Truist Financial (TFC) Stock Forecast & Price Target

$47.70 -0.40 (-0.83%)

(As of 11/26/2024 ET)

Truist 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

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
11

Buy
11

Based on 22 Wall Street analysts who have issued ratings for Truist Financial in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 11 have given a hold rating, and 11 have given a buy rating for TFC.

Consensus Price Target

$47.17
-1.12% Downside

According to the 22 analysts' twelve-month price targets for Truist Financial, the average price target is $47.17. The highest price target for TFC is $60.00, while the lowest price target for TFC is $40.45. The average price target represents a forecasted downside of -1.12% from the current price of $47.71.

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TFC Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	7 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$47.17	$46.02	$45.30	$37.51
Forecasted Upside	-1.12% Downside	7.96% Upside	3.09% Upside	19.32% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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TFC 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.

TFC 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.

Truist Financial Stock vs. The Competition

Type	Truist Financial	Finance Companies	S&P 500
Consensus Rating Score	2.50	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-1.11% Downside	9.49% Upside	6.79% Upside
News Sentiment Rating	Positive News See Recent TFC 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
11/26/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$50.00 ➝ $60.00	+24.74%
11/25/2024	Citigroup 3 of 5 stars	K. Horowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$47.00 ➝ $51.00	+4.21%
11/15/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$48.00 ➝ $52.00	+12.43%
10/18/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gerard Cassidy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$45.00 ➝ $46.00	+6.06%
10/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$47.00 ➝ $49.00	+12.98%
10/16/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$48.00 ➝ $49.00	+9.52%
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10/16/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$46.00 ➝ $47.00	+5.05%
10/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$43.50 ➝ $47.00	+5.17%
9/10/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$50.00 ➝ $50.00	+17.59%
8/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Carcache Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
7/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$46.00 ➝ $51.00	+13.84%
7/23/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Biggar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$44.00 ➝ $51.00	+15.62%
7/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $47.00	+7.35%
7/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $50.00	+14.21%
7/17/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/17/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$45.00 ➝ $45.00	+5.99%
5/14/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$38.00 ➝ $41.00	+3.80%
5/9/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	In-Line	$44.00	+11.70%
5/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$40.00 ➝ $41.00	+4.06%
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$40.00 ➝ $41.00	+5.05%
1/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$34.00 ➝ $41.00	+9.36%
12/14/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$40.45	+13.98%
4/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$52.00 ➝ $40.00	+19.47%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$61.00 ➝ $48.00	+8.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:52 PM ET.

Should I Buy Truist Financial Stock? TFC 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 Sunday, November 24, 2024. Please send any questions or comments about these Truist Financial pros and cons to contact@marketbeat.com.

Truist Financial
Bull Case

Here are some ways that investors could benefit from investing in Truist Financial Co.:

The stock price of Truist Financial Co. is currently at $47.96, reflecting a positive trend and potential for further growth as analysts have set price targets indicating upside potential.
Recent earnings reports show that Truist Financial Co. exceeded earnings expectations, reporting $0.97 earnings per share (EPS) against a consensus estimate of $0.89, which indicates strong financial performance.
Multiple analysts have upgraded their ratings on Truist Financial Co., with Wells Fargo raising its price target to $52.00, suggesting confidence in the company's future performance.
The company has declared a quarterly dividend of $0.52 per share, which translates to an annualized yield of 4.34%, providing a steady income stream for investors.
Truist Financial Co. has a solid market capitalization of approximately $63.67 billion, indicating a stable and established presence in the financial services sector.

Truist Financial
Bear Case

Investors should be bearish about investing in Truist Financial Co. for these reasons:

The company has a negative net margin of 4.89%, which suggests that it is currently spending more than it earns, raising concerns about profitability.
Truist Financial Co. has a relatively high payout ratio of -145.45%, indicating that it is paying out more in dividends than it is earning, which could be unsustainable in the long run.
Despite recent upgrades, the consensus rating remains a "Hold," which may indicate that analysts are cautious about the stock's immediate upside potential.
The stock has experienced volatility, with a 52-week low of $31.23, suggesting that it may be subject to significant price fluctuations.
Analysts have mixed opinions on the stock, with some firms lowering their price targets, which could signal uncertainty about future performance.

TFC Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Truist Financial is $47.17, with a high forecast of $60.00 and a low forecast of $40.45.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 11 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TFC shares.
: According to analysts, Truist Financial's stock has a predicted downside of -1.12% based on their 12-month stock forecasts.
: Truist Financial has been rated by research analysts at Citigroup, Compass Point, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Royal Bank of Canada, Stephens, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Truist Financial also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like Truist Financial more than other "finance" companies. The consensus rating for Truist Financial is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how TFC compares to other companies.

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This page (NYSE:TFC) was last updated on 11/26/2024 by MarketBeat.com Staff

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Truist Financial (TFC) Stock Forecast & Price Target