Truist Financial (TFC) Stock Forecast, Price Target & Predictions


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TFC Stock Forecast


Truist Financial stock forecast is as follows: an average price target of $54.07 (represents a 29.23% upside from TFC’s last price of $41.84) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

TFC Price Target


The average price target for Truist Financial (TFC) is $54.07 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $76.00 to $43.00. This represents a potential 29.23% upside from TFC's last price of $41.84.

TFC Analyst Ratings


Buy

According to 13 Wall Street analysts, Truist Financial's rating consensus is 'Buy'. The analyst rating breakdown for TFC stock is 0 'Strong Buy' (0.00%), 7 'Buy' (53.85%), 5 'Hold' (38.46%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

Truist Financial Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 10, 2024Terry McEvoyStephens$50.00$41.6320.11%19.50%
Sep 03, 2024Scott SiefersPiper Sandler$43.00$44.22-2.76%2.77%
Jul 23, 2024Stephen BiggarArgus Research$51.00$43.7816.49%21.89%
Jul 22, 2024Bill CarcacheWolfe Research$45.00$43.782.79%7.55%
Jul 22, 2024John PancariEvercore ISI$48.00$43.789.64%14.72%
Jul 17, 2024David GeorgeTruist Financial$45.00$42.446.03%7.55%
May 16, 2024Terry McEvoyStephens$47.00$40.1816.97%12.33%
May 16, 2024Jason GoldbergBarclays$43.00$40.187.02%2.77%
May 14, 2024Scott SiefersPiper Sandler$41.00$39.483.85%-2.01%
Apr 23, 2024David RochesterTruist Financial$42.00$38.967.80%0.38%
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The latest Truist Financial stock forecast, released on Sep 10, 2024 by Terry McEvoy from Stephens, set a price target of $50.00, which represents a 20.11% increase from the stock price at the time of the forecast ($41.63), and a 19.50% increase from TFC last price ($41.84).

Truist Financial Price Target by Period


1M3M12M
# Anlaysts2612
Avg Price Target$46.50$47.00$44.50
Last Closing Price$41.84$41.84$41.84
Upside/Downside11.14%12.33%6.36%

In the current month, the average price target of Truist Financial stock is $46.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 11.14% increase as opposed to Truist Financial's last price of $41.84. This month's average price target is down -1.06% compared to last quarter, and up 4.49% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2024StephensOverweightOverweightHold
Sep 03, 2024Piper SandlerNeutralNeutralHold
Aug 09, 2024Wolfe ResearchUnderperformPeer PerformUpgrade
Aug 09, 2024Wolfe ResearchUnderperformCautiousUpgrade
Jul 23, 2024Goldman SachsBuyBuyHold
Jul 23, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jul 23, 2024Truist FinancialBuyBuyHold
Jul 23, 2024RBC CapitalOutperformOutperformHold
Jul 23, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 23, 2024Wells FargoOverweightOverweightHold
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Truist Financial's last stock rating was published by Stephens on Sep 10, 2024. The company gave TFC a "Overweight" rating, the same as its previous rate.

Truist Financial Financial Forecast


Truist Financial Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$8.42B$5.67B$5.92B$6.10B$6.21B$1.48B-$5.33B$5.53B$5.60B$5.65B$5.45B$5.65B$5.57B$5.87B$5.61B$3.63B$3.00B
Avg Forecast$2.34B$2.18B$2.03B$1.90B$5.35B$5.27B$5.19B$5.10B$5.11B$5.09B$4.83B$5.70B$5.70B$5.70B$5.97B$6.09B$6.15B$5.93B$5.65B$5.48B$5.59B$5.53B$5.47B$5.44B$5.41B$5.41B$5.51B$5.53B$3.63B$2.99B
High Forecast$2.36B$2.20B$2.05B$1.91B$5.38B$5.31B$5.22B$5.14B$5.14B$5.11B$4.86B$5.74B$5.72B$5.74B$6.01B$6.13B$6.20B$5.97B$5.65B$5.56B$5.66B$5.60B$5.55B$5.52B$5.49B$5.48B$5.58B$5.60B$3.68B$3.03B
Low Forecast$2.33B$2.17B$2.02B$1.88B$5.31B$5.24B$5.15B$5.07B$5.08B$5.05B$4.79B$5.66B$5.68B$5.67B$5.93B$6.05B$6.11B$5.89B$5.65B$5.34B$5.44B$5.38B$5.33B$5.30B$5.27B$5.27B$5.36B$5.38B$3.53B$2.91B
# Analysts644643744974946437534864646453
Surprise %------------1.48%0.99%0.99%1.00%1.01%0.25%-0.97%0.99%1.01%1.03%1.00%1.04%1.03%1.07%1.02%1.00%1.00%

Truist Financial's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.70B, with a low forecast of $5.66B, and a high forecast of $5.74B. TFC's average Quarter revenue forecast represents a -32.29% decrease compared to the company's last Quarter revenue of $8.42B (Dec 23).

Truist Financial EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974946437534864646453
EBITDA------------$175.00M$1.59B$4.32B$4.01B$3.48B$2.85B-$2.25B$2.48B$2.67B$2.61B$2.38B$2.29B$2.04B$2.01B$2.46B$1.67B$1.70B
Avg Forecast$-140.51M$-130.97M$-122.07M$-113.78M$-320.96M$-316.51M$-311.28M$-306.21M$-306.67M$-305.74M$-289.64M$2.24B$-341.84M$-342.29M$-358.18M$2.04B$-369.35M$2.40B$-339.09M$1.86B$2.24B$2.18B$1.76B$2.23B$1.79B$1.86B$1.73B$1.87B$1.66B$1.83B
High Forecast$-139.57M$-130.10M$-121.26M$-113.03M$-318.83M$-314.41M$-309.21M$-304.18M$-304.63M$-303.32M$-287.71M$2.69B$-340.63M$-340.02M$-355.80M$2.45B$-366.90M$2.88B$-339.09M$2.23B$2.69B$2.62B$2.12B$2.68B$2.15B$2.23B$2.07B$2.25B$1.99B$2.20B
Low Forecast$-141.45M$-131.84M$-122.89M$-114.55M$-323.11M$-318.63M$-313.36M$-308.26M$-308.72M$-306.96M$-291.58M$1.80B$-343.05M$-344.59M$-360.57M$1.63B$-371.82M$1.92B$-339.09M$1.48B$1.80B$1.75B$1.41B$1.79B$1.43B$1.49B$1.38B$1.50B$1.32B$1.47B
Surprise %-------------0.51%-4.66%-12.07%1.96%-9.43%1.19%-1.21%1.11%1.22%1.48%1.07%1.28%1.10%1.16%1.31%1.01%0.93%

4 analysts predict TFC's average Quarter EBITDA for Mar 24 to be $2.24B, with a high of $2.69B and a low of $1.80B. This is 1182.84% upper than Truist Financial's previous annual EBITDA (Dec 23) of $175.00M.

Truist Financial Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974946437534864646453
Net Income------------$-5.09B$1.18B$1.31B$1.51B$1.68B$1.63B-$1.42B$1.60B$1.70B$1.66B$1.48B$1.33B$1.14B$955.00M$1.06B$721.00M$825.00M
Avg Forecast$1.51B$1.46B$1.49B$1.41B$1.44B$1.34B$1.31B$1.19B$1.20B$1.22B$880.70M$1.51B$913.73M$1.09B$1.34B$1.37B$1.67B$1.53B$1.44B$1.25B$1.45B$1.39B$1.12B$1.38B$1.04B$1.04B$822.36M$806.87M$714.00M$889.08M
High Forecast$1.52B$1.48B$1.50B$1.42B$1.46B$1.35B$1.32B$1.20B$1.22B$1.25B$888.37M$1.81B$996.80M$1.10B$1.35B$1.65B$1.68B$1.84B$1.44B$1.50B$1.74B$1.67B$1.34B$1.66B$1.25B$1.24B$986.83M$968.24M$856.80M$1.07B
Low Forecast$1.50B$1.45B$1.48B$1.39B$1.43B$1.33B$1.29B$1.18B$1.19B$1.16B$873.10M$1.21B$872.19M$1.08B$1.33B$1.10B$1.65B$1.22B$1.44B$998.22M$1.16B$1.11B$895.06M$1.11B$833.02M$828.57M$657.89M$645.49M$571.20M$711.26M
Surprise %-------------5.57%1.08%0.98%1.10%1.01%1.07%-1.13%1.11%1.22%1.48%1.07%1.28%1.10%1.16%1.31%1.01%0.93%

Truist Financial's average Quarter net income forecast for Dec 23 is $913.73M, with a range of $872.19M to $996.80M. TFC's average Quarter net income forecast represents a -22.37% decrease compared to the company's last Quarter net income of $1.18B (Sep 23).

Truist Financial SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974946437534864646453
SG&A-------------$2.28B$2.33B$2.26B$2.27B$2.22B-$2.13B$2.16B$2.28B$2.27B$2.21B$2.17B$2.13B$2.06B$2.06B$1.51B$1.16B
Avg Forecast$1.19B$1.11B$1.03B$963.81M$2.72B$2.68B$2.64B$2.59B$2.60B$2.59B$2.45B$2.28B$2.90B$2.90B$3.03B$2.07B$3.13B$2.05B$2.87B$1.88B$1.96B$1.86B$1.53B$2.07B$1.70B$1.94B$1.78B$1.57B$1.50B$1.25B
High Forecast$1.20B$1.12B$1.04B$970.27M$2.74B$2.70B$2.65B$2.61B$2.62B$2.60B$2.47B$2.73B$2.91B$2.92B$3.05B$2.49B$3.15B$2.46B$2.87B$2.26B$2.35B$2.24B$1.84B$2.48B$2.04B$2.33B$2.13B$1.88B$1.79B$1.50B
Low Forecast$1.18B$1.10B$1.03B$957.42M$2.70B$2.66B$2.62B$2.58B$2.58B$2.57B$2.44B$1.82B$2.89B$2.88B$3.01B$1.66B$3.11B$1.64B$2.87B$1.51B$1.57B$1.49B$1.23B$1.66B$1.36B$1.55B$1.42B$1.25B$1.20B$1.00B
Surprise %-------------0.79%0.77%1.09%0.72%1.08%-1.13%1.11%1.22%1.48%1.07%1.28%1.10%1.16%1.31%1.01%0.93%

Truist Financial's average Quarter SG&A projection for Dec 23 is $2.90B, based on 9 Wall Street analysts, with a range of $2.89B to $2.91B. The forecast indicates a 27.11% rise compared to TFC last annual SG&A of $2.28B (Sep 23).

Truist Financial EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974946437534864646453
EPS------------$-3.82$0.80$0.93$1.06$1.21$1.16-$1.00$1.20$1.21$1.16$0.99$0.91$0.79$0.67$0.73$0.76$0.96
Avg Forecast$1.13$1.09$1.11$1.05$1.08$1.00$0.98$0.89$0.90$0.91$0.66$0.78$0.68$0.81$1.00$1.14$1.24$1.19$1.07$0.93$1.13$1.09$0.98$0.94$0.86$0.84$0.68$0.65$0.90$1.01
High Forecast$1.14$1.10$1.12$1.06$1.09$1.01$0.98$0.90$0.91$0.93$0.66$0.79$0.74$0.82$1.01$1.15$1.26$1.20$1.07$0.94$1.15$1.11$1.00$0.95$0.88$0.85$0.69$0.67$0.92$1.03
Low Forecast$1.12$1.08$1.10$1.04$1.07$0.99$0.97$0.88$0.89$0.87$0.65$0.77$0.65$0.81$0.99$1.13$1.23$1.18$1.07$0.89$1.09$1.06$0.95$0.90$0.83$0.81$0.65$0.63$0.87$0.97
Surprise %-------------5.59%0.98%0.93%0.93%0.97%0.97%-1.08%1.06%1.11%1.18%1.06%1.06%0.94%0.99%1.12%0.84%0.95%

According to 9 Wall Street analysts, Truist Financial's projected average Quarter EPS for Dec 23 is $0.68, with a low estimate of $0.65 and a high estimate of $0.74. This represents a -14.65% decrease compared to TFC previous annual EPS of $0.80 (Sep 23).

Truist Financial Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PACWPacWest Bancorp$7.54$34.50357.56%Hold
TFCTruist Financial$41.84$54.0729.23%Buy
CMAComerica$57.49$73.4227.71%Buy
ZIONZions Bancorporation, National Association$46.49$58.0024.76%Hold
USBU.S. Bancorp$44.62$54.9823.22%Buy
KEYKeyCorp$16.09$19.6322.00%Buy
HBANHuntington Bancshares$14.38$16.0411.54%Buy
RFRegions Financial$21.97$24.1910.10%Buy
MTBM&T Bank$168.88$184.699.36%Buy
PNCPNC Financial Services Group$177.24$188.636.43%Buy
WALWestern Alliance Ban$81.91$86.755.91%Buy
FITBFifth Third Bancorp$42.07$38.67-8.08%Buy

TFC Forecast FAQ


Yes, according to 13 Wall Street analysts, Truist Financial (TFC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 53.85% of TFC's total ratings.

Truist Financial (TFC) average price target is $54.07 with a range of $43 to $76, implying a 29.23% from its last price of $41.84. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for TFC stock, the company can go up by 29.23% (from the last price of $41.84 to the average price target of $54.07), up by 81.64% based on the highest stock price target, and up by 2.77% based on the lowest stock price target.

TFC's highest twelve months analyst stock price target of $76 supports the claim that Truist Financial can reach $60 in the near future.

2 Wall Street analysts forecast a $46.5 price target for Truist Financial (TFC) this month, up 11.14% from its last price of $41.84. Compared to the last 3 and 12 months, the average price target increased by 12.33% and increased by 6.36%, respectively.

Truist Financial's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.91B (high $21.05B, low $20.77B), average EBITDA is $-1.255B (high $-1.247B, low $-1.263B), average net income is $5.28B (high $5.33B, low $5.24B), average SG&A $10.63B (high $10.7B, low $10.56B), and average EPS is $3.95 (high $3.98, low $3.91). TFC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.45B (high $8.51B, low $8.4B), average EBITDA is $-507M (high $-504M, low $-511M), average net income is $5.87B (high $5.92B, low $5.82B), average SG&A $4.3B (high $4.33B, low $4.27B), and average EPS is $4.39 (high $4.42, low $4.35).

Based on Truist Financial's last annual report (Dec 2023), the company's revenue was $33.25B, beating the average analysts forecast of $23.46B by 41.70%. Apple's EBITDA was $665M, missing the average prediction of $998.57M by -33.40%. The company's net income was $-1.091B, missing the average estimation of $4.71B by -123.14%. Apple's SG&A was $0, missing the average forecast of $10.9B by -100.00%. Lastly, the company's EPS was $-0.82, missing the average prediction of $3.64 by -122.54%. In terms of the last quarterly report (Dec 2023), Truist Financial's revenue was $8.42B, beating the average analysts' forecast of $5.7B by 47.83%. The company's EBITDA was $175M, missing the average prediction of $-342M by -151.19%. Truist Financial's net income was $-5.09B, missing the average estimation of $913.73M by -657.06%. The company's SG&A was $0, missing the average forecast of $2.9B by -100.00%. Lastly, the company's EPS was $-3.82, missing the average prediction of $0.683 by -659.44%