Truist Financial Corporation (TFC)
NYSE: TFC · Real-Time Price · USD
42.82
-0.23 (-0.53%)
Nov 1, 2024, 4:00 PM EDT - Market closed

Truist Financial Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Truist Financial stock have an average target of 44.95, with a low estimate of 34 and a high estimate of 51. The average target predicts an increase of 4.97% from the current stock price of 42.82.

Analyst Consensus: Buy
Target Low Average Median High
Price $34 $44.95 $45 $51
Change -20.60% +4.97% +5.09% +19.10%

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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 666666
Buy 655555
Hold 101111111111
Sell 000000
Strong Sell 000000
Total 222222222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Strong Buy
Maintains
$47$49
Strong Buy Maintains $47$49 +14.43% Oct 18, 2024
RBC Capital
RBC Capital
Buy
Maintains
$45$46
Buy Maintains $45$46 +7.43% Oct 18, 2024
Stephens & Co.
Stephens & Co.
Buy
Reiterates
$50
Buy Reiterates $50 +16.77% Sep 10, 2024
Wolfe Research
Wolfe Research
Hold
Upgrades
n/a
Hold Upgrades n/a n/a Aug 9, 2024
Morgan Stanley
Morgan Stanley
Hold
Maintains
$46$51
Hold Maintains $46$51 +19.10% Jul 30, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
20.30B
Revenue Next Year
20.92B
from 20.30B
Increased by 3.05%
EPS This Year
3.72
from -1.09
EPS Next Year
3.99
from 3.72
Increased by 7.31%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----20.30B20.92B21.93B
Revenue Growth
8.74%70.42%13.45%-3.68%-4.39%-3.05%4.84%
EPS
3.713.084.474.43-1.093.723.994.60
EPS Growth
-5.12%-16.98%45.13%-0.89%--7.31%15.19%
Forward PE
-----11.5110.729.31
No. Analysts -----262520
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 21.1B 22.3B 23.3B
Avg 20.3B 20.9B 21.9B
Low 19.7B 19.8B 20.7B

Revenue Growth

Revenue Growth 202420252026
High -
9.7%
11.4%
Avg -
3.1%
4.8%
Low -
-2.4%
-0.9%

EPS Forecast

EPS 20242025202620272028
High 3.94 4.46 5.04
Avg 3.72 3.99 4.60
Low 3.57 3.71 4.10

EPS Growth

EPS Growth 20242025202620272028
High -
19.9%
26.1%
Avg -
7.3%
15.2%
Low -
-0.2%
2.6%
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.