Truist Financial Corporation, a U.S. bank-holding company, offers a wide range of financial services with a market capitalization of $56.6 billion. While its stock underperformed the S&P 500, it outpaced the SPDR S&P Regional Banking ETF. Truist Financial’s shares rose 3.3% after reporting strong third-quarter results, beating revenue and earnings estimates by 36%.

Analysts expect Truist Financial’s EPS to grow 6.2% to $3.92 for the current fiscal year. The consensus among 23 analysts covering TFC stock is a “Moderate Buy,” with a mean price target of $50.55, representing a 10.4% premium to current levels. One month ago, eight analysts suggested a “Strong Buy” rating.

Wells Fargo analyst Mike Mayo reaffirmed a “Hold” rating on Truist Financial with a $47 price target. The mean price target of $50.55 implies a 10.4% premium, while the high target of $60 suggests a 24.2% upside potential.

Read more at Yahoo Finance: What Are Wall Street Analysts’ Target Price for Truist Financial Stock?