Manulife Financial Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, Manulife Financial stock has a consensus rating of "Buy" and an average price target of $34.22. The average 1-year stock price forecast is 11.84% lower than the current stock price, while the lowest is $30.96 (-20.24%) and the highest is $37.48 (-3.44%).

Price Target: $34.22 (-11.84%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$30.96	$34.22	$34.22	$37.48
Change	-20.24%	-11.84%	-11.84%	-3.44%

Analyst Ratings

The average analyst rating for Manulife Financial stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	5	6	6	6	6	6
Buy	4	4	4	4	4	4
Hold	4	3	3	4	3	3
Sell	2	2	2	1	2	2
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Rizvanovic Scotiabank	Scotiabank	Buy Maintains $41 → $40	Buy	Maintains	$41 → $40	+3.54%	May 15, 2026
David Motemaden Evercore ISI	Evercore ISI	Hold Maintains $38 → $39	Hold	Maintains	$38 → $39	-0.16%	May 15, 2026
Tom Mackinnon BMO Capital	BMO Capital	Buy Maintains $41	Buy	Maintains	$41	+5.39%	May 15, 2026
Darko Mihelic RBC Capital	RBC Capital	Buy Maintains $39	Buy	Maintains	$39	+1.69%	May 15, 2026
Mario Mendonca TD Cowen	TD Cowen	Buy Maintains $42 → $42	Buy	Maintains	$42 → $42	+7.24%	May 14, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

57.54B

from 30.98B

85.78%

from 30.98B

Revenue Next Year

53.03B

from 57.54B

-7.85%

from 57.54B

EPS This Year

4.47

from 4.21

6.06%

from 4.21

EPS Next Year

4.94

from 4.47

10.54%

from 4.47

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	59.84B	16.91B	27.25B	29.99B	30.98B	57.54B
Revenue Growth	-22.41%	-71.74%	61.11%	10.08%	3.28%	85.78%
Net Income	6.66B	-2.10B	5.46B	5.63B	5.78B	6.53B
EPS	-	-	-	-	4.21	4.47
EPS Growth	-	-	-	-	8.79%	6.06%
Forward PE	-	-	-	-	-	12.14
Dividend / Share	1.12	1.32	1.46	1.60	1.76	1.94
Dividend Growth	-	17.86%	10.61%	9.59%	10.00%	10.13%
Free Cash Flow	-	8.77B	9.17B	-10.93B	20.80B	4.19B
No. Analysts	-	-	-	-	-	1

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	57.5B
Avg	57.5B
Low	57.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	85.8%
Avg	85.8%
Low	85.8%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	4.47
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	6.1%
Low	-