TFC Price Prediction Next Week
Analysis and Insights
To predict the stock price of Truist Financial Corporation (TFC) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The stock closed at $41.42 on March 21, 2025, with a one-year high of $49.06 and a low of $34.51. Key technical indicators include:
- RSI (14-period): 38.53, indicating the stock is in a bearish range.
- MACD: -1.33, with a bearish crossover, suggesting weakening momentum.
- Fibonacci Levels: Resistance at $41.43 and $41.96, with support at $39.70 and $39.17.
News Sentiment and Fundamental Analysis:
Recent news highlights:
- Analyst Ratings: RBC Capital and Bank of America maintain a Buy rating with a $50 price target, while Barclays has a Hold rating.
- Earnings: Strong Q4 2024 earnings with a 12.3% year-over-year EPS growth and a $500 million share buyback plan.
- Sector Outlook: The banking sector is expected to remain stable, but challenges like slow economic growth and high consumer debt could impact performance.
Conclusion:
Based on the analysis, TFC is expected to rise to $42.20 next week, testing the upper Fibonacci resistance level. The buy recommendation is supported by potential technical breakout and positive news sentiment.
TFC Revenue Forecast
TFC EPS Forecast
TFC FAQs
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TFC VS S&P500
Valuations are not demanding for the banks in the current environment, and especially not for Truist. It shouldn't take much to unlock some upside.
Truist is set to have one of the better profitability profiles among peers, along with unique growth drivers, all of which should demand a premium valuation.
Truist's sale of its insurance business acclerated the repositioning of its balance sheet and capital accumulation.
TFC Analyst's Forecast
Mike Mayo
Wells Fargo
Buy
2025-03-28
Price Target
$52 → $50
Upside
+23.58%
Wells Fargo analyst Mike Mayo lowered the firm's price target on Truist Financial to $50 from $52 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the large-cap banks. The firm is bullish on the sector on a one-year view citing the "biggest deregulation in three decades," but note that Q1 outlooks "may be tricky" given policy uncertainties. Wells reduced estimates by 4% for Q1 and 2% through 2027. The key reason is a "degree of paralysis" from policy uncertainty that makes Wells more conservative for investment banking, loans, fixed asset repricing, and reserves, the analyst tells investors in a research note. Citi (C) and JPMorgan (JPM) remain the firm's top picks.
Keith Horowitz
Citigroup
Hold
2025-03-24
Price Target
$51 → $44
Upside
+4.39%
David George
Baird
Hold → Buy
2025-03-05
Price Target
$48 → $52
Upside
+20.62%
