Baird upgraded Truist Financial (NYSE:TFC) from Neutral to Outperform on March 5, 2025, following a price forecast suggesting a 21.83% upside. The average one-year price target for Truist is $53.31 per share, indicating potential growth from the last closing price of $43.76 per share.
Truist’s projected annual revenue is $26.24 billion, a significant increase of 129.99%, with a projected non-GAAP EPS of 5.71. Institutional ownership rose to 1,210,506K shares, marking a 3.17% increase over the last three months. The put/call ratio stands at 0.65, reflecting a bullish outlook.
Among key shareholders, Capital International Investors raised its stake by 20.65% to 90,618K shares, while J.P. Morgan decreased its position by 6.79% to 48,327K shares. Truist Financial, headquartered in Charlotte, North Carolina, is the sixth-largest commercial bank in the U.S., with total assets of $509 billion as of December 31, 2020.
