Valley National Bancorp (VLY)
NASDAQ: VLY · Real-Time Price · USD
9.25
+0.39 (4.40%)
Oct 11, 2024, 4:00 PM EDT - Market closed
Valley National Bancorp Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for VLY stock have an average target of 8.50, with a low estimate of 7.00 and a high estimate of 10. The average target predicts a decrease of -8.11% from the current stock price of 9.25.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for VLY stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 2 | 2 | 3 | 3 | 2 |
| Hold | 5 | 5 | 5 | 6 | 7 | 7 |
| Sell | 2 | 2 | 2 | 2 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 9 | 9 | 11 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $9.5 → $10 | Hold | Maintains | $9.5 → $10 | +8.11% | Sep 30, 2024 |
| Wedbush | Wedbush | Hold Maintains $9 → $10 | Hold | Maintains | $9 → $10 | +8.11% | Sep 24, 2024 |
| Morgan Stanley | Morgan Stanley | Sell → Hold Upgrades $8 → $9.5 | Sell → Hold | Upgrades | $8 → $9.5 | +2.70% | Aug 5, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $8 → $9 | Buy | Maintains | $8 → $9 | -2.70% | Jul 26, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $8 → $8.5 | Hold | Maintains | $8 → $8.5 | -8.11% | Jul 26, 2024 |
Financial Forecast
Revenue This Year
1.87B
Revenue Next Year
2.01B
from 1.87B
Increased by 7.31%
EPS This Year
0.71
from 0.95
Decreased by -25.50%
EPS Next Year
0.97
from 0.71
Increased by 36.71%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.0B | 2.2B | 2.3B |
| Avg | 1.9B | 2.0B | 2.2B |
| Low | 1.8B | 1.9B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 15.8% | 16.1% |
| Avg | - | 7.3% | 8.2% |
| Low | - | -1.2% | 2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.76 | 1.14 | 1.35 |
| Avg | 0.71 | 0.97 | 1.20 |
| Low | 0.67 | 0.78 | 1.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -20.4% | 61.7% | 40.0% |
| Avg | -25.5% | 36.7% | 24.4% |
| Low | -29.9% | 10.8% | 9.4% |
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.