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

OverviewRevenueOwnershipFinancialsChartTranscripts

TFC Stock Forecast

Truist Financial stock forecast is as follows: an average price target of $46.86 (represents a 8.17% upside from TFC’s last price of $43.32) 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 $46.86 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $51.00 to $43.00. This represents a potential 8.17% upside from TFC's last price of $43.32.

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
Oct 18, 2024Gerard CassidyRBC Capital$46.00$42.957.10%6.19%
Sep 10, 2024Terry McEvoyStephens$50.00$41.6320.11%15.42%
Sep 03, 2024Scott SiefersPiper Sandler$43.00$44.22-2.76%-0.74%
Jul 23, 2024Stephen BiggarArgus Research$51.00$43.7816.49%17.73%
Jul 22, 2024Bill CarcacheWolfe Research$45.00$43.782.79%3.88%
Jul 22, 2024John PancariEvercore ISI$48.00$43.789.64%10.80%
Jul 17, 2024David GeorgeTruist Financial$45.00$42.446.03%3.88%
May 16, 2024Terry McEvoyStephens$47.00$40.1816.97%8.49%
May 16, 2024Jason GoldbergBarclays$43.00$40.187.02%-0.74%
May 14, 2024Scott SiefersPiper Sandler$41.00$39.483.85%-5.36%
Apr 23, 2024David RochesterTruist Financial$42.00$38.967.80%-3.05%
Jan 04, 2024Ebrahim PoonawalaTruist Financial$43.00$37.1615.72%-0.74%
Sep 20, 2023David KonradTruist Financial$36.00$28.3726.89%-16.90%
Jan 31, 2023Terry McEvoyTruist Financial$53.00$49.397.31%22.35%
Sep 30, 2022Goldman Sachs$51.00$44.0815.70%17.73%
Sep 30, 2022Youssef Squali SqualiTruist Financial$136.00$43.97209.30%213.94%
Sep 28, 2022Stephen ScoutenTruist Financial$55.00$43.0427.79%26.96%
Sep 12, 2022Deutsche Bank$61.00$49.3323.66%40.81%
Jul 12, 2022Morgan Stanley$56.00$47.4018.14%29.27%
May 31, 2022Goldman Sachs$57.00$49.1316.02%31.58%
Jan 19, 2022John PancariEvercore ISI$74.00$64.1115.43%70.82%
Jan 18, 2022Stephen ScoutenPiper Sandler$72.00$66.687.98%66.20%
Jan 03, 2022Jason GoldbergBarclays$72.00$59.9620.08%66.20%
Oct 04, 2021Mike MayoWells Fargo$76.00$59.1728.44%75.44%
Oct 01, 2021Keith HorowitzCitigroup$72.00$59.3421.33%66.20%
Jul 06, 2021David KonradKBW$49.00$53.18-7.86%13.11%
May 18, 2021Dave RochesterCompass Point$67.00$59.8012.04%54.66%

The latest Truist Financial stock forecast, released on Oct 18, 2024 by Gerard Cassidy from RBC Capital, set a price target of $46.00, which represents a 7.10% increase from the stock price at the time of the forecast ($42.95), and a 6.19% increase from TFC last price ($43.32).

Truist Financial Price Target by Period

1M3M12M
# Anlaysts-112
Avg Price Target-$46.00$45.33
Last Closing Price$43.32$43.32$43.32
Upside/Downside-100.00%6.19%4.64%

In the current month, the average price target of Truist 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 Truist Financial's last price of $43.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024RBC CapitalOutperformOutperformHold
Sep 10, 2024StephensOverweightOverweightHold
Sep 03, 2024Piper SandlerNeutralNeutralHold
Aug 09, 2024Wolfe ResearchUnderperformPeer PerformUpgrade
Aug 09, 2024Wolfe ResearchUnderperformCautiousUpgrade
Jul 23, 2024Truist FinancialBuyBuyHold
Jul 23, 2024Goldman SachsBuyBuyHold
Jul 23, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jul 23, 2024RBC CapitalOutperformOutperformHold
Jul 23, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 23, 2024Wells FargoOverweightOverweightHold
Jul 23, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 22, 2024Wolfe ResearchUnderperformUnderperformHold
Jul 17, 2024StephensBuyBuyHold
Jul 17, 2024Piper SandlerUnderperformUnderperformHold
Jul 17, 2024Truist FinancialBuyNeutralDowngrade
May 16, 2024StephensOverweightOverweightHold
May 14, 2024Piper SandlerNeutralNeutralHold
May 08, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Apr 23, 2024Wells FargoBuyBuyHold
Apr 23, 2024UBSUnderperformUnderperformHold
Apr 23, 2024Truist FinancialOverweightBuyUpgrade
Apr 08, 2024JefferiesHoldHoldHold
Apr 04, 2024UBSBuyBuyHold
Mar 19, 2024StephensOverweightUpgrade
Mar 19, 2024Truist FinancialOutperformOverweightUpgrade
Feb 13, 2024Truist FinancialOutperformOutperformHold
Dec 14, 2023Truist FinancialOutperformBuyUpgrade
Jul 06, 2023Truist FinancialBuyOutperformUpgrade
Jun 16, 2023Wells FargoOverweightInitialise
Jun 16, 2023JefferiesBuyInitialise
Jun 16, 2023B. Riley SecuritiesNeutralInitialise
Mar 15, 2023Truist FinancialOutperformBuyUpgrade
Mar 13, 2023Truist FinancialMarket PerformOutperformUpgrade
Mar 13, 2023Truist FinancialEqual-WeightMarket PerformUpgrade
Jan 31, 2023Truist FinancialBuyEqual-WeightDowngrade
Jan 09, 2023Truist FinancialOverweightBuyUpgrade
Jan 04, 2023CitigroupNegativeNegativeHold
Sep 30, 2022Goldman SachsBuyBuyHold
Sep 28, 2022Piper SandlerOverweightUpgrade
Sep 28, 2022Truist FinancialOverweightUpgrade
Sep 12, 2022Deutsche BankBuyBuyHold
Jul 12, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 31, 2022Goldman SachsBuyBuyHold
Oct 06, 2021Wolfe ResearchOutperformDowngrade

Truist Financial's last stock rating was published by RBC Capital on Oct 18, 2024. The company gave TFC a "Outperform" 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 22Jun 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$1.98B$5.33B$5.53B$5.60B$5.65B$5.45B$5.65B$5.57B$5.87B$5.61B$3.63B$3.00B
Avg Forecast$5.50B$5.43B$5.34B$5.24B$5.32B$5.22B$5.11B$5.01B$5.03B$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$5.57B$5.50B$5.41B$5.31B$5.39B$5.29B$5.18B$5.11B$5.05B$5.09B$4.83B$5.70B$5.72B$5.78B$6.05B$6.17B$6.24B$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
Low Forecast$5.44B$5.37B$5.29B$5.19B$5.26B$5.17B$5.06B$4.93B$5.01B$5.09B$4.83B$5.70B$5.68B$5.65B$5.91B$6.03B$6.09B$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
# Analysts33454527737494643743474499991313
Surprise %------------1.48%0.99%0.99%1.00%1.01%0.25%0.35%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 $5.70B, and a high forecast of $5.70B. 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527737494643743474499991313
EBITDA------------$175.00M$1.59B$4.32B$4.01B$3.48B$2.85B$2.44B$2.25B$2.48B$2.67B$2.61B$2.38B$2.29B$2.04B$2.01B$2.46B$1.67B$1.70B
Avg Forecast$892.22M$880.79M$867.57M$850.52M$863.23M$847.32M$829.32M$814.03M$817.27M$826.38M$783.50M$2.24B$924.72M$925.95M$968.91M$2.04B$2.47B$-356.12M$-339.09M$1.86B$-335.32M$-331.61M$-328.47M$2.23B$-324.85M$-324.65M$-330.49M$1.87B$-217.68M$-179.34M
High Forecast$903.93M$892.35M$878.95M$861.68M$874.55M$858.43M$840.20M$830.31M$820.53M$826.88M$783.50M$2.69B$928.00M$938.10M$981.62M$2.45B$2.96B$-356.12M$-339.09M$2.23B$-335.32M$-331.61M$-328.47M$2.68B$-324.85M$-324.65M$-330.49M$2.25B$-217.68M$-179.34M
Low Forecast$883.14M$871.82M$858.73M$841.86M$854.44M$838.69M$820.87M$801.00M$814.01M$825.88M$783.50M$1.80B$921.44M$916.52M$959.04M$1.63B$1.97B$-356.12M$-339.09M$1.48B$-335.32M$-331.61M$-328.47M$1.79B$-324.85M$-324.65M$-330.49M$1.50B$-217.68M$-179.34M
Surprise %------------0.19%1.72%4.46%1.96%1.41%-7.99%-7.19%1.21%-7.40%-8.06%-7.95%1.07%-7.04%-6.29%-6.07%1.31%-7.68%-9.49%

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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527737494643743474499991313
Net Income------------$-5.09B$1.18B$1.31B$1.51B$1.68B$1.63B$1.53B$1.42B$1.60B$1.70B$1.66B$1.48B$1.33B$1.14B$955.00M$1.06B$721.00M$825.00M
Avg Forecast$1.60B$1.57B$1.51B$1.40B$1.45B$1.37B$1.30B$1.18B$1.19B$1.23B$864.39M$1.51B$905.10M$1.10B$1.35B$1.37B$1.59B$1.59B$1.43B$1.25B$1.51B$1.46B$1.31B$1.38B$1.15B$1.12B$904.86M$806.87M$1.20B$1.35B
High Forecast$1.63B$1.59B$1.54B$1.43B$1.47B$1.39B$1.32B$1.22B$1.29B$1.23B$876.06M$1.81B$987.39M$1.12B$1.37B$1.65B$1.91B$1.65B$1.49B$1.50B$1.51B$1.46B$1.33B$1.66B$1.15B$1.12B$904.86M$968.24M$1.20B$1.35B
Low Forecast$1.58B$1.55B$1.49B$1.38B$1.43B$1.35B$1.28B$1.14B$1.15B$1.23B$852.72M$1.21B$863.97M$1.08B$1.33B$1.10B$1.28B$1.54B$1.37B$998.22M$1.51B$1.46B$1.29B$1.11B$1.15B$1.12B$904.86M$645.49M$1.20B$1.35B
Surprise %-------------5.62%1.07%0.97%1.10%1.05%1.02%1.07%1.13%1.06%1.16%1.26%1.07%1.16%1.01%1.06%1.31%0.60%0.61%

Truist Financial's average Quarter net income forecast for Dec 23 is $905.10M, with a range of $863.97M to $987.39M. TFC's average Quarter net income forecast represents a -23.10% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527737494643743474499991313
SG&A-------------$2.28B$2.33B$2.26B$2.27B$2.22B$2.19B$2.13B$2.16B$2.28B$2.27B$2.21B$2.17B$2.13B$2.06B$2.06B$1.51B$1.16B
Avg Forecast$2.92B$2.88B$2.84B$2.78B$2.82B$2.77B$2.71B$2.66B$2.67B$2.70B$2.56B$2.28B$3.03B$3.03B$3.17B$2.07B$2.15B$3.02B$2.87B$1.88B$2.84B$2.81B$2.78B$2.07B$2.75B$2.75B$2.80B$1.57B$1.84B$1.52B
High Forecast$2.96B$2.92B$2.88B$2.82B$2.86B$2.81B$2.75B$2.72B$2.68B$2.71B$2.56B$2.73B$3.04B$3.07B$3.21B$2.49B$2.58B$3.02B$2.87B$2.26B$2.84B$2.81B$2.78B$2.48B$2.75B$2.75B$2.80B$1.88B$1.84B$1.52B
Low Forecast$2.89B$2.85B$2.81B$2.75B$2.80B$2.74B$2.69B$2.62B$2.66B$2.70B$2.56B$1.82B$3.01B$3.00B$3.14B$1.66B$1.72B$3.02B$2.87B$1.51B$2.84B$2.81B$2.78B$1.66B$2.75B$2.75B$2.80B$1.25B$1.84B$1.52B
Surprise %-------------0.75%0.74%1.09%1.05%0.74%0.76%1.13%0.76%0.81%0.82%1.07%0.79%0.78%0.74%1.31%0.82%0.76%

Truist Financial's average Quarter SG&A projection for Dec 23 is $3.03B, based on 9 Wall Street analysts, with a range of $3.01B to $3.04B. The forecast indicates a 32.82% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527737494643743474499991313
EPS------------$-3.82$0.80$0.93$1.06$1.21$1.16$1.09$1.00$1.20$1.21$1.16$0.99$0.91$0.79$0.67$0.73$0.76$0.96
Avg Forecast$1.19$1.16$1.12$1.04$1.07$1.02$0.96$0.87$0.88$0.91$0.64$0.78$0.67$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$1.21$1.18$1.14$1.06$1.09$1.03$0.98$0.90$0.95$0.91$0.65$0.78$0.73$0.83$1.02$1.16$1.27$1.23$1.11$0.93$1.13$1.09$1.00$0.94$0.86$0.84$0.68$0.65$0.90$1.01
Low Forecast$1.17$1.15$1.11$1.03$1.06$1.00$0.95$0.84$0.85$0.91$0.63$0.78$0.64$0.80$0.99$1.13$1.23$1.15$1.02$0.93$1.13$1.09$0.97$0.94$0.86$0.84$0.68$0.65$0.90$1.01
Surprise %-------------5.69%0.98%0.93%0.93%0.97%0.97%1.02%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 $0.67, with a low estimate of $0.64 and a high estimate of $0.73. This represents a -16.14% 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
WALWestern Alliance Ban$88.33$97.3310.19%Buy
MTBM&T Bank$196.15$211.707.93%Buy
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

TFC Forecast FAQ

Is Truist Financial a good buy?

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.

What is TFC's price target?

Truist Financial (TFC) average price target is $46.86 with a range of $43 to $51, implying a 8.17% from its last price of $43.32. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Truist Financial stock go up soon?

According to Wall Street analysts' prediction for TFC stock, the company can go up by 8.17% (from the last price of $43.32 to the average price target of $46.86), up by 17.73% based on the highest stock price target, and down by -0.74% based on the lowest stock price target.

Can Truist Financial stock reach $60?

TFC's average twelve months analyst stock price target of $46.86 does not support the claim that Truist Financial can reach $60 in the near future.

What are Truist Financial's analysts' financial forecasts?

Truist Financial's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.66B (high $20.97B, low $20.42B), average EBITDA is $3.35B (high $3.4B, low $3.31B), average net income is $5.29B (high $5.4B, low $5.2B), average SG&A $10.97B (high $11.14B, low $10.85B), and average EPS is $3.92 (high $4.01, low $3.85). TFC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $21.51B (high $21.79B, low $21.29B), average EBITDA is $3.49B (high $3.54B, low $3.46B), average net income is $6.08B (high $6.19B, low $6B), average SG&A $11.42B (high $11.57B, low $11.31B), and average EPS is $4.51 (high $4.59, low $4.45).

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

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 $4.86B by -86.32%. The company's net income was $-1.091B, missing the average estimation of $4.72B by -123.10%. Apple's SG&A was $0, missing the average forecast of $11.3B by -100.00%. Lastly, the company's EPS was $-0.82, missing the average prediction of $3.63 by -122.62%. 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 $924.72M by -81.08%. Truist Financial's net income was $-5.09B, missing the average estimation of $905.1M by -662.37%. The company's SG&A was $0, missing the average forecast of $3.03B by -100.00%. Lastly, the company's EPS was $-3.82, missing the average prediction of $0.671 by -669.40%