M&T Bank Corporation (MTB)
NYSE: MTB · IEX Real-Time Price · USD
165.25
-2.13 (-1.27%)
At close: Jul 19, 2024, 4:00 PM
166.57
+1.32 (0.80%)
Pre-market: Jul 22, 2024, 7:01 AM EDT
M&T Bank Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for M&T Bank stock have an average target of 167.64, with a low estimate of 133.65 and a high estimate of 195. The average target predicts an increase of 1.45% from the current stock price of 165.25.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for M&T Bank stock from 15 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 1 | 2 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 9 | 9 | 10 | 10 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 16 | 17 | 17 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $180 → $195 | Strong Buy | Maintains | $180 → $195 | +18.00% | Jul 19, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $160 → $174 | Buy | Maintains | $160 → $174 | +5.30% | Jul 19, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $159 → $185 | Hold | Maintains | $159 → $185 | +11.95% | Jul 19, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $170 → $180 | Hold | Maintains | $170 → $180 | +8.93% | Jul 19, 2024 |
| Jefferies | Jefferies | Hold Maintains $160 → $161 | Hold | Maintains | $160 → $161 | -2.57% | Jul 3, 2024 |
Financial Forecast
Revenue This Year
9.28B
from 9.00B
Increased by 3.10%
Revenue Next Year
9.59B
from 9.28B
Increased by 3.38%
EPS This Year
14.22
from 15.79
Decreased by -9.92%
EPS Next Year
16.36
from 14.22
Increased by 15.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.7B | 10.2B | 10.5B | 10.2B | 10.4B |
| Avg | 9.3B | 9.6B | 9.9B | 9.8B | 10.0B |
| Low | 9.0B | 9.2B | 9.3B | 9.5B | 9.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.7% | 9.6% | 9.7% | 2.8% | 6.4% |
| Avg | 3.1% | 3.4% | 3.1% | -1.2% | 2.4% |
| Low | -0.5% | -1.3% | -2.5% | -4.1% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.54 | 17.85 | 21.54 | 15.36 | 15.65 |
| Avg | 14.22 | 16.36 | 18.70 | 14.78 | 15.05 |
| Low | 13.32 | 14.65 | 15.72 | 14.34 | 14.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -1.6% | 25.5% | 31.6% | -17.9% | 5.9% |
| Avg | -9.9% | 15.0% | 14.3% | -21.0% | 1.8% |
| Low | -15.7% | 3.0% | -3.9% | -23.3% | -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.