Technical Analysis
Based on recent price action and technical indicators, TFC shows a mixed pattern. The stock has been trading with increased volatility following recent analyst coverage and market events.
News Impact Analysis Recent news indicates several significant developments:
Price Projections for Next Week Based on technical analysis and news sentiment:
Trading Recommendation Target Price: $47.00 by end of next week Recommendation: BUY Rationale:
Entry points:
The stock shows potential for a short-term upward movement based on technical indicators and positive institutional sentiment. The recent options activity and analyst coverage suggest growing market confidence in TFC's near-term performance.
The price of TFC is predicted to go up -9.25%, based on the high correlation periods with MGEE. The similarity of these two price pattern on the periods is 91.81%.
TFC
MGEE
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.
Baird
2025-03-05
Price Target
$48 → $52
Upside
+20.62%
Morgan Stanley
2025-01-21
Price Target
$55 → $56
Upside
+16.93%
Stephens & Co.
2025-01-21
Price Target
$54 → $57
Upside
+19.02%