Stephens Rates Truist Financial (TFC) buy, $59 Price Target

Stephens boosts Truist Financial's rating, setting a $59 price target, a 22.08% upside from the current price.

By TradeTexts Research Desk · Published Jun 15, 2026, 2:01 PM EDT · Updated Jun 22, 2026, 9:01 AM EDT

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Stephens rated Truist Financial Corporation ($TFC) "buy" with a $59 price target on June 15, 2026.

Since the rating, $TFC is up 0.6% after 1 week, up 8.9% after 1 month and down 1.9% to date (from the $48 close on Jun 15, 2026).

TFC Truist Financial Corporation

$47.07 -2.45% year to date

Daily close · Oct 16, 2026

Key Points

Stephens raised Truist Financial's rating to 'buy' with a $59 price target on June 15, 2026.
Stephens's $59 price target implies 22.08% upside from Truist Financial Corporation's ($TFC) current $48.33 share price.
Truist Financial trades at $51.66, with a market cap of $64.36 billion and a forward P/E of 10.09.
BlackRock increased its holdings in Truist Financial by 315,082 shares, totaling 98.33 million shares worth about $4.52 billion.

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Stephens has raised its rating on Truist Financial Corporation (NYSE:TFC) to 'buy' and set a price target of $59. This change, made on June 15, 2026, reflects a positive outlook from analyst Matt Olney.

Truist Financial Corporation Stock Up 6.1%

Shares of NYSE:TFC recently traded around $51.66. Truist Financial has a market cap of approximately $64.36 billion and a P/E ratio of 12.79. The forward P/E is 10.09, indicating expectations of earnings growth. The stock's beta is 0.884, suggesting it is less volatile than the market. Over the past year, the stock has ranged from a low of $38.88 to a high of $56.20, with a 50-day moving average of $49.19 and a 200-day moving average of $47.84.

12-month forecast

$TFC price target

Truist Financial Corporation daily closes and this analyst's $59 target. Not advice.

Recent Earnings

For its most recent period, Truist Financial reported revenue of about $18.66 billion, showing a growth of 5.2%. The company's earnings per share (EPS) stood at $4.04, with a net margin of 29.62% and a return on equity (ROE) of 8.58%. The next earnings release is expected on July 17, 2026.

Dividend

Truist Financial pays an annual dividend of $2.08, which yields 4.03% at current prices. The payout ratio is 51.49%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.

Insider Buying and Selling at Truist Financial Corporation

On June 1, 2026, Bradley Bender, Chief Risk Officer, bought 16,149 shares and sold 9,115 shares. Cynthia Powell, Corporate Controller & CAO, sold 2,476 shares on March 13, 2026, while Chief Legal Officer Scott Stengel and Chief Wholesale Banking Officer Kristin Lesher sold 3,001 and 7,433 shares, respectively, on the same date.

Analysts Set New Price Targets

On June 15, 2026, Stephens & Co. reinstated its 'buy' rating for Truist Financial with a target price of $59. This follows previous actions by other firms, such as Baird downgrading to 'hold' with a $55 target on May 1, 2026, and Morgan Stanley maintaining a 'buy' rating with a $62 target on April 20, 2026. The analyst consensus rates the stock as a 'buy', with an average target price of $55.67 based on 18 opinions.

About Truist Financial Corporation

Truist Financial Corporation is a large financial services company based in Charlotte, North Carolina. It operates primarily in the Southeastern and Mid-Atlantic United States, offering a wide range of banking and trust services. The company was formed from the merger of BB&T and SunTrust Banks in 2019 and is led by CEO William Henry Rogers Jr. Truist provides various deposit and loan products, asset management, and investment services, employing nearly 38,877 people.

Bottom Line

Stephens' upgrade of Truist Financial to 'buy' with a $59 target highlights renewed confidence in the company's prospects. Investors closely watch such analyst ratings as they can influence stock performance. However, it's important to remember that these ratings are based on past data and expectations and may not fully reflect current conditions.