MTB Price Prediction Next Week
Technical Analysis
MTB has shown a bearish trend over the past week, with the stock closing at $193.53 on Friday, February 21, 2025, down 1.99% in regular trading hours. The stock is currently trading below both its 5-day and 20-day moving averages, indicating short-term weakness.
Price Levels
- Resistance: $198.39 (Recent high)
- Support: $192.38 (Recent low)
- Current price: $194.00 (After-hours)
News Impact The recent announcement of a $4.0 billion share repurchase program replacing the previous $3.0 billion program has not provided significant upward momentum to the stock price. This indicates market participants may be focusing on other factors affecting regional banks.
Price Prediction for Next Week (Feb 24-28, 2025) Based on technical indicators and recent price action:
- Target Price Range: $191-196
- Most Likely Scenario: Continued consolidation with downward bias
- Key Support Level: $192
- Stop Loss Level: $190
Trading Recommendation: SELL
- Entry Point: Current market price ($194)
- Target: $191
- Stop Loss: $196
- Risk/Reward Ratio: 1:1
The bearish recommendation is based on:
- Declining price momentum
- Trading below key moving averages
- Failure to hold gains after share buyback announcement
- Weakening technical indicators
The stock is likely to test lower support levels in the coming week unless there is significant positive news catalyst.
MTB Similar Chart Price Prediction
The price of MTB is predicted to go up -2.08%, based on the high correlation periods with BKU. The similarity of these two price pattern on the periods is 92.21%.
MTB
BKU
Down: -2.08%Similarity: 92.21%
MTB Revenue Forecast
MTB EPS Forecast
MTB FAQs
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MTB VS S&P500
The acquisition of People's United was done at a good price and should drive additional future growth, providing the bank a unique growth driver that many peers will not have.
Current valuations are less demanding for the banking sector, including M&T. There is potential future upside for the banks that can successfully navigate the current turmoil.
MTB has loyal customers and good management; investors shouldn't have to worry much about being burned by bad underwriting.
MTB Analyst's Forecast
Brian Foran
Truist Securities
Strong Buy
2025-01-07
Price Target
$233
Upside
+21.33%
Truist analyst Brian Foran initiated coverage of M&T Bank with a Buy rating and $233 price target. M&T's balance sheet is "well-hedged against rate scenarios of various directions and paces," while commercial real estate and commercial and industrial loan stresses are "abating," the analyst tells investors.
Jason Goldberg
Barclays
Hold
2025-01-06
Price Target
$228 → $235
Upside
+21.6%
David Rochester
Compass Point
Hold
2024-12-10
Price Target
$220 → $250
Upside
+20.78%
