Jefferies has started coverage on Valley National (VLY, Financial), giving it a Hold rating with a target price of $10. The analysis is part of a broader examination of 32 regional and mid-cap banks, for which Jefferies maintains a positive outlook. Despite concerns about tariffs, several factors could benefit banks, including increased loan growth as a U.S. recession is avoided, an expanding net interest margin from a steeper yield curve, stable credit metrics, and surplus capital that can be strategically utilized, along with appealing valuations.
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 15.46% from the current price of $9.04. 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 $9.29, suggesting a upside of 2.77% from the current price of $9.04. 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.
