PNC Bank (PNC, Financial) has entered into a new collaboration with Coinbase, aimed at broadening digital asset solutions for both its banking clients and institutional investors. This strategic move will also see PNC offering certain banking services to Coinbase, underscoring a joint commitment to fortifying a resilient digital finance ecosystem.
This partnership merges PNC's tradition of customer service and innovation with Coinbase's advanced Crypto-as-a-Service platform. Together, they aim to provide PNC clients with a secure and scalable way to access cryptocurrency. The initial phase of this collaboration will enable PNC clients to buy, hold, and sell cryptocurrencies.
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 $212.53 with a high estimate of $235.00 and a low estimate of $182.12. The average target implies an upside of 8.24% from the current price of $196.36. 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 6.53% from the current price of $196.36. 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.
