Manulife Financial Corporation (MFC)

Stock Price Forecast

According to 2 stock analysts, the average 12-month stock price forecast for MFC stock stock is $30.5, which predicts an increase of 65.13%. The lowest target is $28 and the highest is $33. On average, analysts rate MFC stock stock as a buy.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$28	$30.5	$33	$33
Change	+51.60%	+65.13%	+78.67%	+78.67%

* Price targets were last updated on Aug 11, 2023.

Analyst Ratings

The average analyst rating for MFC stock from 2 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 '23	May '23	Jun '23	Jul '23	Aug '23	Sep '23
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Aiken Barclays	Barclays	Buy Maintains $31 → $33	Buy	Maintains	$31 → $33	+78.67%	Aug 11, 2023
Darko Mihelic RBC Capital	RBC Capital	Hold Maintains $26 → $28	Hold	Maintains	$26 → $28	+51.60%	Feb 17, 2023
Meny Grauman Scotiabank	Scotiabank	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Jul 27, 2022
Mike Rizvanovic Credit Suisse	Credit Suisse	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Aug 10, 2021
Nigel Dally Morgan Stanley	Morgan Stanley	Hold Maintains $27 → $26	Hold	Maintains	$27 → $26	+40.77%	Jul 11, 2018

Full Analyst Rating History

Financial Forecast

Revenue This Year

67.66B

Increased by 294.59%

from 17.15B

Revenue Next Year

70.80B

Increased by 4.64%

from 67.66B

EPS This Year

3.32

Decreased by -9.75%

from 3.68

EPS Next Year

3.62

Increased by 8.86%

from 3.32

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027
Revenue	38.97B	79.57B	78.91B	61.82B	17.15B	67.66B	70.80B	73.58B	75.75B	-
Revenue Growth	-33.18%	104.17%	-0.83%	-21.65%	-72.26%	294.59%	4.64%	3.93%	2.96%	-
EPS	2.33	2.77	2.93	3.54	3.68	3.32	3.62	3.92	3.42	3.61
EPS Growth	137.76%	18.88%	5.78%	20.82%	3.95%	-9.75%	8.86%	8.39%	-12.61%	5.26%
No. Analysts	-	-	-	-	-	17	17	6	2	2

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

Revenue Forecast

Revenue	2023	2024	2025	2026
High	70.3B	73.6B	76.5B	78.8B
Avg	67.7B	70.8B	73.6B	75.8B
Low	65.7B	68.7B	71.4B	73.5B

Revenue Growth

Revenue Growth	2023	2024	2025	2026
High	310.2%	8.8%	8.0%	7.0%
Avg	294.6%	4.6%	3.9%	3.0%
Low	282.9%	1.5%	0.8%	-0.1%

EPS Forecast

EPS	2023	2024	2025	2026	2027
High	3.51	3.90	4.24	3.56	3.75
Avg	3.32	3.62	3.92	3.42	3.61
Low	3.14	3.33	3.63	3.32	3.50

EPS Growth

EPS Growth	2023	2024	2025	2026	2027
High	-4.7%	17.3%	17.3%	-9.1%	9.4%
Avg	-9.8%	8.9%	8.4%	-12.6%	5.3%
Low	-14.8%	0.3%	0.3%	-15.2%	2.1%

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.