Argus has adjusted its price target for Truist Financial (TFC, Financial), lowering it from $52 to $43 following the company's first-quarter financial results. Despite this revision, Argus maintains a Buy rating on the stock, highlighting its continued favorable valuation.
Truist Financial has revised its revenue expectations for 2025, now forecasting an increase of 1.5% to 2.5%. This is a downgrade from the previous projection of 3.0% to 3.5%. The adjustment reflects anticipated challenges in the investment banking and wealth management sectors, which are expected to influence revenue growth negatively.
Despite these challenges, Argus remains optimistic about the long-term value of Truist shares, citing attractive current valuations as a key factor in maintaining their Buy rating.
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 35.14% from the current price of $35.14. 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 22.85% from the current price of $35.14. 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.
