Barclays has adjusted its price target for Truist Financial (TFC, Financial), reducing it from $51 to $47. Despite maintaining an Equal Weight rating on the shares, the revision reflects an analysis of the company's recent financial performance.
Truist Financial's first-quarter earnings largely met expectations, with most components aligning with forecasts. However, the company reported a weaker than expected net interest margin, influencing Barclays' decision to revise the price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Truist Financial Corp (TFC, Financial) is $47.49 with a high estimate of $53.00 and a low estimate of $41.00. The average target implies an upside of 32.28% from the current price of $35.90. More detailed estimate data can be found on the Truist Financial Corp (TFC) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Truist Financial Corp's (TFC, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Truist Financial Corp (TFC, Financial) in one year is $43.17, suggesting a upside of 20.25% from the current price of $35.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Truist Financial Corp (TFC) Summary page.
