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NYSE: TFC
Truist Financial Corp Stock Forecast, Predictions & Price Target

Analyst price target for TFC

Based on 5 analysts offering 12 month price targets for Truist Financial Corp.
Min Forecast
$45.00-26.91%
Avg Forecast
$60.20-2.23%
Max Forecast
$68.00+10.44%

Should I buy or sell TFC stock?

Buy
Strong Buy
1 analysts 20%
Buy
2 analysts 40%
Hold
2 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

TFC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Erika Najarian
Bank of America
Strong BuyMaintains$59.00-3.36%2021-01-22
David Long
Raymond James
BuyMaintains$65.00+6.47%2021-04-07
Michael Rose
Raymond James
BuyUpgrades$45.00-26.29%2020-06-17
Betsy Graseck
Morgan Stanley
HoldMaintains$68.00+11.38%2021-03-24
Anonymous
Morgan Stanley
HoldMaintains$64.00+4.83%2021-01-22

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Forecast return on equity

Is TFC forecast to generate an efficient return?
Company
10.86%
Industry
162.11%
Market
17,349.61%
TFC's Return on Equity is forecast to be low in 3 years (10.86%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is TFC forecast to generate an efficient return on assets?
Company
1.42%
Industry
12.32%
Market
6,239.8%
TFC is forecast to generate lower Return on Assets (1.42%) than the US Banks - Regional industry average (12.32%)
Forecast

TFC earnings per share forecast

What is TFC's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$4.59+36.57%
Avg 2 year Forecast
$4.76+41.61%
Avg 3 year Forecast
$5.47+62.8%
TFC's earnings are forecast to grow at a rate of 19.83% per year, which is not exceptional
Forecast

TFC revenue forecast

What is TFC's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$21.8B+3.5%
Avg 2 year Forecast
$21.8B+3.44%
Avg 3 year Forecast
$22.7B+7.64%
TFC's revenue is forecast to grow at a rate of 2.09% per year, which is not exceptional
Forecast

TFC earnings growth forecast

How is TFC forecast to perform vs Banks - Regional companies and vs the US market?
Company
19.83%
Industry
38.19%
Market
26.77%
TFC's earnings are forecast to grow slower (19.83% per year) than the US Banks - Regional industry average (38.19%)
Forecast
TFC's earnings are forecast to grow slower (19.83% per year) than the US market average (26.77%)
Forecast
TFC's earnings are forecast to grow faster (19.83% per year) than the risk-free savings rate (1.6%)
Forecast

TFC revenue growth forecast

How is TFC forecast to perform vs Banks - Regional companies and vs the US market?
Company
2.09%
Industry
11.07%
Market
15.81%
TFC's revenues are forecast to grow slower (2.09% per year) than the US Banks - Regional industry average (11.07%)
Forecast
TFC's revenues are forecast to grow slower (2.09% per year) than the US market average (15.81%)
Forecast

Truist Financial Corp Stock Forecast FAQ

Is Truist Financial Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: TFC) stock is to Buy TFC stock.

Out of 5 analysts, 1 (20%) are recommending TFC as a Strong Buy, 2 (40%) are recommending TFC as a Buy, 2 (40%) are recommending TFC as a Hold, 0 (0%) are recommending TFC as a Sell, and 0 (0%) are recommending TFC as a Strong Sell.

What is TFC's earnings growth forecast for 2021-2023?

(NYSE: TFC) Truist Financial Corp's forecast annual earnings growth rate of 19.83% is not forecast to beat the US Banks - Regional industry's average forecast earnings growth rate of 38.19%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 26.77%.

Truist Financial Corp's earnings in 2021 is $4,532,000,000.On average, 9 Wall Street analysts forecast TFC's earnings for 2021 to be $6,182,159,247, with the lowest TFC earnings forecast at $5,254,074,193, and the highest TFC earnings forecast at $6,735,992,555. On average, 11 Wall Street analysts forecast TFC's earnings for 2022 to be $6,410,239,955, with the lowest TFC earnings forecast at $5,927,673,448, and the highest TFC earnings forecast at $7,072,792,183.

In 2023, TFC is forecast to generate $7,369,175,855 in earnings, with the lowest earnings forecast at $7,369,175,855 and the highest earnings forecast at $7,369,175,855.

What is TFC's revenue growth forecast for 2021-2023?

(NYSE: TFC) Truist Financial Corp's forecast annual revenue growth rate of 2.09% is not forecast to beat the US Banks - Regional industry's average forecast revenue growth rate of 11.07%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 15.81%.

Truist Financial Corp's revenue in 2021 is $21,086,000,000.On average, 6 Wall Street analysts forecast TFC's revenue for 2021 to be $29,402,180,440,647, with the lowest TFC revenue forecast at $29,134,514,998,886, and the highest TFC revenue forecast at $29,682,824,792,863. On average, 6 Wall Street analysts forecast TFC's revenue for 2022 to be $29,385,326,987,274, with the lowest TFC revenue forecast at $28,768,077,003,894, and the highest TFC revenue forecast at $29,910,272,317,475.

In 2023, TFC is forecast to generate $30,578,132,507,318 in revenue, with the lowest revenue forecast at $30,578,132,507,318 and the highest revenue forecast at $30,578,132,507,318.

What is TFC's forecast return on assets (ROA) for 2021-2023?

(NYSE: TFC) forecast ROA is 1.42%, which is lower than the forecast US Banks - Regional industry average of 12.32%.

What is TFC's Price Target?

According to 5 Wall Street analysts that have issued a 1 year TFC price target, the average TFC price target is $60.20, with the highest TFC stock price forecast at $68.00 and the lowest TFC stock price forecast at $45.00.

On average, Wall Street analysts predict that Truist Financial Corp's share price could stay at $60.20 by Apr 7, 2022. The average Truist Financial Corp stock price prediction forecasts a potential downside of N/A from the current TFC share price of $61.05.

What is TFC's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: TFC) Truist Financial Corp's current Earnings Per Share (EPS) is $3.36. On average, analysts forecast that TFC's EPS will be $4.59 for 2021, with the lowest EPS forecast at $3.90, and the highest EPS forecast at $5.00. On average, analysts forecast that TFC's EPS will be $4.76 for 2022, with the lowest EPS forecast at $4.40, and the highest EPS forecast at $5.25. In 2023, TFC's EPS is forecast to hit $5.47 (min: $5.47, max: $5.47).

What is TFC's forecast return on equity (ROE) for 2021-2023?

(NYSE: TFC) forecast ROE is 10.86%, which is considered weak.
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