Analyst Keith Horowitz from Citi has increased the target price for PNC Financial (PNC, Financial) shares to $217, up from the previous target of $205. This adjustment follows PNC's solid quarterly performance and a favorable future outlook. According to Horowitz, the bank presents a compelling risk/reward ratio at its current valuation, which supports the continued Buy rating on PNC shares. Investors are being advised to consider the stock's potential as part of their investment strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for PNC Financial Services Group Inc (PNC, Financial) is $211.59 with a high estimate of $235.00 and a low estimate of $182.12. The average target implies an upside of 9.10% from the current price of $193.93. More detailed estimate data can be found on the PNC Financial Services Group Inc (PNC) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, PNC Financial Services Group Inc's (PNC, Financial) average brokerage recommendation is currently 2.2, 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 PNC Financial Services Group Inc (PNC, Financial) in one year is $183.54, suggesting a downside of 5.36% from the current price of $193.93. 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 PNC Financial Services Group Inc (PNC) Summary page.
