Manulife Financial Corporation (MFC)

Manulife Financial Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Manulife Financial stock has a target of 51, which predicts a 67.32% increase from the current stock price of 30.48.

Price Target: $51 (+67.32%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$51	$51	$51	$51
Change	+67.32%	+67.32%	+67.32%	+67.32%

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

Analyst Ratings

According to 1 stock analyst, the rating for Manulife Financial is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '25	Mar '25	Apr '25	May '25	Jun '25	Jul '25
Strong Buy	1	1	1	1	1	0
Buy	1	1	1	1	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	2	2	2	2	2	1

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	+67.32%	Feb 21, 2025
Mario Mendonca TD Securities	TD Securities	Strong Buy Maintains $38 → $40	Strong Buy	Maintains	$38 → $40	+31.23%	Jun 28, 2024
Tom MacKinnon BMO Capital	BMO Capital	Hold → Buy Upgrades $31 → $35	Hold → Buy	Upgrades	$31 → $35	+14.83%	Feb 15, 2024
John Aiken Barclays	Barclays	Buy Maintains $31 → $33	Buy	Maintains	$31 → $33	+8.27%	Aug 11, 2023
Darko Mihelic RBC Capital	RBC Capital	Hold Maintains $26 → $28	Hold	Maintains	$26 → $28	-8.14%	Feb 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

40.53B

Increased by 35.15%

from 29.99B

Revenue Next Year

42.82B

Increased by 5.64%

from 40.53B

EPS This Year

4.18

Increased by 47.08%

from 2.84

EPS Next Year

4.57

Increased by 9.50%

from 4.18

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	40.53B	42.82B	44.86B
Revenue Growth	-0.90%	-22.41%	-71.74%	61.11%	10.08%	35.15%	5.64%	4.76%
EPS	2.93	3.54	-1.15	2.61	2.84	4.18	4.57	4.72
EPS Growth	5.78%	20.82%	-	-	8.81%	47.08%	9.50%	3.24%
Forward PE	-	-	-	-	-	10.00	9.13	8.84
No. Analysts	-	-	-	-	-	16	16	4

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	42.1B	44.5B	46.6B
Avg	40.5B	42.8B	44.9B
Low	39.3B	41.5B	43.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	40.5%	9.8%	8.9%
Avg	35.1%	5.6%	4.8%
Low	31.1%	2.5%	1.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.50	5.04	4.98
Avg	4.18	4.57	4.72
Low	3.82	4.12	4.52

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	58.6%	20.7%	8.8%
Avg	47.1%	9.5%	3.2%
Low	34.6%	-1.5%	-1.2%

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.