Globe Life (GL, Financial) has caught the attention of investment firm Truist Securities, as the firm has initiated coverage on the stock. This latest move was led by analyst Mark Hughes, showcasing optimism in the company's future prospects.
According to the announcement made on July 15, 2025, Truist Securities has assigned a "Buy" rating for Globe Life (GL, Financial), reflecting their positive outlook on the company's performance in the financial markets. The firm has set a price target of $150.00 USD for the stock.
This initiation of coverage without a prior rating indicates a fresh interest in Globe Life (GL, Financial) by Truist Securities, highlighting the potential for growth and investment returns in the financial services sector. Investors may find this news encouraging as they evaluate their portfolio strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Globe Life Inc (GL, Financial) is $145.00 with a high estimate of $188.00 and a low estimate of $111.00. The average target implies an upside of 21.99% from the current price of $118.86. More detailed estimate data can be found on the Globe Life Inc (GL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Globe Life Inc's (GL, 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 Globe Life Inc (GL, Financial) in one year is $148.86, suggesting a upside of 25.24% from the current price of $118.86. 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 Globe Life Inc (GL) Summary page.
