Wells Fargo's analyst, Elyse Greenspan, has increased the price target for Prudential (PRU, Financial) from $108 to $113 while maintaining an Equal Weight rating on the stock. The firm expresses confidence in Prudential's medium-term financial goals, although it will refrain from issuing quarterly updates. The expected earnings per share (EPS) growth is based on a normalized EPS of $13.67 starting in 2024, according to Wells Fargo.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Prudential Financial Inc (PRU, Financial) is $113.25 with a high estimate of $134.00 and a low estimate of $80.00. The average target implies an upside of 10.30% from the current price of $102.67. More detailed estimate data can be found on the Prudential Financial Inc (PRU) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Prudential Financial Inc's (PRU, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Prudential Financial Inc (PRU, Financial) in one year is $100.10, suggesting a downside of 2.5% from the current price of $102.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Prudential Financial Inc (PRU) Summary page.
