Truist Financial (NYSE:TFC) Price Target Raised to $56.00

Posted by Brenda Bartman on Jul 20th, 2026

Truist Financial (NYSE:TFC – Get Free Report) had its target price upped by investment analysts at Robert W. Baird from $55.00 to $56.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Robert W. Baird’s target price suggests a potential upside of 6.66% from the stock’s previous close.

Several other brokerages have also recently commented on TFC. Weiss Ratings raised shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. UBS Group lowered Truist Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $58.00 to $55.00 in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price target on Truist Financial from $57.00 to $51.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Evercore reiterated an “outperform” rating and issued a $57.00 price objective on shares of Truist Financial in a research note on Monday, July 6th. Finally, Bank of America restated a “neutral” rating and set a $56.00 target price (up from $54.00) on shares of Truist Financial in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Truist Financial presently has a consensus rating of “Hold” and a consensus target price of $54.61.

View Our Latest Stock Report on TFC

Truist Financial Stock Performance

Shares of Truist Financial stock opened at $52.50 on Monday. The business has a 50-day moving average of $49.40 and a 200 day moving average of $49.50. Truist Financial has a 12 month low of $40.78 and a 12 month high of $56.19. The stock has a market capitalization of $65.41 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.92 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.86 and a quick ratio of 0.86.

Truist Financial (NYSE:TFC – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Truist Financial will post 4.51 earnings per share for the current year.

Institutional Trading of Truist Financial

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in Truist Financial by 148.5% during the fourth quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock worth $1,023,000 after purchasing an additional 14,093 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Truist Financial by 39.5% in the 1st quarter. Woodline Partners LP now owns 111,177 shares of the insurance provider’s stock valued at $4,575,000 after buying an additional 31,454 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Truist Financial in the 2nd quarter valued at $575,000. AXA S.A. grew its position in shares of Truist Financial by 23.1% in the 2nd quarter. AXA S.A. now owns 26,192 shares of the insurance provider’s stock valued at $1,126,000 after buying an additional 4,921 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in shares of Truist Financial by 20.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,783 shares of the insurance provider’s stock valued at $292,000 after buying an additional 1,134 shares during the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

Truist Financial Company Profile

(Get Free Report)

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.