Manulife Financial (MFC) Stock Forecast, Price Target & Predictions

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MFC Stock Forecast

Manulife Financial stock forecast is as follows: an average price target of $25.86 (represents a -15.79% downside from MFC’s last price of $30.71) 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 -15.79% downside from MFC's last price of $30.71.

MFC Analyst Ratings

Buy

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	Mike Rizvanovic	Stifel Nicolaus	$22.28	$20.01	11.35%	-27.45%
Nov 16, 2021	Mario Mendonca	TD Securities	$29.44	$20.01	47.14%	-4.13%

The latest Manulife Financial stock forecast, released on Nov 16, 2021 by Mike Rizvanovic from Stifel Nicolaus, set a price target of $22.28, which represents a 11.35% increase from the stock price at the time of the forecast ($20.01), and a -27.45% decrease from MFC last price ($30.71).

Manulife Financial Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$30.71	$30.71	$30.71
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 $30.71. 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
Apr 08, 2024	BMO Capital	Outperform	Outperform	Hold
May 13, 2022	RBC Capital	Sector Perform	Sector Perform	Hold
May 12, 2022	BMO Capital		Market Perform	Downgrade

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	$14.79B	$14.77B	$14.75B	$14.73B	$14.71B	$14.69B	$14.67B	$13.65B	$14.39B	$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	$14.79B	$14.77B	$14.75B	$14.73B	$14.71B	$14.69B	$14.67B	$13.65B	$14.39B	$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	$14.79B	$14.77B	$14.75B	$14.73B	$14.71B	$14.69B	$14.67B	$13.65B	$14.39B	$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	$1.42B	$1.41B	$1.41B	$1.41B	$1.41B	$1.41B	$1.40B	$1.31B	$1.38B	$507.63M	$2.34B	$1.21B	$376.93M	$636.27M	$478.13M	$-219.73M	$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	$1.42B	$1.41B	$1.41B	$1.41B	$1.41B	$1.41B	$1.40B	$1.31B	$1.38B	$507.63M	$2.34B	$1.45B	$376.93M	$636.27M	$478.13M	$-175.78M	$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	$1.42B	$1.41B	$1.41B	$1.41B	$1.41B	$1.41B	$1.40B	$1.31B	$1.38B	$507.63M	$2.34B	$965.00M	$376.93M	$636.27M	$478.13M	$-263.67M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.14%	-1.38%	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 $636.27M, with a high of $636.27M and a low of $636.27M. This is -37.68% lower 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	$2.12B	$2.15B	$1.89B	$1.90B	$1.84B	$1.85B	$1.74B	$1.75B	$1.67B	$1.66B	$1.58B	$802.79M	$1.52B	$1.47B	$1.39B	$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	$2.12B	$2.15B	$1.89B	$1.90B	$1.84B	$1.85B	$1.74B	$1.75B	$1.72B	$1.67B	$1.59B	$963.35M	$1.54B	$1.52B	$1.39B	$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	$2.12B	$2.15B	$1.89B	$1.90B	$1.84B	$1.85B	$1.74B	$1.75B	$1.62B	$1.66B	$1.58B	$642.23M	$1.47B	$1.40B	$1.39B	$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 $1.47B, with a range of $1.40B to $1.52B. MFC's average Quarter net income forecast represents a 28.71% 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	$2.78B	$2.77B	$2.77B	$2.76B	$2.76B	$2.76B	$2.75B	$2.56B	$2.70B	$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	$2.78B	$2.77B	$2.77B	$2.76B	$2.76B	$2.76B	$2.75B	$2.56B	$2.70B	$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	$2.78B	$2.77B	$2.77B	$2.76B	$2.76B	$2.76B	$2.75B	$2.56B	$2.70B	$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	$1.19	$1.21	$1.06	$1.07	$1.03	$1.04	$0.98	$0.98	$0.94	$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	$1.19	$1.21	$1.06	$1.07	$1.03	$1.04	$0.98	$0.98	$0.97	$0.94	$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	$1.19	$1.21	$1.06	$1.07	$1.03	$1.04	$0.98	$0.98	$0.91	$0.93	$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
MET	MetLife	$81.88	$90.50	10.53%	Buy
JXN	Jackson Financial	$87.08	$92.67	6.42%	Hold
PRU	Prudential Financial	$118.53	$119.67	0.96%	Buy
AFL	Aflac	$103.44	$102.17	-1.23%	Hold
LNC	Lincoln National	$31.71	$30.00	-5.39%	Hold
BHF	Brighthouse Financial	$48.04	$45.00	-6.33%	Hold
UNM	Unum Group	$73.03	$67.40	-7.71%	Buy
MFC	Manulife Financial	$30.71	$25.86	-15.79%	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 -15.79% from its last price of $30.71. 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 -15.79% (from the last price of $30.71 to the average price target of $25.86), down by -4.13% based on the highest stock price target, and down by -27.45% based on the lowest stock price target.

Can Manulife Financial stock reach $50?

MFC's average twelve months analyst stock price target of $25.86 does not support the claim that Manulife Financial can reach $50 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 $57.71B (high $57.71B, low $57.71B), average EBITDA is $5.52B (high $5.52B, low $5.52B), average net income is $7.18B (high $7.18B, low $7.18B), average SG&A $10.83B (high $10.83B, low $10.83B), and average EPS is $4.03 (high $4.03, low $4.03). MFC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $59.03B (high $59.03B, low $59.03B), average EBITDA is $5.65B (high $5.65B, low $5.65B), average net income is $8.05B (high $8.05B, low $8.05B), average SG&A $11.08B (high $11.08B, low $11.08B), and average EPS is $4.52 (high $4.52, low $4.52).

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 $478.13M by 113.54%. Manulife Financial's net income was $1.14B, missing the average estimation of $1.39B by -17.50%. 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%