PNC Price Prediction Next Week
Technical Analysis: PNC's stock has shown mixed performance recently, with the price consolidating around $188 level. The stock formed a bearish pattern last week, closing at $188.05 on February 21st .
News Sentiment and Fundamental Drivers:
- Recent board appointment of Douglas Dachille strengthens risk management capabilities
- Morgan Stanley raised price target to $208 from $199
- Goldman Sachs maintains Neutral rating with $203 price target, expecting potential upside in net interest income
- Company plans significant branch expansion with $500 million additional investment
Price Forecast for Next Week: Based on technical indicators and recent news sentiment:
Target Levels:
- Resistance: $192.53 (Last week's high)
- Support: $187.48 (Last week's low)
Price Projection:
- Expected trading range: $186-194
- Most likely target: $191
Trading Recommendation: BUY
- Entry point: Current level ($188.08)
- Stop loss: $186.50
- Take profit: $191.00
Rationale:
- Strong fundamental outlook with expected NII growth through 2026
- Technical support at $187.50 level
- Positive analyst sentiment with multiple price target upgrades
- Branch expansion plans indicate growth confidence
- Regional banks may benefit from potential short-term tariffs impact
The stock shows potential for upward movement next week based on technical setup and positive fundamental drivers. Current price offers favorable risk-reward ratio for a long position.
PNC Similar Chart Price Prediction
The price of PNC is predicted to go up 0.37%, based on the high correlation periods with HBAN. The similarity of these two price pattern on the periods is 92.6%.
PNC
HBAN
Up: 0.37%Similarity: 92.6%
PNC Revenue Forecast
PNC EPS Forecast
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PNC VS S&P500
PNC's acquisition of BBVA seems likely to add value to the franchise and for shareholders. It will make PNC one of the regional banks with the most scale and could drive above-market fee growth for several years.
Valuations are not demanding for the banking sector overall, or for PNC specifically, leaving room for future outperformance.
In addition to acquisitions, PNC has organic expansion opportunities it is taking advantage of, which could lead to higher organic growth than peers over time.
PNC Analyst's Forecast
Betsy Graseck
Morgan Stanley
Sell
2025-01-17
Price Target
$199 → $208
Upside
+4.76%
Notable companies reporting before tomorrow's open, with earnings consensus, include UnitedHealth (UNH), consensus $6.74... Bank of America (BAC), consensus 77c... Morgan Stanley (MS), consensus $1.69... U.S. Bancorp (USB), consensus $1.05... PNC Financial (PNC), consensus $3.31... M&T Bank (MTB), consensus $3.74.
John McDonald
Truist Securities
Hold
2025-01-17
Price Target
$215 → $216
Upside
+8.79%
John McDonald
Truist Securities
Hold
2025-01-07
Price Target
$215
Upside
+10.39%
