In a recent move, Truist Securities has initiated coverage on Valley Ntl, known by its stock ticker VLY. The analyst responsible for this coverage is David Smith. As of May 13, 2025, the firm has set a target price of USD 10.00 for VLY.
This initiation by Truist Securities comes with a "Hold" rating, providing investors with a clear position on VLY shares. The target price of USD 10.00 suggests a considered evaluation of the company's current market standing.
Previously, there was no formal rating or price target set by Truist Securities for VLY. This announcement marks their first formal analysis of the stock, offering new insights into VLY's market potential from their perspective.
VLY trades on the NASDAQ exchange, and this coverage initiation may influence investor sentiment and trading activity. Market participants will be watching VLY closely following this announcement.
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 13.21% from the current price of $9.22. 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 9.11% from the current price of $9.2199. 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.
