TFC Price Prediction Next Week
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:
- Truist Financial (TFC) received a high rating of 93% based on the Multi-Factor Investor model
- New options contracts became available with implied volatility at 27%
- The company recently raised price targets for other companies, showing active market participation
Price Projections for Next Week Based on technical analysis and news sentiment:
- Support level: $44.78 (based on recent put options activity)
- Resistance level: $46.49 (current trading level)
- Expected trading range: $44.50 - $47.25
Trading Recommendation Target Price: $47.00 by end of next week Recommendation: BUY Rationale:
- Strong quantitative metrics with 93% rating
- Options market showing bullish sentiment with 57% probability of upside
- Technical indicators suggesting oversold conditions with potential for reversal
- Positive analyst sentiment and institutional activity
Entry points:
- Initial entry at current market price
- Additional positions if price dips to $44.80 support level Stop loss: $44.00
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.
TFC Similar Chart Price Prediction
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
Down: -9.25%Similarity: 91.81%
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
David George
Baird
Hold → Buy
2025-03-05
Price Target
$48 → $52
Upside
+20.62%
Baird analyst David George upgraded Truist Financial to Outperform from Neutral with a price target of $52, up from $48. Yesterday's selloff provides the opportunity to add some bank names, particularly in the super regional group, the analyst tells investors in a research note. The firm believes the recent weakness in the bank group has improved the aggregate risk/reward of the group, driving its upgrade of Truist. The bank's shares have limited downside at "just" 1.45-times tangible book value and a 4.5% dividend yield, with "healthy" capital levels and rate positioning, contends Baird.
Betsy Graseck
Morgan Stanley
Hold
2025-01-21
Price Target
$55 → $56
Upside
+16.93%
Terry McEvoy
Stephens & Co.
Buy
2025-01-21
Price Target
$54 → $57
Upside
+19.02%
