Jefferies, under the analysis of David Chiaverini, has initiated coverage on Fifth Third Bancorp (FITB, Financial) with a "Buy" rating. This new coverage was announced on May 21, 2025. The financial institution is based on NASDAQ and is known for its comprehensive banking services.
The analyst has set a price target of $47.00 USD for Fifth Third Bancorp (FITB, Financial), indicating a positive outlook for the stock. This represents Jefferies' first price target for the company, as there were no prior figures to compare against. The recommendation underlines a favorable view of the stock's potential performance in the market.
The announcement has created notable attention as the company's strategy and performance are anticipated to align with Jefferies' optimistic valuation. Market participants and investors will be closely watching Fifth Third Bancorp (FITB, Financial) for developments following this coverage initiation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Fifth Third Bancorp (FITB, Financial) is $44.14 with a high estimate of $52.00 and a low estimate of $39.00. The average target implies an upside of 12.99% from the current price of $39.07. More detailed estimate data can be found on the Fifth Third Bancorp (FITB) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Fifth Third Bancorp's (FITB, Financial) average brokerage recommendation is currently 2.1, 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 Fifth Third Bancorp (FITB, Financial) in one year is $41.69, suggesting a upside of 6.71% from the current price of $39.07. 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 Fifth Third Bancorp (FITB) Summary page.
