

Based on 17 Analyst Ratings

Sell
2

Hold
6

Buy
9

Based on 17 Wall Street analysts who have issued ratings for The PNC Financial Services Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 2 have given a sell rating, 6 have given a hold rating, and 9 have given a buy rating for PNC.

Consensus Price Target

$177.65
-1.75% Downside

According to the 17 analysts' twelve-month price targets for The PNC Financial Services Group, the average price target is $177.65. The highest price target for PNC is $212.00, while the lowest price target for PNC is $138.00. The average price target represents a forecasted downside of -1.75% from the current price of $181.43.

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PNC Analyst Ratings Over Time

Type	Current Forecast 10/5/23 to 10/4/24	1 Month Ago 9/5/23 to 9/4/24	3 Months Ago 7/7/23 to 7/6/24	1 Year Ago 10/5/22 to 10/5/23
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)	5 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$177.65	$177.02	$158.56	$155.15
Forecasted Upside	-1.75% Downside	-2.93% Downside	1.31% Upside	28.89% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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PNC 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.

PNC 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.

The PNC Financial Services Group Stock vs. The Competition

Type	The PNC Financial Services Group	Finance Companies	S&P 500
Consensus Rating Score	2.41	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-0.42% Downside	16.07% Upside	7.73% Upside
News Sentiment Rating	Positive News See Recent PNC 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
10/2/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$203.00 ➝ $212.00	+17.88%
9/11/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$189.00 ➝ $180.00	+2.62%
8/22/2024	Compass Point 5 of 5 stars	D. Rochester Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$185.00 ➝ $200.00	+18.79%
7/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$165.00 ➝ $177.00	-2.96%
7/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $200.00	+11.29%
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7/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$199.00 ➝ $209.00	+16.09%
7/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Najarian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$179.00 ➝ $198.00	+9.98%
7/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$194.00 ➝ $204.00	+13.40%
7/17/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$152.00 ➝ $162.00	-9.94%
7/17/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$155.00 ➝ $184.00	+2.75%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$162.00 ➝ $164.00	+3.33%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$163.50 ➝ $163.00	+5.44%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$141.00 ➝ $155.00	-3.11%
12/14/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$153.38	+4.83%
12/8/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$125.00 ➝ $143.00	+1.61%
12/5/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$138.00	-1.00%
7/19/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$145.00 ➝ $135.00	+3.53%
6/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
1/19/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$210.00 ➝ $205.00	+34.81%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$200.00 ➝ $190.00	+19.22%
12/1/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$164.00 ➝ $170.00	+1.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:23 PM ET.

Should I Buy The PNC Financial Services Group Stock? PNC 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 Tuesday, October 1, 2024. Please send any questions or comments about these The PNC Financial Services Group pros and cons to contact@marketbeat.com.

The PNC Financial Services Group
Bull Case

Here are some ways that investors could benefit from investing in The PNC Financial Services Group, Inc.:

The PNC Financial Services Group, Inc. stock has been showing a consistent upward trend, reaching a 12-month high of $187.78, indicating potential for capital appreciation.
Recent insider transactions, such as President Michael P. Lyons and CEO William S. Demchak selling shares at higher prices, can signal confidence in the company's future performance.
Analyst ratings have been positive, with several brokerages upgrading their target prices and ratings for The PNC Financial Services Group, Inc., suggesting a favorable outlook from experts in the field.
The company has a market capitalization of $70.45 billion, indicating its size and stability in the financial services sector.
The PNC Financial Services Group, Inc. has a relatively low P/E ratio of 14.88, which may indicate that the stock is undervalued compared to its earnings potential.

The PNC Financial Services Group
Bear Case

Investors should be bearish about investing in The PNC Financial Services Group, Inc. for these reasons:

Despite positive analyst ratings, there have been recent downgrades by some firms, such as The Goldman Sachs Group, which may indicate concerns about future performance or market conditions.
The company's debt-to-equity ratio of 1.36 may raise concerns about its financial leverage and ability to manage debt obligations, potentially impacting shareholder returns.
While insider transactions can sometimes be positive signals, the fact that insiders collectively sold 25,223 shares over the last three months may raise questions about their long-term confidence in the company.
The current stock price of The PNC Financial Services Group, Inc. at $183.07 may be considered high by some investors, potentially limiting immediate upside potential.
With a beta of 1.14, the stock's volatility is slightly higher than the market average, which could lead to greater price fluctuations and risk for investors.

PNC Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for The PNC Financial Services Group is $177.65, with a high forecast of $212.00 and a low forecast of $138.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNC, but not buy additional shares or sell existing shares.
: According to analysts, The PNC Financial Services Group's stock has a predicted downside of -2.08% based on their 12-month stock forecasts.
: Over the previous 90 days, The PNC Financial Services Group's stock had 2 upgrades and 1 downgrade by analysts.
: The PNC Financial Services Group has been rated by research analysts at Bank of America, Barclays, Citigroup, Compass Point, Evercore ISI, Keefe, Bruyette & Woods, Morgan Stanley, Royal Bank of Canada, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like The PNC Financial Services Group less than other "finance" companies. The consensus rating score for The PNC Financial Services Group is 2.41 while the average consensus rating score for "finance" companies is 2.47. Learn more on how PNC compares to other companies.