M&T Bank (MTB) Stock Forecast & Price Target

$220.52 -0.09 (-0.04%)

As of 01:31 PM Eastern

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M&T Bank - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
2

Hold
13

Buy
8

Based on 23 Wall Street analysts who have issued ratings for M&T Bank in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 2 have given a sell rating, 13 have given a hold rating, and 8 have given a buy rating for MTB.

Consensus Price Target

$244.89
11.05% Upside

According to the 23 analysts' twelve-month price targets for M&T Bank, the average price target is $244.89. The highest price target for MTB is $294.00, while the lowest price target for MTB is $198.00. The average price target represents a forecasted upside of 11.05% from the current price of $220.53.

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.

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MTB Analyst Ratings Over Time

Type	Current Forecast 11/11/25 to 11/11/26	1 Month Ago 10/12/25 to 10/12/26	3 Months Ago 8/13/25 to 8/13/26	1 Year Ago 11/11/24 to 11/11/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$244.89	$250.21	$252.28	$217.76
Forecasted Upside	11.05% Upside	13.85% Upside	-0.44% Downside	16.71% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

MTB 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.

MTB 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.

M&T Bank Stock vs. The Competition

Type	M&T Bank	Finance Companies	Broader Market
Consensus Rating Score	2.26	2.27	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.00% Upside	32.06% Upside	14.57% Upside
News Sentiment Rating	Positive News See Recent MTB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/27/2026	Wolfe Research 4 of 5 stars	Tracy Benguigui 4 of 5 stars	Downgrade	Peer Perform ➝ Underperform	$198.00	-10.81%
10/21/2026	Citigroup 4 of 5 stars	Benjamin Gerlinger 3 of 5 stars	Boost Target	Neutral	$225.00 ➝ $230.00	+5.40%
10/20/2026	Truist Financial 2 of 5 stars	Brian Foran 3 of 5 stars	Lower Target	Hold	$250.00 ➝ $235.00	+7.84%
10/19/2026	DA Davidson Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Winter Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$262.00 ➝ $258.00	+20.95%
10/19/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Gerard Cassidy Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$255.00 ➝ $245.00	+15.09%
10/19/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Manan Gosalia Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$301.00 ➝ $294.00	+38.10%
10/14/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	Dave Rochester Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$285.00 ➝ $255.00	+16.95%
10/8/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	R. Scott Siefers Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Hold	$245.00	+13.64%
10/6/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Daniel Tamayo Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Outperform	$250.00	+14.23%
10/5/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Erika Najarian Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$255.00 ➝ $238.00	+8.65%
Get the Latest News and Ratings for MTB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for M&T Bank and its competitors with MarketBeat's FREE daily newsletter.
10/2/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Vivek Juneja Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$265.50 ➝ $248.50	+14.04%
10/1/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$230.00	+7.79%
9/24/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$300.00 ➝ $275.00	+25.26%
9/1/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy (B)
7/23/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold	$250.00	-0.34%
7/16/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Mike Mayo Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Underweight	$215.00 ➝ $224.00	-9.82%
7/16/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	David George Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$240.00 ➝ $250.00	+0.65%
7/16/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Goldberg Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$236.00 ➝ $267.00	+7.49%
7/16/2026	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access to unlock brokerage rankings	David Konrad Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Market Perform	$242.00 ➝ $250.00	+0.65%
4/17/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$230.00 ➝ $245.00	+11.89%
4/16/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Overweight	$235.00 ➝ $240.00	+10.20%
4/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Neutral	$231.00 ➝ $235.00	+11.56%
1/7/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Ebrahim Poonawala Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy ➝ Neutral	$225.00	+6.59%
12/10/2024	Compass Point Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Neutral	$220.00 ➝ $250.00	+20.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:31 PM ET.

Should I Buy M&T Bank Stock? MTB 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 4, 2026. Please send any questions or comments about these M&T Bank pros and cons to contact@marketbeat.com.

M&T Bank
Bull Case

Here are some ways that investors could benefit from investing in M&T Bank Co.:

M&T Bank Co. recently reported third-quarter earnings of $5.08 per share, which exceeded the consensus estimate of $4.93 by $0.15, demonstrating strong profitability and operational efficiency that supports shareholder value.
The company offers a stable dividend yield of 2.70% with a payout ratio of 31.32%, indicating that the bank retains a significant portion of its earnings for reinvestment while still providing consistent income to investors.
With a current stock price of $224.67, M&T Bank Co. trades at a P/E ratio of 11.49, which is relatively low compared to broader market averages, suggesting the stock may be undervalued relative to its earnings potential.
The bank has a low beta of 0.64, meaning its stock price tends to be less volatile than the overall market, making it a potentially defensive holding for investors seeking stability during market fluctuations.
Recent institutional activity shows positive momentum, with AIA Group Ltd increasing its holdings by 30.6% and International Assets Investment Management LLC raising its position by 1,288.9% in the third quarter, signaling growing confidence among large investors.

M&T Bank
Bear Case

Investors should be bearish about investing in M&T Bank Co. for these reasons:

The consensus rating from sell-side analysts is "Hold" with an average price target of $244.89, which implies limited upside potential from the current price of $224.67 and suggests the stock may be fairly valued or overvalued in the near term.
Wolfe Research recently downgraded M&T Bank Co. to "Underperform" with a price target of $198.00, representing an 11.7% downside from the current price, reflecting concerns about the risk-reward profile of the stock.
Short interest has increased slightly, with shares shorted rising to 5,194,887 in the most recent period, indicating that some investors are betting against the stock's future performance.
CEO Rene F. Jones sold 19,396 shares in September 2026, a 15.74% decrease in his position, which may signal insider caution or a lack of confidence in near-term stock appreciation.
Several institutional investors, including Sumitomo Mitsui Trust Group Inc. and Aware Super Pty Ltd, have reduced their stakes in M&T Bank Co. during the third quarter, suggesting a potential shift in institutional sentiment.

MTB Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for M&T Bank is $244.89, with a high forecast of $294.00 and a low forecast of $198.00.

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 2 sell ratings, 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTB, but not buy additional shares or sell existing shares.

According to analysts, M&T Bank's stock has a predicted upside of 11.05% based on their 12-month stock forecasts.

Over the previous 90 days, M&T Bank's stock had 1 upgrade and 1 downgrade by analysts.

M&T Bank has been rated by research analysts at Cantor Fitzgerald, Citigroup, DA Davidson, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Raymond James Financial, Royal Bank Of Canada, TD Cowen, Truist Financial, UBS Group, Weiss Ratings, and Wolfe Research in the past 90 days.

Analysts like M&T Bank less than other "finance" companies. The consensus rating score for M&T Bank is 2.26 while the average consensus rating score for "finance" companies is 2.27. Learn more on how MTB compares to other companies.

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MarketBeat monitors more than a dozen sources for M&T Bank analyst ratings, with the most recent rating issued on 10/27/2026.

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M&T Bank (MTB) Stock Forecast & Price Target

M&T Bank - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MTB Analyst Ratings Over Time

MTB Analyst Recommendations By Month

MTB Price Targets by Month

M&T Bank Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy M&T Bank Stock? MTB Pros and Cons Explained

M&T Bank
Bull Case

M&T Bank
Bear Case

MTB Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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M&T Bank (MTB) Stock Forecast & Price Target

M&T Bank - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MTB Analyst Ratings Over Time

MTB Analyst Recommendations By Month

MTB Price Targets by Month

M&T Bank Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy M&T Bank Stock? MTB Pros and Cons Explained

M&T Bank Bull Case

M&T Bank Bear Case

MTB Forecast - Frequently Asked Questions

What is M&T Bank's forecast for 2027?

Should I buy or sell M&T Bank stock right now?

Does M&T Bank's stock price have much upside?

Has M&T Bank been upgraded or downgraded by Wall Street analysts recently?

What analysts cover M&T Bank?

Do Wall Street analysts like M&T Bank more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With M&T Bank Recommendations

MarketBeat All Access Features

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Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

M&T Bank
Bull Case

M&T Bank
Bear Case