DA Davidson Rates U.S. Bancorp (USB) Buy, $73 Price Target

DA Davidson has reiterated its Buy rating on U.S. Bancorp (NYSE: USB) with a price target of $73 on October 16, 2026. This target remains unchanged from their prior recommendation. The stock is currently trading at $58.59, which is about 19.7% below the target price set by the firm.

Other Institutional Activity in U.S. Bancorp

Several other institutional investors have also been active with U.S. Bancorp recently. Blackrock Inc. reduced its holdings by 1,232,348 shares, bringing its total to 127,137,222 shares worth approximately $7.47 billion. Vanguard Capital Management LLC added 413,644 shares, ending with 101,302,511 shares valued at about $5.95 billion. State Street Corporation increased its position by 3,727,317 shares, totaling 73,137,322 shares worth around $4.30 billion. JPMorgan Chase & Co. trimmed its stake by 1,998,581 shares for a total of 59,686,029 shares valued at about $3.51 billion. FMR, LLC decreased its holdings by 5,888,874 shares, concluding with 51,284,661 shares worth approximately $3.01 billion.

U.S. Bancorp Stock Up 2.3%

U.S. Bancorp's stock is trading below its analyst price target, suggesting potential upside. The stock's performance is being closely watched as it remains below the target prices set by several analysts.

Recent Earnings

U.S. Bancorp reported trailing twelve-month revenue of about $27.32 billion, reflecting a year-over-year revenue growth of 10.4%. The company has an EPS of $5.01 and a net margin of 29.9%. The next earnings report is expected to provide further insights into its financial performance.

Insider Buying and Selling at U.S. Bancorp

Insider transactions at U.S. Bancorp show several sales. Chief Technology Officer Venkatachari Dilip sold 34,522 shares at $55.52 on May 5, 2026, totaling about $1.92 million. Officer Stephen L. Philipson sold 36,906 shares at $63.08 on July 20, 2026, worth approximately $2.33 million. General Counsel James L. Chosy sold 22,968 shares at $63.28 on July 23, 2026, totaling around $1.45 million. CEO Gunjan Kedia sold 27,267 shares at $62.37 on August 28, 2026, valued at about $1.70 million.

Analysts Set New Price Targets

On October 16, 2026, Citigroup maintained its Buy rating with a price target of $70, up from $72. Oppenheimer also maintained its Outperform rating, raising its target to $73 from $72. RBC Capital kept its Outperform rating with a target of $65, down from $68, while Evercore ISI Group maintained its Outperform rating with a target of $67, up from $65. The consensus among analysts suggests a positive outlook for U.S. Bancorp, with a mean price target still above the current trading price.

About U.S. Bancorp

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, MN. It offers a wide range of financial services to individuals, businesses, and governmental entities. The company operates in various segments, including Wealth Management, Corporate and Commercial Banking, and Payment Services. This diverse service offering is crucial for its growth and stability in the financial sector.

Bottom Line

Investors should keep an eye on U.S. Bancorp's upcoming earnings report as it may provide further insights into the company's performance. With analysts maintaining positive ratings and price targets, the stock's current position suggests potential for growth. The next earnings date will be key for gauging the company's financial health.