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M&T Bank (MTB) Stock Forecast, Price Target & Predictions

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MTB Stock Forecast

M&T Bank stock forecast is as follows: an average price target of $211.70 (represents a 14.17% upside from MTB’s last price of $185.42) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

MTB Price Target

The average price target for M&T Bank (MTB) is $211.70 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $243.00 to $165.00. This represents a potential 14.17% upside from MTB's last price of $185.42.

MTB Analyst Ratings

Buy

According to 16 Wall Street analysts, M&T Bank's rating consensus is 'Buy'. The analyst rating breakdown for MTB stock is 0 'Strong Buy' (0.00%), 10 'Buy' (62.50%), 5 'Hold' (31.25%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).

M&T Bank Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 27, 2024Frank SchiraldiPiper Sandler$243.00$221.299.81%31.05%
Oct 21, 2024Peter WinterD.A. Davidson$207.00$197.554.78%11.64%
Oct 18, 2024Ryan NashGoldman Sachs$216.00$197.779.22%16.49%
Oct 18, 2024Gerald CassidyRBC Capital$208.00$198.874.59%12.18%
Oct 18, 2024Jason GoldbergBarclays$228.00$198.8714.65%22.96%
Oct 17, 2024Mike MayoWells Fargo$165.00$189.35-12.86%-11.01%
Oct 17, 2024Manan GosaliaMorgan Stanley$220.00$189.3516.19%18.65%
Oct 04, 2024Bill CarcacheWolfe Research$210.00$176.7018.85%13.26%
Oct 02, 2024John PancariEvercore ISI$210.00$172.7221.58%13.26%
Sep 24, 2024David ChiaveriniWedbush$210.00$177.6218.23%13.26%
Jul 22, 2024Frank SchiraldiPiper Sandler$190.00$165.2514.98%2.47%
Jul 19, 2024Peter WinterD.A. Davidson$185.00$169.119.40%-0.23%
Jun 12, 2024Frank SchiraldiPiper Sandler$164.00$140.8316.45%-11.55%
Jun 04, 2024Ken UsdinJefferies$160.00$148.517.73%-13.71%
Apr 16, 2024Mike MayoWells Fargo$150.00$140.946.43%-19.10%
Apr 15, 2024Ken UsdinJefferies$151.00$134.5612.22%-18.56%
Apr 15, 2024Gerard CassidyRBC Capital$160.00$134.5618.91%-13.71%
Apr 15, 2024Frank SchiraldiPiper Sandler$152.00$134.5612.96%-18.02%
Jan 22, 2024Matt BrysonWedbush$250.00$139.3979.35%34.83%
Jan 03, 2023Barclays$194.00$145.0633.74%4.63%
Dec 21, 2022D.A. Davidson$160.00$142.2812.45%-13.71%
Dec 16, 2022Morgan Stanley$225.00$139.1261.73%21.35%
Dec 13, 2022J.P. Morgan$153.00$146.104.72%-17.48%
Dec 08, 2022Wells Fargo$165.00$148.9610.77%-11.01%
Dec 05, 2022Morgan Stanley$235.00$169.1038.97%26.74%
Jul 21, 2022Barclays$238.00$166.1043.29%28.36%
Jul 21, 2022Morgan Stanley$222.00$167.7832.32%19.73%
Jul 12, 2022Morgan Stanley$203.00$158.8027.83%9.48%
Jul 11, 2022Ken UsdinJefferies$175.00$158.4010.48%-5.62%
Jul 01, 2022J.P. Morgan$195.00$155.9325.06%5.17%
Jul 01, 2022Wells Fargo$175.00$158.6710.29%-5.62%
May 26, 2022Wolfe Research$187.00$173.667.68%0.85%
Apr 21, 2022Morgan Stanley$238.00$178.8133.10%28.36%
Apr 21, 2022Wells Fargo$195.00$176.3410.58%5.17%
Jan 21, 2022Gerard CassidyRBC Capital$190.00$159.0119.49%2.47%
Jan 12, 2022Erika NajarianUBS$212.00$178.3018.90%14.34%
Jan 03, 2022Jason GoldbergBarclays$195.00$157.1624.08%5.17%
Oct 08, 2021Ebrahim PoonawalaBank of America Securities$193.00$151.4927.40%4.09%
Jul 30, 2021John PancariEvercore ISI$142.00$130.858.52%-23.42%

The latest M&T Bank stock forecast, released on Nov 27, 2024 by Frank Schiraldi from Piper Sandler, set a price target of $243.00, which represents a 9.81% increase from the stock price at the time of the forecast ($221.29), and a 31.05% increase from MTB last price ($185.42).

M&T Bank Price Target by Period

1M3M12M
# Anlaysts11019
Avg Price Target$243.00$211.70$193.63
Last Closing Price$185.42$185.42$185.42
Upside/Downside31.05%14.17%4.43%

In the current month, the average price target of M&T Bank stock is $243.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 31.05% increase as opposed to M&T Bank's last price of $185.42. This month's average price target is up 14.79% compared to last quarter, and up 25.50% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 27, 2024Piper SandlerOverweightOverweightHold
Oct 18, 2024Goldman SachsNeutralNeutralHold
Oct 18, 2024Wells FargoUnderweightUnderweightHold
Oct 18, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 17, 2024RBC CapitalOutperformOutperformHold
Oct 17, 2024Wells FargoMarket PerformUnderweightDowngrade
Oct 17, 2024WedbushOutperformOutperformHold
Oct 02, 2024Evercore ISIOutperformUpgrade
Sep 24, 2024Wells FargoMarket PerformMarket PerformHold
Sep 24, 2024WedbushUnderperformUnderperformHold
Sep 24, 2024WedbushOutperformOutperformHold
Aug 15, 2024Sandler O'NeillUnderperformUnderperformHold
Aug 15, 2024Wells FargoMarket PerformMarket PerformHold
Aug 14, 2024Wells FargoMarket PerformUnderweightDowngrade
Aug 05, 2024Morgan StanleyOverweightOverweightHold
Jul 22, 2024Piper SandlerOverweightOverweightHold
Jul 19, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Jul 19, 2024RBC CapitalOutperformOutperformHold
Jul 19, 2024Sandler O'NeillMarket PerformMarket PerformHold
Jul 19, 2024Sandler O'NeilUnderperformUnderperformHold
Jul 08, 2024CitigroupBuyBuyHold
Jul 03, 2024JefferiesHoldHoldHold
Jun 12, 2024Piper SandlerOverweightOverweightHold
Jun 04, 2024Wells FargoMarket PerformMarket PerformHold
Jun 04, 2024JefferiesHoldHoldHold
Apr 16, 2024Wells FargoMarket PerformMarket PerformHold
Apr 16, 2024WedbushUnderperformUnderperformHold
Apr 16, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 16, 2024Bank of America SecuritiesBuyBuyHold
Apr 15, 2024Morgan StanleyOverweightOverweightHold
Apr 15, 2024Piper SandlerOverweightOverweightHold
Apr 15, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Apr 15, 2024RBC CapitalOutperformOutperformHold
Apr 15, 2024JefferiesHoldHoldHold
Mar 28, 2024Piper SandlerUnderperformUnderperformHold
Mar 28, 2024RBC CapitalEqual-WeightEqual-WeightHold
Mar 06, 2024RBC CapitalEqual-WeightEqual-WeightHold
Mar 06, 2024Piper SandlerUnderperformUnderperformHold
Jan 22, 2024Piper SandlerOverweightOverweightHold
Jan 19, 2024Morgan StanleyUnderperformUnderperformHold
Jan 19, 2024RBC CapitalEqual-WeightEqual-WeightHold
Apr 18, 2023Wells FargoEqual-WeightEqual-WeightHold
Mar 27, 2023CitigroupBuyUpgrade
Jan 12, 2023BarclaysEqual-WeightReduceDowngrade
Jan 03, 2023WedbushOutperformUpgrade
Jan 03, 2023BarclaysOverweightEqual-WeightDowngrade
Dec 08, 2022Wells FargoEqual-WeightEqual-WeightHold
Dec 08, 2022Keefe Bruyette & WoodsMarket PerformDowngrade
Dec 07, 2022Keefe, Bruyette & WoodsMarket PerformDowngrade
Dec 05, 2022Morgan StanleyOverweightOverweightHold
Oct 04, 2022OppenheimerOutperformInitialise
Oct 04, 2022NeedhamBuyInitialise
Oct 04, 2022RBC CapitalSector PerformInitialise
Jul 21, 2022BarclaysOverweightOverweightHold
Jul 12, 2022Morgan StanleyOverweightOverweightHold
Jul 11, 2022JefferiesHoldHoldHold
Jul 01, 2022Wells FargoEqual-WeightEqual-WeightHold
May 26, 2022Wolfe ResearchOutperformOutperformHold

M&T Bank's last stock rating was published by Piper Sandler on Nov 27, 2024. The company gave MTB a "Overweight" rating, the same as its previous rate.

M&T Bank Financial Forecast

M&T Bank Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$2.33B$2.38B$2.41B$2.37B$2.24B$1.98B$1.45B$1.51B$1.54B$1.46B$1.49B$1.54B$1.46B$1.44B$1.51B$1.53B$1.56B
Avg Forecast$2.57B$2.54B$2.49B$2.46B$2.46B$2.43B$2.38B$2.34B$2.34B$2.32B$2.28B$2.26B$2.28B$2.32B$2.36B$2.39B$2.37B$2.30B$2.05B$1.47B$1.47B$1.48B$1.49B$1.48B$1.46B$1.46B$1.47B$1.48B$1.52B$1.53B
High Forecast$2.59B$2.56B$2.51B$2.48B$2.48B$2.45B$2.40B$2.35B$2.36B$2.32B$2.28B$2.26B$2.31B$2.34B$2.38B$2.40B$2.39B$2.30B$2.05B$1.47B$1.47B$1.48B$1.49B$1.48B$1.46B$1.46B$1.47B$1.48B$1.52B$1.53B
Low Forecast$2.54B$2.51B$2.47B$2.43B$2.43B$2.40B$2.35B$2.32B$2.32B$2.31B$2.28B$2.26B$2.27B$2.30B$2.34B$2.36B$2.35B$2.30B$2.05B$1.47B$1.47B$1.48B$1.49B$1.48B$1.46B$1.46B$1.47B$1.48B$1.52B$1.53B
# Analysts22221114423475632222345611159988
Surprise %-------------1.00%1.01%1.01%1.00%0.98%0.97%0.98%1.03%1.04%0.98%1.00%1.05%1.00%0.98%1.02%1.01%1.02%

M&T Bank's average Quarter revenue forecast for Dec 23 based on 7 analysts is $2.28B, with a low forecast of $2.27B, and a high forecast of $2.31B. MTB's average Quarter revenue forecast represents a -2.15% decrease compared to the company's last Quarter revenue of $2.33B (Sep 23).

M&T Bank EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114423475632222345611159988
EBITDA-------------$922.00M$1.89B$1.45B$1.27B$1.08B$453.36M$582.71M$705.42M$767.10M$712.92M$707.92M$750.37M$630.46M$464.36M$571.02M$906.53M$912.58M
Avg Forecast$811.84M$802.78M$789.00M$777.64M$776.58M$768.11M$752.37M$738.70M$739.89M$732.72M$720.59M$559.88M$722.60M$735.27M$747.19M$508.98M$650.20M$870.14M$778.03M$402.36M$558.80M$559.68M$565.80M$630.05M$553.64M$553.02M$557.86M$695.86M$576.58M$580.07M
High Forecast$818.38M$809.25M$795.37M$783.91M$782.84M$774.31M$758.44M$741.87M$745.86M$733.77M$720.59M$671.85M$728.96M$741.21M$753.22M$610.78M$780.24M$870.14M$778.03M$482.83M$558.80M$559.68M$565.80M$756.06M$553.64M$553.02M$557.86M$835.03M$576.58M$580.07M
Low Forecast$803.43M$794.47M$780.83M$769.59M$768.54M$760.16M$744.58M$732.36M$732.23M$731.67M$720.59M$447.90M$719.41M$727.66M$739.46M$407.18M$520.16M$870.14M$778.03M$321.88M$558.80M$559.68M$565.80M$504.04M$553.64M$553.02M$557.86M$556.69M$576.58M$580.07M
Surprise %-------------1.25%2.53%2.85%1.96%1.24%0.58%1.45%1.26%1.37%1.26%1.12%1.36%1.14%0.83%0.82%1.57%1.57%

7 analysts predict MTB's average Quarter EBITDA for Dec 23 to be $722.60M, with a high of $728.96M and a low of $719.41M. This is -21.63% lower than M&T Bank's previous annual EBITDA (Sep 23) of $922.00M.

M&T Bank Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114423475632222345611159988
Net Income-------------$690.00M$867.03M$701.62M$765.37M$646.60M$217.52M$362.17M$457.97M$495.46M$458.07M$447.25M$471.14M$372.14M$241.05M$268.82M$493.07M$480.08M
Avg Forecast$841.41M$815.49M$769.60M$676.72M$758.94M$722.60M$675.79M$583.98M$625.93M$610.28M$588.26M$405.01M$520.20M$650.26M$697.48M$368.19M$422.12M$671.92M$400.63M$291.06M$547.60M$586.76M$612.03M$398.05M$507.84M$436.82M$276.89M$327.59M$582.08M$600.20M
High Forecast$850.23M$824.04M$777.67M$683.81M$766.90M$730.18M$682.88M$597.37M$639.39M$611.62M$588.30M$486.02M$540.04M$657.08M$704.80M$441.83M$506.54M$671.92M$400.63M$349.27M$547.60M$586.76M$612.03M$477.66M$507.84M$436.82M$276.89M$393.11M$582.08M$600.20M
Low Forecast$830.09M$804.51M$759.24M$667.61M$748.72M$712.88M$666.69M$560.55M$600.69M$608.94M$588.23M$324.01M$507.44M$641.51M$688.09M$294.55M$337.70M$671.92M$400.63M$232.85M$547.60M$586.76M$612.03M$318.44M$507.84M$436.82M$276.89M$262.07M$582.08M$600.20M
Surprise %-------------1.06%1.24%1.91%1.81%0.96%0.54%1.24%0.84%0.84%0.75%1.12%0.93%0.85%0.87%0.82%0.85%0.80%

M&T Bank's average Quarter net income forecast for Dec 23 is $520.20M, with a range of $507.44M to $540.04M. MTB's average Quarter net income forecast represents a -24.61% decrease compared to the company's last Quarter net income of $690.00M (Sep 23).

M&T Bank SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114423475632222345611159988
SG&A-------------$779.00M$793.95M$868.76M$753.98M$785.86M$819.42M$609.12M$555.10M$544.44M$510.37M$569.89M$509.15M$502.87M$482.89M$571.49M$508.57M$508.77M
Avg Forecast$907.14M$897.02M$881.62M$868.93M$867.74M$858.28M$840.69M$825.42M$826.75M$818.74M$805.19M$681.17M$807.42M$821.59M$834.91M$619.24M$511.65M$804.23M$719.10M$489.52M$516.48M$517.29M$522.95M$507.21M$511.70M$511.14M$515.61M$696.43M$532.91M$536.14M
High Forecast$914.46M$904.25M$888.74M$875.94M$874.74M$865.21M$847.47M$828.96M$833.42M$819.91M$805.19M$817.40M$814.54M$828.22M$841.64M$743.09M$613.98M$804.23M$719.10M$587.43M$516.48M$517.29M$522.95M$608.65M$511.70M$511.14M$515.61M$835.72M$532.91M$536.14M
Low Forecast$897.75M$887.73M$872.50M$859.93M$858.76M$849.40M$831.99M$818.34M$818.19M$817.56M$805.19M$544.93M$803.87M$813.09M$826.26M$495.40M$409.32M$804.23M$719.10M$391.62M$516.48M$517.29M$522.95M$405.76M$511.70M$511.14M$515.61M$557.14M$532.91M$536.14M
Surprise %-------------0.95%0.95%1.40%1.47%0.98%1.14%1.24%1.07%1.05%0.98%1.12%0.99%0.98%0.94%0.82%0.95%0.95%

M&T Bank's average Quarter SG&A projection for Dec 23 is $807.42M, based on 7 Wall Street analysts, with a range of $803.87M to $814.54M. The forecast indicates a 3.65% rise compared to MTB last annual SG&A of $779.00M (Sep 23).

M&T Bank EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114423475632222345611159988
EPS-------------$4.00$5.07$4.03$4.32$3.55$1.08$2.63$3.55$3.70$3.41$3.33$3.52$2.75$1.74$1.93$3.60$3.47
Avg Forecast$5.02$4.87$4.59$4.04$4.53$4.31$4.03$3.49$3.74$3.64$3.51$3.01$3.10$3.88$4.16$3.94$4.20$4.01$2.39$2.21$3.27$3.50$3.65$3.00$3.03$2.61$1.65$1.91$3.47$3.58
High Forecast$5.07$4.92$4.64$4.08$4.58$4.36$4.08$3.56$3.82$3.65$3.51$3.01$3.22$3.92$4.21$3.98$4.24$4.01$2.39$2.21$3.27$3.50$3.65$3.00$3.03$2.61$1.65$1.91$3.47$3.58
Low Forecast$4.95$4.80$4.53$3.98$4.47$4.25$3.98$3.35$3.58$3.63$3.51$3.01$3.03$3.83$4.11$3.89$4.14$4.01$2.39$2.21$3.27$3.50$3.65$3.00$3.03$2.61$1.65$1.91$3.47$3.58
Surprise %-------------1.03%1.22%1.02%1.03%0.89%0.45%1.19%1.09%1.06%0.93%1.11%1.16%1.06%1.05%1.01%1.04%0.97%

According to 7 Wall Street analysts, M&T Bank's projected average Quarter EPS for Dec 23 is $3.10, with a low estimate of $3.03 and a high estimate of $3.22. This represents a -22.39% decrease compared to MTB previous annual EPS of $4.00 (Sep 23).

M&T Bank Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WALWestern Alliance Ban$88.33$97.3310.19%Buy
MTBM&T Bank$196.15$211.707.93%Buy
CFGCitizens Financial Group$44.74$47.836.91%Hold
USBU.S. Bancorp$49.98$53.086.20%Buy
TFCTruist Financial$45.13$46.863.83%Buy
RFRegions Financial$24.61$25.292.76%Buy
KEYKeyCorp$17.80$18.151.97%Buy
PNCPNC Financial Services Group$198.30$202.001.87%Buy
CMAComerica$64.41$64.08-0.51%Buy
FITBFifth Third Bancorp$45.05$44.67-0.84%Buy
HBANHuntington Bancshares$16.94$16.56-2.24%Buy
ZIONZions Bancorporation, National Association$56.22$54.00-3.95%Hold
FHNFirst Horizon$19.95$19.00-4.76%Buy

MTB Forecast FAQ

Is M&T Bank a good buy?

Yes, according to 16 Wall Street analysts, M&T Bank (MTB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 62.50% of MTB's total ratings.

What is MTB's price target?

M&T Bank (MTB) average price target is $211.7 with a range of $165 to $243, implying a 14.17% from its last price of $185.42. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will M&T Bank stock go up soon?

According to Wall Street analysts' prediction for MTB stock, the company can go up by 14.17% (from the last price of $185.42 to the average price target of $211.7), up by 31.05% based on the highest stock price target, and down by -11.01% based on the lowest stock price target.

Can M&T Bank stock reach $300?

MTB's average twelve months analyst stock price target of $211.7 does not support the claim that M&T Bank can reach $300 in the near future.

What is M&T Bank's current price target trend?

1 Wall Street analyst forecast a $243 price target for M&T Bank (MTB) this month, up 31.05% from its last price of $185.42. Compared to the last 3 and 12 months, the average price target increased by 14.17% and increased by 4.43%, respectively.

What are M&T Bank's analysts' financial forecasts?

M&T Bank's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.6B (high $9.67B, low $9.5B), average EBITDA is $3.04B (high $3.06B, low $3.01B), average net income is $2.74B (high $2.78B, low $2.69B), average SG&A $3.39B (high $3.42B, low $3.36B), and average EPS is $16.36 (high $16.57, low $16.05). MTB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $10.06B (high $10.14B, low $9.96B), average EBITDA is $3.18B (high $3.21B, low $3.15B), average net income is $3.1B (high $3.14B, low $3.06B), average SG&A $3.55B (high $3.58B, low $3.52B), and average EPS is $18.52 (high $18.71, low $18.27).

Did the MTB's actual financial results beat the analysts' financial forecasts?

Based on M&T Bank's last annual report (Dec 2023), the company's revenue was $10.22B, beating the average analysts forecast of $9.36B by 9.26%. Apple's EBITDA was $3.62B, beating the average prediction of $2.71B by 33.34%. The company's net income was $2.74B, beating the average estimation of $2.24B by 22.58%. Apple's SG&A was $108M, missing the average forecast of $3.08B by -96.50%. Lastly, the company's EPS was $15.85, beating the average prediction of $15.09 by 5.06%. In terms of the last quarterly report (Sep 2023), M&T Bank's revenue was $2.34B, beating the average analysts' forecast of $2.32B by 0.43%. The company's EBITDA was $922M, beating the average prediction of $735.27M by 25.40%. M&T Bank's net income was $690M, beating the average estimation of $650.26M by 6.11%. The company's SG&A was $779M, missing the average forecast of $821.59M by -5.18%. Lastly, the company's EPS was $4, beating the average prediction of $3.88 by 3.08%