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
Target Low Average Median High
Price $29.5 $38.95 $40.45 $45
Change -24.32% -0.08% +3.77% +15.44%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 223444
Buy 555556
Hold 121312111110
Sell 000000
Strong Sell 000000
Total 192020202020

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.
Buy
Upgrades
$41$43
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
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
11.95B20.37B23.11B22.26B21.28B23.07B23.88B24.86B--
Revenue Growth
8.74%70.42%13.45%-3.68%-4.39%8.43%3.50%4.10%--
EPS
3.713.084.474.43-1.093.503.965.295.455.77
EPS Growth
-5.12%-16.98%45.13%-0.89%--13.00%33.64%3.06%5.74%
No. Analysts -----2523822
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
14.2%
15.0%
16.7%
Avg
8.4%
3.5%
4.1%
Low
-1.0%
-13.0%
-12.4%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.