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

Q: What analysts cover M&T Bank?

M&T Bank has been rated by research analysts at Barclays , Cantor Fitzgerald , DA Davidson , Deutsche Bank Aktiengesellschaft , Evercore , Jefferies Financial Group , JPMorgan Chase & Co. , Keefe, Bruyette & Woods , Morgan Stanley , Robert W. Baird , Royal Bank Of Canada , Truist Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$219.90 +1.24 (+0.57%)

As of 10:57 AM Eastern

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

Consensus Rating

Hold

Based on 22 Analyst Ratings

Sell
1

Hold
13

Buy
8

Based on 22 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 22 analysts, 1 has given a sell rating, 13 have given a hold rating, and 8 have given a buy rating for MTB.

Consensus Price Target

$253.83
15.43% Upside

According to the 22 analysts' twelve-month price targets for M&T Bank, the average price target is $253.83. The highest price target for MTB is $304.00, while the lowest price target for MTB is $224.00. The average price target represents a forecasted upside of 15.43% from the current price of $219.90.

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 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	12 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	12 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$253.83	$253.43	$235.58	$214.53
Forecasted Upside	15.43% Upside	4.87% Upside	-0.79% Downside	7.85% 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	2.32	2.27	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	16.20% Upside	35.34% Upside	19.68% Upside
News Sentiment Rating	Positive News See Recent MTB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Jefferies Financial Group 3 of 5 stars		Lower Target	Buy	$300.00 ➝ $275.00	+25.26%
9/23/2026	Truist Financial 3 of 5 stars	Brian Foran 3 of 5 stars	Lower Target	Hold	$268.00 ➝ $250.00	+13.00%
9/8/2026	Morgan Stanley 3 of 5 stars	Manan Gosalia 3 of 5 stars	Upgrade	Equal Weight ➝ Overweight	$253.00 ➝ $304.00	+26.64%
9/1/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
8/19/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dave Rochester Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$262.00 ➝ $285.00	+13.22%
8/3/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Erika Najarian Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$252.00 ➝ $255.00	+2.49%
7/29/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vivek Juneja Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$251.50 ➝ $265.50	+5.50%
7/23/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	$250.00	-0.34%
7/16/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Winter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$263.00 ➝ $266.00	+5.07%
7/16/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gerard Cassidy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$230.00 ➝ $255.00	+2.66%
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7/16/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Mayo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$215.00 ➝ $224.00	-9.82%
7/16/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David George Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$240.00 ➝ $250.00	+0.65%
7/16/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Goldberg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$236.00 ➝ $267.00	+7.49%
7/16/2026	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Konrad Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$242.00 ➝ $250.00	+0.65%
7/6/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$260.00	+8.51%
4/17/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$230.00 ➝ $245.00	+11.89%
4/16/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$235.00 ➝ $240.00	+10.20%
4/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$231.00 ➝ $235.00	+11.56%
1/7/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
1/7/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Chubak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
1/7/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ebrahim Poonawala Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$225.00	+6.59%
1/2/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$215.00 ➝ $225.00	+12.00%
12/10/2024	Compass Point Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		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 Friday at 10:58 AM 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 Thursday, September 24, 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 second-quarter earnings that significantly exceeded market expectations, with actual earnings per share of $5.35 beating the consensus estimate of $4.66, demonstrating strong operational performance and profitability that can drive shareholder value.
The stock is currently trading at $218.43, which is well below the consensus price target of $255.97, suggesting that the market may be undervaluing the company relative to analyst expectations and offering potential upside for investors.
Management has indicated that the company is experiencing broad-based loan demand in 2026, which is supported by one of the strongest operating environments in the CEO's career, pointing to sustainable revenue growth from core banking activities.
M&T Bank Co. is actively investing in artificial intelligence and technology to boost productivity and expand fee-based businesses, which can improve operational efficiency and create new revenue streams beyond traditional lending.
The company maintains a low beta of 0.56, indicating that its stock price is less volatile than the overall market, which can provide a more stable investment profile for risk-averse investors seeking consistent returns.

M&T Bank
Bear Case

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

Recent insider activity shows significant selling, with CEO René Jones selling 19,396 shares in September 2026 and other executives and directors also reducing their positions, which may signal a lack of confidence in the stock's near-term performance.
The stock has a consensus rating of "Hold" from analysts, with 13 analysts assigning a Hold rating compared to 8 Buy ratings, indicating that the market is divided on the stock's potential and may not see significant upside in the near term.
M&T Bank Co. recently increased its prime rate, which could lead to higher borrowing costs for customers and potentially slow loan growth or increase credit risk if economic conditions deteriorate.
The company's debt-to-equity ratio of 0.53 and current ratio of 0.96 suggest that it may face liquidity challenges or higher financial leverage, which could impact its ability to weather economic downturns or invest in growth opportunities.
Short interest in the stock has been relatively high, with 5,193,279 shares shorted as of September 2026, indicating that some investors are betting against the stock and may be expecting a decline in its price.

MTB Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for M&T Bank is $253.83, with a high forecast of $304.00 and a low forecast of $224.00.

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There is currently 1 sell rating, 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 15.43% 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 Barclays, Cantor Fitzgerald, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Robert W. Baird, Royal Bank Of Canada, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like M&T Bank more than other "finance" companies. The consensus rating score for M&T Bank is 2.32 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 9/24/2026.

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