Key Highlights:
- Citi upgrades Truist Financial (TFC, Financial) to 'Buy' due to strong capital position and valuation.
- Analysts predict a potential upside of 7.47% based on the average one-year price target.
- GF Value estimate suggests a 2.06% upside, reaffirming the stock’s potential for growth.
Citi's Upgrade: A Boost for Truist Financial
In an affirming move, Citi has elevated its rating for Truist Financial (TFC) from Neutral to Buy. This decision underscores the bank's robust capital structure and compelling valuation, making it an attractive option for investors. The upgrade is further supported by expectations for enhanced fundamentals, such as an increase in return on tangible common equity and net interest income, coupled with strategic share buyback initiatives.
Wall Street Analysts Forecast
Wall Street analysts have provided a range of one-year price targets for Truist Financial Corp (TFC, Financial). On average, the target is set at $45.43, with estimates reaching as high as $50.00 and a low of $41.00. This average target price indicates a potential upside of 7.47% from the current trading price of $42.28. For a deeper dive into these projections, visit the Truist Financial Corp (TFC) Forecast page.
Average Brokerage Recommendations
According to 23 brokerage firms, Truist Financial Corp (TFC, Financial) holds a consensus rating of 2.4, reflecting an "Outperform" status. The rating system spans from 1, representing a Strong Buy, to 5, which denotes a Sell recommendation. This consensus suggests a generally positive outlook among analysts, reinforcing the investment potential of TFC.
GuruFocus's GF Value Estimate
The GF Value for Truist Financial Corp (TFC, Financial) over the coming year is projected at $43.15. This valuation indicates an upside of 2.06% from the current price of $42.2778. The GF Value is an insightful metric from GuruFocus, estimating the fair trading value of the stock based on historical trading multiples, past business growth, and future performance expectations. For more comprehensive data, visit the Truist Financial Corp (TFC) Summary page.
