M&T Bank Corporation (MTB)
NYSE: MTB · IEX Real-Time Price · USD
153.47
-1.12 (-0.72%)
May 16, 2024, 4:00 PM EDT - Market closed
M&T Bank Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for M&T Bank stock have an average target of 159.11, with a low estimate of 133.65 and a high estimate of 180. The average target predicts an increase of 3.67% from the current stock price of 153.47.
Analyst Consensus: Buy
* Price targets were last updated on Apr 16, 2024.
Analyst Ratings
The average analyst rating for M&T Bank stock from 15 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Hold | 9 | 9 | 9 | 9 | 10 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 16 | 16 | 16 | 17 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $159 | Hold | Maintains | $159 | +3.60% | Apr 16, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $162 → $170 | Hold | Maintains | $162 → $170 | +10.77% | Apr 16, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $170 → $180 | Hold | Maintains | $170 → $180 | +17.29% | Apr 16, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $160 | Buy | Reiterates | $160 | +4.25% | Apr 16, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $145 → $150 | Hold | Maintains | $145 → $150 | -2.26% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
9.22B
from 9.00B
Increased by 2.47%
Revenue Next Year
9.54B
from 9.22B
Increased by 3.44%
EPS This Year
14.12
from 15.79
Decreased by -10.56%
EPS Next Year
16.17
from 14.12
Increased by 14.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.8B | 10.1B | 10.6B | 10.2B | 10.4B |
| Avg | 9.2B | 9.5B | 9.8B | 9.8B | 10.0B |
| Low | 8.9B | 9.0B | 9.2B | 9.5B | 9.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.4% | 10.0% | 11.2% | 3.2% | 6.4% |
| Avg | 2.5% | 3.4% | 3.2% | -0.8% | 2.4% |
| Low | -1.2% | -2.4% | -3.0% | -3.7% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.28 | 17.84 | 21.99 | 15.36 | 15.65 |
| Avg | 14.12 | 16.17 | 18.41 | 14.78 | 15.05 |
| Low | 12.85 | 14.71 | 14.00 | 14.34 | 14.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.2% | 26.3% | 35.9% | -16.6% | 5.9% |
| Avg | -10.6% | 14.5% | 13.8% | -19.7% | 1.8% |
| Low | -18.6% | 4.2% | -13.4% | -22.1% | -1.2% |
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.