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Truist Financial (TFC) Stock Forecast & Price Target

$42.41
-0.03 (-0.07%)
(As of 07/19/2024 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

Based on 19 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 19 analysts, 9 have given a hold rating, and 10 have given a buy rating for TFC.

Consensus Price Target

$43.28
2.04% Upside
High Forecast$49.00
Average Forecast$43.28
Low Forecast$40.45

According to the 19 analysts' twelve-month price targets for Truist Financial, the average price target is $43.28. The highest price target for TFC is $49.00, while the lowest price target for TFC is $40.45. The average price target represents a forecasted upside of 2.04% from the current price of $42.41.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
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
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
9 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$43.28$43.17$41.56$41.82
Forecasted Upside2.04% Upside12.53% Upside13.46% Upside14.64% Upside
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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.
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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.
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Truist Financial Stock vs. The Competition

TypeTruist FinancialFinance CompaniesS&P 500
Consensus Rating Score
2.53
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside2.04% Upside37.79% Upside10.04% Upside
News Sentiment RatingNegative News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Baird R W
0 of 5 stars
D. George
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DowngradeStrong-Buy ➝ Hold
7/17/2024Robert W. Baird
2 of 5 stars
 DowngradeOutperform ➝ Neutral$45.00 ➝ $45.00+5.99%
5/16/2024Stephens
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$43.00 ➝ $47.00+16.92%
5/16/2024Barclays
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 Initiated CoverageEqual Weight ➝ Equal Weight$43.00+7.02%
5/14/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$38.00 ➝ $41.00+3.80%
5/9/2024Evercore ISI
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 Reiterated RatingIn-Line$44.00+11.70%
5/8/2024HSBC
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 Boost TargetHold ➝ Hold$40.00 ➝ $41.00+4.06%
5/8/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$45.00 ➝ $46.00+18.04%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$39.50 ➝ $40.50+5.97%
4/24/2024Citigroup
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 Boost TargetBuy ➝ Buy$42.00 ➝ $45.00+16.76%
4/23/2024Compass Point
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 UpgradeNeutral ➝ Buy$34.00 ➝ $42.00+8.64%
4/22/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$43.00 ➝ $43.00+12.59%
4/8/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$40.00 ➝ $41.00+5.05%
4/5/2024UBS Group
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 Boost TargetBuy ➝ Buy$45.00 ➝ $49.00+29.80%
3/28/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$39.00 ➝ $45.00+16.19%
1/19/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$40.00 ➝ $42.00+16.73%
1/5/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$34.00 ➝ $41.00+9.36%
1/4/2024Bank of America
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 UpgradeNeutral ➝ Buy$43.00+17.81%
12/14/2023Odeon Capital Group
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 UpgradeHold ➝ Buy$40.45+13.98%
4/21/2023Credit Suisse Group
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 Lower TargetNeutral$52.00 ➝ $40.00+19.47%
3/30/2023The Goldman Sachs Group
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 Lower TargetBuy$55.00 ➝ $39.00+15.21%
1/6/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ 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 Sunday at 03:39 PM ET.

TFC Forecast - Frequently Asked Questions

What is Truist Financial's forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Truist Financial is $43.28, with a high forecast of $49.00 and a low forecast of $40.45.

Should I buy or sell Truist Financial stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 9 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TFC shares.

Does Truist Financial's stock price have much upside?

According to analysts, Truist Financial's stock has a predicted upside of 12.13% based on their 12-month stock forecasts.

Has Truist Financial been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Truist Financial's stock had 2 downgrades and 1 upgrade by analysts.

What analysts cover Truist Financial?

Truist Financial has been rated by research analysts at Baird R W, Barclays, Citigroup, Compass Point, Evercore ISI, HSBC, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Robert W. Baird, and Stephens 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.

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.


This page (NYSE:TFC) was last updated on 7/21/2024 by MarketBeat.com Staff

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