Valley National Bancorp (VLY)
NASDAQ: VLY · IEX Real-Time Price · USD
7.31
+0.11 (1.53%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Valley National Bancorp Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for VLY stock have an average target of 9.44, with a low estimate of 8.00 and a high estimate of 12. The average target predicts an increase of 29.14% from the current stock price of 7.31.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Hold | 4 | 5 | 5 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 1 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 8 | 8 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Maintains $12 → $10 | Buy | Maintains | $12 → $10 | +36.80% | Apr 9, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $12 → $9 | Hold | Maintains | $12 → $9 | +23.12% | Apr 4, 2024 |
| Citigroup | Citigroup | Hold Maintains $11 → $8.5 | Hold | Maintains | $11 → $8.5 | +16.28% | Mar 13, 2024 |
| Barclays | Barclays | Sell Initiates $8 | Sell | Initiates | $8 | +9.44% | Mar 8, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $8.5 → $9 | Sell | Maintains | $8.5 → $9 | +23.12% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
1.96B
from 1.84B
Increased by 6.30%
Revenue Next Year
2.16B
from 1.96B
Increased by 10.53%
EPS This Year
0.97
from 0.95
Increased by 2.25%
EPS Next Year
1.20
from 0.97
Increased by 23.70%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.1B | 2.3B | 2.4B |
| Avg | 2.0B | 2.2B | 2.3B |
| Low | 1.9B | 2.0B | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.3% | 18.8% | 10.6% |
| Avg | 6.3% | 10.5% | 6.1% |
| Low | 1.5% | 4.7% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.10 | 1.33 | 1.77 |
| Avg | 0.97 | 1.20 | 1.44 |
| Low | 0.75 | 1.10 | 1.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.1% | 37.3% | 47.7% |
| Avg | 2.3% | 23.7% | 19.5% |
| Low | -20.6% | 13.0% | 3.6% |
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.