Manulife Financial (MFC) Stock Forecast, Price Target & Predictions
MFC Stock Forecast
Manulife Financial stock forecast is as follows: an average price target of $25.86 (represents a -12.25% downside from MFC’s last price of $29.47) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
MFC Price Target
The average price target for Manulife Financial (MFC) is $25.86 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $29.44 to $22.28. This represents a potential -12.25% downside from MFC's last price of $29.47.
MFC Analyst Ratings
According to 7 Wall Street analysts, Manulife Financial's rating consensus is 'Buy'. The analyst rating breakdown for MFC stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Manulife Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 16, 2021 | Mario Mendonca | TD Securities | $29.44 | $20.01 | 47.14% | -0.09% |
| Nov 16, 2021 | Mike Rizvanovic | Stifel Nicolaus | $22.28 | $20.01 | 11.35% | -24.39% |
The latest Manulife Financial stock forecast, released on Nov 16, 2021 by Mario Mendonca from TD Securities, set a price target of $29.44, which represents a 47.14% increase from the stock price at the time of the forecast ($20.01), and a -0.09% decrease from MFC last price ($29.47).
Manulife Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $29.47 | $29.47 | $29.47 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Manulife Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Manulife Financial's last price of $29.47. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | CIBC | Neutral | Neutral | Hold |
| Oct 30, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 09, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jul 10, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 28, 2024 | TD Securities | Buy | Buy | Hold |
| May 10, 2024 | CIBC | Neutral | Neutral | Hold |
| May 10, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 09, 2024 | TD Securities | Buy | Buy | Hold |
| May 09, 2024 | National Bank | - | Outperform | Upgrade |
Manulife Financial's last stock rating was published by CIBC on Oct 30, 2024. The company gave MFC a "Neutral" rating, the same as its previous rate.
Manulife Financial Financial Forecast
Manulife Financial Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $11.89B | $10.00B | $14.86B | $-4.07B | $-2.08B | $17.38B | $12.98B | $27.09B | $19.67B | $10.63B | $22.24B | $21.80B | $23.15B | $8.34B | $13.16B | $21.33B |
| Avg Forecast | $13.17B | $13.15B | $13.13B | $13.11B | $13.09B | $13.08B | $13.06B | $13.04B | $13.02B | $5.31B | $12.99B | $3.78B | $3.94B | $6.65B | $5.00B | $-2.30B | $25.69B | $-2.27B | $-2.44B | $29.80B | $4.48B | $40.35B | $30.34B | $18.73B | $28.86B | $16.98B | $16.57B | $13.53B | $12.63B | $12.44B |
| High Forecast | $13.17B | $13.15B | $13.13B | $13.11B | $13.09B | $13.08B | $13.06B | $13.04B | $13.02B | $5.31B | $12.99B | $3.78B | $3.94B | $6.65B | $5.00B | $-1.84B | $30.83B | $-1.82B | $-1.95B | $29.80B | $4.48B | $40.35B | $30.34B | $18.73B | $28.86B | $16.98B | $16.57B | $16.23B | $15.15B | $14.93B |
| Low Forecast | $13.17B | $13.15B | $13.13B | $13.11B | $13.09B | $13.08B | $13.06B | $13.04B | $13.02B | $5.31B | $12.99B | $3.78B | $3.94B | $6.65B | $5.00B | $-2.76B | $20.55B | $-2.72B | $-2.93B | $29.80B | $4.48B | $40.35B | $30.34B | $18.73B | $28.86B | $16.98B | $16.57B | $10.82B | $10.10B | $9.96B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 18 | 15 | 16 | 13 | 8 | 8 | 9 | 12 | 7 | 10 | 16 | 18 | 15 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.38% | -4.35% | 0.58% | 1.79% | 0.85% | 0.58% | 2.90% | 0.67% | 0.65% | 0.57% | 0.77% | 1.28% | 1.40% | 0.62% | 1.04% | 1.71% |
Manulife Financial's average Quarter revenue forecast for Sep 23 based on 1 analysts is $6.65B, with a low forecast of $6.65B, and a high forecast of $6.65B. MFC's average Quarter revenue forecast represents a -44.07% decrease compared to the company's last Quarter revenue of $11.89B (Jun 23).
Manulife Financial EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 18 | 15 | 16 | 13 | 8 | 8 | 9 | 12 | 7 | 10 | 16 | 18 | 15 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.02B | $304.00M | $2.69B | $4.07B | $1.16B | $2.43B | $2.50B | $1.14B | $2.29B | $1.64B | $1.20B | $2.15B | $2.93B | $2.08B | $2.07B | $1.67B |
| Avg Forecast | $2.37B | $2.37B | $2.36B | $2.36B | $2.36B | $2.35B | $2.35B | $2.35B | $2.34B | $954.59M | $2.34B | $1.21B | $708.80M | $1.20B | $899.11M | $-413.19M | $3.43B | $-408.24M | $-438.99M | $5.36B | $806.57M | $7.26B | $3.63B | $3.37B | $5.19B | $3.06B | $3.59B | $2.60B | $2.71B | $2.17B |
| High Forecast | $2.37B | $2.37B | $2.36B | $2.36B | $2.36B | $2.35B | $2.35B | $2.35B | $2.34B | $954.59M | $2.34B | $1.45B | $708.80M | $1.20B | $899.11M | $-330.55M | $4.12B | $-326.60M | $-351.19M | $5.36B | $806.57M | $7.26B | $4.35B | $3.37B | $5.19B | $3.06B | $4.31B | $3.12B | $3.26B | $2.60B |
| Low Forecast | $2.37B | $2.37B | $2.36B | $2.36B | $2.36B | $2.35B | $2.35B | $2.35B | $2.34B | $954.59M | $2.34B | $965.00M | $708.80M | $1.20B | $899.11M | $-495.83M | $2.75B | $-489.89M | $-526.79M | $5.36B | $806.57M | $7.26B | $2.90B | $3.37B | $5.19B | $3.06B | $2.87B | $2.08B | $2.17B | $1.73B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | -0.74% | 0.78% | -9.96% | -2.65% | 0.45% | 3.10% | 0.16% | 0.63% | 0.49% | 0.23% | 0.70% | 0.82% | 0.80% | 0.76% | 0.77% |
1 analysts predict MFC's average Quarter EBITDA for Sep 23 to be $1.20B, with a high of $1.20B and a low of $1.20B. This is 17.19% upper than Manulife Financial's previous annual EBITDA (Jun 23) of $1.02B.
Manulife Financial Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 18 | 15 | 16 | 13 | 8 | 8 | 9 | 12 | 7 | 10 | 16 | 18 | 15 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.15B | $508.00M | $1.97B | $2.88B | $774.00M | $1.78B | $1.67B | $720.00M | $1.15B | $1.07B | $602.00M | $1.44B | $2.16B | $1.32B | $1.34B | $1.03B |
| Avg Forecast | $1.97B | $2.01B | $1.79B | $1.80B | $1.75B | $1.78B | $1.67B | $1.68B | $1.61B | $1.68B | $1.58B | $802.79M | $1.53B | $1.49B | $1.40B | $855.76M | $2.46B | $845.52M | $909.20M | $1.29B | $1.26B | $1.10B | $1.82B | $1.37B | $1.32B | $1.29B | $2.65B | $1.65B | $1.75B | $1.34B |
| High Forecast | $1.97B | $2.01B | $1.79B | $1.80B | $1.75B | $1.78B | $1.67B | $1.68B | $1.61B | $1.73B | $1.59B | $963.35M | $1.56B | $1.54B | $1.40B | $1.03B | $2.95B | $1.01B | $1.09B | $1.29B | $1.26B | $1.10B | $2.19B | $1.37B | $1.32B | $1.29B | $3.17B | $1.98B | $2.10B | $1.61B |
| Low Forecast | $1.97B | $2.01B | $1.79B | $1.80B | $1.75B | $1.78B | $1.67B | $1.68B | $1.61B | $1.59B | $1.58B | $642.23M | $1.48B | $1.42B | $1.40B | $684.61M | $1.97B | $676.41M | $727.36M | $1.29B | $1.26B | $1.10B | $1.46B | $1.37B | $1.32B | $1.29B | $2.12B | $1.32B | $1.40B | $1.07B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.59% | 0.80% | 3.41% | 0.85% | 1.38% | 1.33% | 0.66% | 0.63% | 0.78% | 0.46% | 1.11% | 0.82% | 0.80% | 0.76% | 0.77% |
Manulife Financial's average Quarter net income forecast for Sep 23 is $1.49B, with a range of $1.42B to $1.54B. MFC's average Quarter net income forecast represents a 30.09% increase compared to the company's last Quarter net income of $1.15B (Jun 23).
Manulife Financial SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 18 | 15 | 16 | 13 | 8 | 8 | 9 | 12 | 7 | 10 | 16 | 18 | 15 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.02B | $1.09B | $2.14B | $1.90B | $2.03B | $1.97B | $1.85B | $1.84B | $1.84B | $2.07B | $1.93B | $1.89B | $1.80B | $1.83B | $1.71B | $1.64B |
| Avg Forecast | $2.47B | $2.47B | $2.46B | $2.46B | $2.46B | $2.45B | $2.45B | $2.45B | $2.44B | $995.77M | $2.44B | $2.11B | $739.38M | $1.25B | $937.90M | $-431.02M | $2.44B | $-425.86M | $-457.93M | $5.59B | $841.36M | $7.57B | $2.92B | $3.52B | $5.42B | $3.19B | $2.20B | $2.29B | $2.23B | $2.13B |
| High Forecast | $2.47B | $2.47B | $2.46B | $2.46B | $2.46B | $2.45B | $2.45B | $2.45B | $2.44B | $995.77M | $2.44B | $2.53B | $739.38M | $1.25B | $937.90M | $-344.81M | $2.92B | $-340.68M | $-366.34M | $5.59B | $841.36M | $7.57B | $3.51B | $3.52B | $5.42B | $3.19B | $2.64B | $2.75B | $2.68B | $2.56B |
| Low Forecast | $2.47B | $2.47B | $2.46B | $2.46B | $2.46B | $2.45B | $2.45B | $2.45B | $2.44B | $995.77M | $2.44B | $1.69B | $739.38M | $1.25B | $937.90M | $-517.22M | $1.95B | $-511.03M | $-549.52M | $5.59B | $841.36M | $7.57B | $2.34B | $3.52B | $5.42B | $3.19B | $1.76B | $1.83B | $1.79B | $1.71B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | -2.52% | 0.88% | -4.46% | -4.44% | 0.35% | 2.20% | 0.24% | 0.63% | 0.59% | 0.36% | 0.59% | 0.82% | 0.80% | 0.76% | 0.77% |
Manulife Financial's average Quarter SG&A projection for Sep 23 is $1.25B, based on 1 Wall Street analysts, with a range of $1.25B to $1.25B. The forecast indicates a 22.12% rise compared to MFC last annual SG&A of $1.02B (Jun 23).
Manulife Financial EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 18 | 15 | 16 | 13 | 8 | 8 | 9 | 12 | 7 | 10 | 16 | 18 | 15 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.50 | $0.27 | $1.04 | $1.51 | $0.38 | $0.92 | $1.04 | $0.35 | $0.64 | $0.55 | $0.35 | $0.73 | $1.09 | $0.67 | $0.66 | $0.51 |
| Avg Forecast | $1.09 | $1.12 | $1.00 | $1.00 | $0.97 | $0.99 | $0.93 | $0.93 | $0.89 | $0.94 | $0.88 | $0.91 | $0.85 | $0.83 | $0.78 | $0.80 | $0.80 | $0.82 | $0.77 | $0.72 | $0.70 | $0.61 | $0.59 | $0.76 | $0.73 | $0.72 | $0.71 | $0.77 | $0.68 | $0.57 |
| High Forecast | $1.09 | $1.12 | $1.00 | $1.00 | $0.97 | $0.99 | $0.93 | $0.93 | $0.89 | $0.96 | $0.88 | $0.92 | $0.86 | $0.86 | $0.78 | $0.80 | $0.80 | $0.82 | $0.77 | $0.72 | $0.70 | $0.61 | $0.59 | $0.76 | $0.73 | $0.72 | $0.71 | $0.93 | $0.81 | $0.69 |
| Low Forecast | $1.09 | $1.12 | $1.00 | $1.00 | $0.97 | $0.99 | $0.93 | $0.93 | $0.89 | $0.88 | $0.88 | $0.91 | $0.82 | $0.79 | $0.78 | $0.80 | $0.80 | $0.82 | $0.77 | $0.72 | $0.70 | $0.61 | $0.59 | $0.76 | $0.73 | $0.72 | $0.71 | $0.62 | $0.55 | $0.46 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 0.34% | 1.30% | 1.83% | 0.49% | 1.28% | 1.49% | 0.57% | 1.09% | 0.72% | 0.48% | 1.02% | 1.54% | 0.87% | 0.97% | 0.89% |
According to 1 Wall Street analysts, Manulife Financial's projected average Quarter EPS for Sep 23 is $0.83, with a low estimate of $0.79 and a high estimate of $0.86. This represents a 65.59% increase compared to MFC previous annual EPS of $0.50 (Jun 23).
Manulife Financial Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LNC | Lincoln National | $33.52 | $52.36 | 56.21% | Hold |
| MET | MetLife | $78.43 | $87.46 | 11.51% | Buy |
| UNM | Unum Group | $64.12 | $67.40 | 5.12% | Buy |
| BHF | Brighthouse Financial | $47.74 | $46.60 | -2.39% | Hold |
| PRU | Prudential Financial | $121.28 | $116.00 | -4.35% | Buy |
| JXN | Jackson Financial | $98.32 | $92.67 | -5.75% | Hold |
| AFL | Aflac | $104.71 | $93.11 | -11.08% | Hold |
| MFC | Manulife Financial | $29.47 | $25.86 | -12.25% | Buy |
| AEL | American Equity Investment Life | $56.47 | $47.40 | -16.06% | Buy |
MFC Forecast FAQ
Is Manulife Financial a good buy?
Yes, according to 7 Wall Street analysts, Manulife Financial (MFC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of MFC's total ratings.
What is MFC's price target?
Manulife Financial (MFC) average price target is $25.86 with a range of $22.28 to $29.44, implying a -12.25% from its last price of $29.47. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Manulife Financial stock go up soon?
According to Wall Street analysts' prediction for MFC stock, the company can go down by -12.25% (from the last price of $29.47 to the average price target of $25.86), down by -0.09% based on the highest stock price target, and down by -24.39% based on the lowest stock price target.
Can Manulife Financial stock reach $40?
MFC's average twelve months analyst stock price target of $25.86 does not support the claim that Manulife Financial can reach $40 in the near future.
What are Manulife Financial's analysts' financial forecasts?
Manulife Financial's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $52.27B (high $52.27B, low $52.27B), average EBITDA is $9.41B (high $9.41B, low $9.41B), average net income is $6.88B (high $6.88B, low $6.88B), average SG&A $9.81B (high $9.81B, low $9.81B), and average EPS is $3.83 (high $3.83, low $3.83). MFC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $52.56B (high $52.56B, low $52.56B), average EBITDA is $9.46B (high $9.46B, low $9.46B), average net income is $7.56B (high $7.56B, low $7.56B), average SG&A $9.87B (high $9.87B, low $9.87B), and average EPS is $4.2 (high $4.2, low $4.2).
Did the MFC's actual financial results beat the analysts' financial forecasts?
Based on Manulife Financial's last annual report (Dec 2022), the company's revenue was $15.28B, which missed the average analysts forecast of $23.42B by -34.75%. Apple's EBITDA was $10.64B, beating the average prediction of $3.02B by 251.68%. The company's net income was $7.18B, beating the average estimation of $3.3B by 117.41%. Apple's SG&A was $7.78B, beating the average forecast of $2.01B by 287.27%. Lastly, the company's EPS was $3.68, beating the average prediction of $1.62 by 126.68%. In terms of the last quarterly report (Jun 2023), Manulife Financial's revenue was $11.89B, beating the average analysts' forecast of $5B by 137.92%. The company's EBITDA was $1.02B, beating the average prediction of $899.11M by 13.56%. Manulife Financial's net income was $1.14B, missing the average estimation of $1.4B by -18.37%. The company's SG&A was $1.02B, beating the average forecast of $937.9M by 8.97%. Lastly, the company's EPS was $0.5, missing the average prediction of $0.78 by -35.88%