Truist Financial Corporation (TFC)
NYSE: TFC · IEX Real-Time Price · USD
38.98
+0.39 (1.01%)
At close: Mar 28, 2024, 4:00 PM
38.87
-0.11 (-0.28%)
After-hours: Mar 28, 2024, 7:58 PM EDT
Truist Financial Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Truist Financial stock have an average target of 38.95, with a low estimate of 29.5 and a high estimate of 45. The average target predicts a decrease of -0.08% from the current stock price of 38.98.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for TFC stock from 20 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 3 | 4 | 4 | 4 |
Buy | 5 | 5 | 5 | 5 | 5 | 6 |
Hold | 12 | 13 | 12 | 11 | 11 | 10 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 19 | 20 | 20 | 20 | 20 | 20 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Wells Fargo | Wells Fargo | Buy Maintains $39 → $45 | Buy | Maintains | $39 → $45 | +15.44% | Mar 28, 2024 |
HSBC | HSBC | Hold Maintains $37 → $39 | Hold | Maintains | $37 → $39 | +0.05% | Mar 28, 2024 |
Stephens & Co. | Stephens & Co. | Hold → Buy Upgrades $41 → $43 | Hold → Buy | Upgrades | $41 → $43 | +10.31% | Mar 19, 2024 |
Morgan Stanley | Morgan Stanley | Hold Maintains $38 → $43 | Hold | Maintains | $38 → $43 | +10.31% | Jan 30, 2024 |
Piper Sandler | Piper Sandler | Hold Maintains $37 → $38 | Hold | Maintains | $37 → $38 | -2.51% | Jan 19, 2024 |
Financial Forecast
Revenue This Year
23.07B
from 21.28B
Increased by 8.43%
Revenue Next Year
23.88B
from 23.07B
Increased by 3.50%
EPS This Year
3.50
from -1.09
EPS Next Year
3.96
from 3.50
Increased by 13.00%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 24.3B | 26.5B | 27.9B |
Avg | 23.1B | 23.9B | 24.9B |
Low | 21.1B | 20.1B | 20.9B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 14.2% | 15.0% | 16.7% |
Avg | 8.4% | 3.5% | 4.1% |
Low | -1.0% | -13.0% | -12.4% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 3.94 | 4.91 | 6.22 | 5.67 | 6.00 |
Avg | 3.50 | 3.96 | 5.29 | 5.45 | 5.77 |
Low | 3.10 | 3.48 | 4.47 | 5.29 | 5.60 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | - | 40.2% | 57.0% | 7.1% | 9.9% |
Avg | - | 13.0% | 33.6% | 3.1% | 5.7% |
Low | - | -0.7% | 12.8% | 0.0% | 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.