Manulife Financial Corporation (MFC)

Manulife Financial Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Manulife Financial stock have an average target of 45.5, with a low estimate of 40 and a high estimate of 51. The average target predicts an increase of 49.77% from the current stock price of 30.38.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$40	$45.5	$51	$51
Change	+31.67%	+49.77%	+67.87%	+67.87%

* Price targets were last updated on Feb 21, 2025.

Analyst Ratings

The average analyst rating for Manulife Financial stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	1
Buy	2	2	2	2	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Darko Mihelic RBC Capital	RBC Capital	Buy Maintains $49 → $51	Buy	Maintains	$49 → $51	+67.87%	Feb 21, 2025
Mario Mendonca TD Securities	TD Securities	Strong Buy Maintains $38 → $40	Strong Buy	Maintains	$38 → $40	+31.67%	Jun 28, 2024
Tom MacKinnon BMO Capital	BMO Capital	Hold → Buy Upgrades $31 → $35	Hold → Buy	Upgrades	$31 → $35	+15.21%	Feb 15, 2024
John Aiken Barclays	Barclays	Buy Maintains $31 → $33	Buy	Maintains	$31 → $33	+8.62%	Aug 11, 2023
Darko Mihelic RBC Capital	RBC Capital	Hold Maintains $26 → $28	Hold	Maintains	$26 → $28	-7.83%	Feb 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

42.52B

Increased by 41.78%

from 29.99B

Revenue Next Year

45.73B

Increased by 7.54%

from 42.52B

EPS This Year

4.14

Increased by 45.84%

from 2.84

EPS Next Year

4.54

Increased by 9.60%

from 4.14

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	77.12B	59.84B	16.91B	27.25B	29.99B	42.52B	45.73B	48.05B
Revenue Growth	-0.90%	-22.41%	-71.74%	61.11%	10.08%	41.78%	7.54%	5.09%
EPS	2.93	3.54	-1.15	2.61	2.84	4.14	4.54	4.26
EPS Growth	5.78%	20.82%	-	-	8.81%	45.84%	9.60%	-6.14%
Forward PE	-	-	-	-	-	10.55	9.62	10.25
No. Analysts	-	-	-	-	-	16	15	2

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	44.2B	47.5B	50.0B
Avg	42.5B	45.7B	48.1B
Low	41.3B	44.4B	46.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	47.4%	11.8%	9.2%
Avg	41.8%	7.5%	5.1%
Low	37.6%	4.3%	2.0%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.50	5.04	4.43
Avg	4.14	4.54	4.26
Low	3.86	4.19	4.13

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	58.5%	21.7%	-2.4%
Avg	45.8%	9.6%	-6.1%
Low	36.0%	1.3%	-8.9%

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.