Truist Financial (TFC) Stock Forecast & Price Target

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$35.66

+0.02 (+0.06%)

(As of 04/17/2024 ET)

Truist Financial Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$41.47
16.28% Upside

High Forecast	$49.00
Average Forecast	$41.47
Low Forecast	$33.00

Type	Current Forecast 4/18/23 to 4/17/24	1 Month Ago 3/19/23 to 3/18/24	3 Months Ago 1/18/23 to 1/18/24	1 Year Ago 4/18/22 to 4/18/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
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)	10 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$41.47	$39.14	$38.87	$48.00
Predicted Upside	16.28% Upside	13.73% Upside	15.71% Upside	21.21% Upside

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TFC Analyst Ratings 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	2.56	2.43	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	16.28% Upside	79.46% Upside	12.25% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
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%
4/5/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$44.00 ➝ $45.00	+17.77%
4/5/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$45.00 ➝ $49.00	+29.80%
3/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$39.00 ➝ $45.00	+16.19%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$37.00 ➝ $39.00	+1.06%
3/19/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$41.00 ➝ $43.00	+23.10%
Get the Latest News and Ratings for TFC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Truist Financial and its competitors with MarketBeat's FREE daily newsletter.
1/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$38.00 ➝ $43.00	+12.92%
1/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$37.00 ➝ $38.00	+4.37%
1/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$40.00 ➝ $42.00	+16.73%
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%
1/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$43.00	+17.81%
1/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $42.00	+13.76%
12/14/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$40.45	+13.98%
11/20/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$31.00 ➝ $33.00	+3.32%
7/24/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$41.00 ➝ $39.00	+16.94%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:32 PM ET.

TFC Price Target - Frequently Asked Questions

What is Truist Financial's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Truist Financial stock is Moderate Buy based on the current 7 hold ratings and 9 buy ratings for TFC. The average twelve-month price prediction for Truist Financial is $41.47 with a high price target of $49.00 and a low price target of $33.00. Learn more on TFC's analyst rating history.
Do Wall Street analysts like Truist Financial more than its competitors?: 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.
Is Truist Financial being upgraded by Wall Street analysts?: Over the previous 90 days, Truist Financial's stock had 1 upgrade by analysts.

Does Truist Financial's stock price have much upside?: According to analysts, Truist Financial's stock has a predicted upside of 13.82% based on their 12-month stock forecasts.
What analysts cover Truist Financial?: Truist Financial has been rated by HSBC, Jefferies Financial Group, Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Stephens, UBS Group, and Wells Fargo & Company in the past 90 days.
Does Truist Financial rate other companies?: Truist Financial also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

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This page (NYSE:TFC) was last updated on 4/17/2024 by MarketBeat.com Staff

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Truist Financial (TFC) Stock Forecast & Price Target

Truist Financial Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

TFC Analyst Ratings By Month

TFC Price Targets by Month

Truist Financial Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

TFC Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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