Truist Financial Corporation (TFC)
NYSE: TFC · Real-Time Price · USD
42.33
+0.60 (1.44%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Truist Financial Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Truist Financial stock have an average target of 44.9, with a low estimate of 34 and a high estimate of 51. The average target predicts an increase of 6.07% from the current stock price of 42.33.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for TFC stock from 22 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 6 | 6 | 6 | 5 | 5 | 5 |
| Hold | 10 | 10 | 10 | 11 | 11 | 11 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 22 | 22 | 22 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Buy Reiterates $50 | Buy | Reiterates | $50 | +18.12% | Sep 10, 2024 |
| Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Aug 9, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $46 → $51 | Hold | Maintains | $46 → $51 | +20.48% | Jul 30, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $45 → $47 | Strong Buy → Hold | Downgrades | $45 → $47 | +11.03% | Jul 24, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $44 → $46 | Hold | Maintains | $44 → $46 | +8.67% | Jul 23, 2024 |
Financial Forecast
Revenue This Year
20.35B
Revenue Next Year
21.16B
from 20.35B
Increased by 4.02%
EPS This Year
3.65
from -1.09
EPS Next Year
4.10
from 3.65
Increased by 12.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.4B | 22.8B | 23.7B |
| Avg | 20.3B | 21.2B | 22.2B |
| Low | 19.5B | 20.1B | 20.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 11.9% | 11.9% |
| Avg | - | 4.0% | 5.0% |
| Low | - | -1.2% | -1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.99 | 4.57 | 5.50 | ||
| Avg | 3.65 | 4.10 | 4.73 | ||
| Low | 3.41 | 3.67 | 4.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 25.0% | 34.3% | ||
| Avg | - | 12.1% | 15.5% | ||
| Low | - | 0.3% | 2.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.