Truist analyst Brian Foran has revised the price target for Fifth Third Bancorp (FITB, Financial), reducing it from $52 to $44. This adjustment follows increased economic uncertainties impacting several financial metrics.
Expectations for Fifth Third's earnings per share (EPS) have also been recalibrated. Projections for 2025 and 2026 have been lowered to $3.50 and $4.15 respectively, as the bank faces challenges such as fee volatility, decelerating growth in loans and deposits, and heightened provision expenses due to potential recession risks.
Despite these revised estimates, Truist maintains a Buy rating on Fifth Third shares. This stance is supported by the bank's strategic expansion in the southeastern region and its diversified commercial fee services, which are seen as key differentiators in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Fifth Third Bancorp (FITB, Financial) is $45.67 with a high estimate of $53.00 and a low estimate of $39.00. The average target implies an upside of 38.55% from the current price of $32.97. More detailed estimate data can be found on the Fifth Third Bancorp (FITB) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Fifth Third Bancorp's (FITB, 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 Fifth Third Bancorp (FITB, Financial) in one year is $41.90, suggesting a upside of 27.1% from the current price of $32.965. 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 Fifth Third Bancorp (FITB) Summary page.
