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Truist Financial Corp has a consensus price target of $44.43 based on the ratings of 24 analysts. The high is $52 issued by Wells Fargo on November 15, 2024. The low is $34 issued by Piper Sandler on December 8, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, UBS, and RBC Capital on November 15, 2024, October 18, 2024, and October 18, 2024, respectively. With an average price target of $49 between Wells Fargo, UBS, and RBC Capital, there's an implied 5.08% upside for Truist Financial Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Truist Finl (NYSE:TFC) was reported by Wells Fargo on November 15, 2024. The analyst firm set a price target for $52.00 expecting TFC to rise to within 12 months (a possible 11.52% upside). 44 analyst firms have reported ratings in the last year.
The latest analyst rating for Truist Finl (NYSE:TFC) was provided by Wells Fargo, and Truist Finl maintained their overweight rating.
The last upgrade for Truist Financial Corp happened on August 9, 2024 when Wolfe Research raised their price target to N/A. Wolfe Research previously had an underperform for Truist Financial Corp.
The last downgrade for Truist Financial Corp happened on July 24, 2024 when Citigroup changed their price target from $45 to $47 for Truist Financial Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Truist Finl, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Truist Finl was filed on November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Truist Finl (TFC) rating was a maintained with a price target of $48.00 to $52.00. The current price Truist Finl (TFC) is trading at is $46.63, which is out of the analyst’s predicted range.
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