Truist analyst David Smith has started coverage on Valley National (VLY, Financial) with a Hold rating, setting a target price of $10. According to the analyst, while the bank has shown significant progress and is trading at a reasonable valuation, its heavy reliance on commercial real estate remains a concern. This factor could potentially hinder Valley National’s ability to enhance its returns and book value growth in the near future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Valley National Bancorp (VLY, Financial) is $10.44 with a high estimate of $11.00 and a low estimate of $9.50. The average target implies an upside of 13.45% from the current price of $9.20. More detailed estimate data can be found on the Valley National Bancorp (VLY) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Valley National Bancorp's (VLY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" 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 Valley National Bancorp (VLY, Financial) in one year is $10.06, suggesting a upside of 9.35% from the current price of $9.2. 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 Valley National Bancorp (VLY) Summary page.
