Morgan Stanley has increased its price target for Huntington Bancshares (HBAN, Financial) from $15 to $16 following a robust first quarter performance that exceeded expectations. Analyst Manan Gosalia maintains an Overweight rating on the stock, signaling confidence in the company's potential for future growth.
The adjustment in price target and continued positive outlook come after Huntington Bancshares outperformed in its recent earnings report. The financial firm sees substantial potential for growth in the bank's net interest income, despite adopting a cautious stance concerning loan growth in the latter half of 2025.
Investors are taking note of the "meaningful upside" highlighted by Morgan Stanley, which reflects the bank's strategic positioning and resilience in the current economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Huntington Bancshares Inc (HBAN, Financial) is $17.65 with a high estimate of $21.00 and a low estimate of $15.00. The average target implies an upside of 29.12% from the current price of $13.67. More detailed estimate data can be found on the Huntington Bancshares Inc (HBAN) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Huntington Bancshares Inc's (HBAN, Financial) average brokerage recommendation is currently 2.1, 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 Huntington Bancshares Inc (HBAN, Financial) in one year is $15.19, suggesting a upside of 11.12% from the current price of $13.67. 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 Huntington Bancshares Inc (HBAN) Summary page.
