Valley National Bancorp (VLY)
NASDAQ: VLY · IEX Real-Time Price · USD
6.91
+0.02 (0.29%)
At close: Jul 2, 2024, 4:00 PM
6.95
+0.04 (0.58%)
After-hours: Jul 2, 2024, 7:53 PM EDT
Valley National Bancorp Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for VLY stock have an average target of 8.44, with a low estimate of 7.00 and a high estimate of 10. The average target predicts an increase of 22.14% from the current stock price of 6.91.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for VLY stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 3 | 2 | 2 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 1 | 1 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 10 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Maintains $8 → $7 | Sell | Maintains | $8 → $7 | +1.30% | Jun 24, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $12 → $8 | Buy → Hold | Downgrades | $12 → $8 | +15.77% | May 31, 2024 |
| Wedbush | Wedbush | Hold Reiterates $8 | Hold | Reiterates | $8 | +15.77% | May 22, 2024 |
| Wedbush | Wedbush | Hold Maintains $9 → $8 | Hold | Maintains | $9 → $8 | +15.77% | Apr 29, 2024 |
| Wedbush | Wedbush | Hold Maintains $9 → $8 | Hold | Maintains | $9 → $8 | +15.77% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
1.90B
from 1.84B
Increased by 3.42%
Revenue Next Year
2.06B
from 1.90B
Increased by 8.40%
EPS This Year
0.87
from 0.95
Decreased by -8.83%
EPS Next Year
1.05
from 0.87
Increased by 21.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.0B | 2.3B | 2.3B |
| Avg | 1.9B | 2.1B | 2.2B |
| Low | 1.8B | 1.8B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.5% | 18.7% | 12.4% |
| Avg | 3.4% | 8.4% | 6.8% |
| Low | -2.3% | -3.8% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.97 | 1.21 | 1.53 |
| Avg | 0.87 | 1.05 | 1.28 |
| Low | 0.76 | 0.83 | 1.12 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.7% | 39.4% | 46.1% |
| Avg | -8.8% | 21.1% | 21.6% |
| Low | -19.9% | -3.8% | 6.5% |
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.