Truist Financial Corporation (TFC)
NYSE: TFC · IEX Real-Time Price · USD
39.56
+0.31 (0.79%)
At close: Jul 2, 2024, 4:00 PM
39.50
-0.06 (-0.15%)
After-hours: Jul 2, 2024, 7:51 PM EDT
Truist Financial Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Truist Financial stock have an average target of 41.77, with a low estimate of 34 and a high estimate of 49. The average target predicts an increase of 5.59% from the current stock price of 39.56.
Analyst Consensus: Buy
* Price targets were last updated on May 16, 2024.
Analyst Ratings
The average analyst rating for TFC stock from 22 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 6 | 6 | 6 |
| Buy | 5 | 5 | 6 | 6 | 6 | 6 |
| Hold | 11 | 11 | 10 | 10 | 10 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20 | 20 | 20 | 22 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Buy Maintains $43 → $47 | Buy | Maintains | $43 → $47 | +18.81% | May 16, 2024 |
| Barclays | Barclays | Hold Initiates $43 | Hold | Initiates | $43 | +8.70% | May 16, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $38 → $41 | Hold | Maintains | $38 → $41 | +3.64% | May 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $44 | Hold | Initiates | $44 | +11.22% | May 9, 2024 |
| HSBC | HSBC | Hold Maintains $40 → $41 | Hold | Maintains | $40 → $41 | +3.64% | May 8, 2024 |
Financial Forecast
Revenue This Year
20.08B
from 21.28B
Decreased by -5.67%
Revenue Next Year
21.04B
from 20.08B
Increased by 4.82%
EPS This Year
3.53
from -1.09
EPS Next Year
4.01
from 3.53
Increased by 13.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.3B | 22.7B | 24.2B |
| Avg | 20.1B | 21.0B | 22.1B |
| Low | 18.9B | 19.9B | 20.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.8% | 12.9% | 15.1% |
| Avg | -5.7% | 4.8% | 5.2% |
| Low | -11.2% | -0.6% | -1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.97 | 4.78 | 5.51 | 5.41 | 5.71 |
| Avg | 3.53 | 4.01 | 4.69 | 5.20 | 5.49 |
| Low | 3.16 | 3.48 | 3.95 | 5.05 | 5.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 35.3% | 37.6% | 15.3% | 9.8% |
| Avg | - | 13.5% | 17.0% | 10.9% | 5.6% |
| Low | - | -1.5% | -1.4% | 7.6% | 2.5% |
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.