Principal Financial Group (PFG) Stock Forecast & Price Target

$77.75

+0.57 (+0.74%)

(As of 08/21/2024 ET)

Principal Financial Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Principal Financial Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 10 have given a hold rating, and 1 has given a strong buy rating for PFG.

Consensus Price Target

$85.58
10.08% Upside

High Forecast	$99.00
Average Forecast	$85.58
Low Forecast	$70.00

According to the 12 analysts' twelve-month price targets for Principal Financial Group, the average price target is $85.58. The highest price target for PFG is $99.00, while the lowest price target for PFG is $70.00. The average price target represents a forecasted upside of 10.08% from the current price of $77.75.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Reduce	Reduce
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$85.58	$85.42	$80.30	$76.46
Forecasted Upside	10.08% Upside	5.97% Upside	4.83% Upside	-4.37% Downside

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PFG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PFG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Principal Financial Group Stock vs. The Competition

Type	Principal Financial Group	Finance Companies	S&P 500
Consensus Rating Score	2.08	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	10.08% Upside	38.54% Upside	8.74% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $83.00	+6.29%
7/30/2024	Keefe, Bruyette & Woods 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$88.00 ➝ $86.00	+5.61%
7/29/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$83.00 ➝ $87.00	+7.01%
7/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$87.00 ➝ $85.00	+4.53%
7/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$68.00 ➝ $70.00	-18.01%
7/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$73.00 ➝ $76.00	-13.37%
Get the Latest News and Ratings for PFG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Principal Financial Group and its competitors with MarketBeat's FREE daily newsletter.
7/11/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$87.00 ➝ $94.00	+13.08%
7/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Burdis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Strong-Buy	$99.00	+26.18%
7/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$88.00 ➝ $96.00	+23.06%
4/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$84.00 ➝ $86.00	+7.06%
4/5/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $90.00	+6.38%
10/10/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$76.00 ➝ $75.00	+7.54%
6/9/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
1/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$61.00 ➝ $71.00	-18.85%
12/8/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$86.00	-4.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:09 AM ET.

PFG Forecast - Frequently Asked Questions

What is Principal Financial Group's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Principal Financial Group is $85.58, with a high forecast of $99.00 and a low forecast of $70.00.
Should I buy or sell Principal Financial Group stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There is currently 1 sell rating, 10 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFG, but not buy additional shares or sell existing shares.
Does Principal Financial Group's stock price have much upside?: According to analysts, Principal Financial Group's stock has a predicted upside of 5.93% based on their 12-month stock forecasts.
Has Principal Financial Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, Principal Financial Group's stock had 2 upgrades by analysts.
What analysts cover Principal Financial Group?: Principal Financial Group has been rated by research analysts at Bank of America, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Raymond James, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Principal Financial Group more than its competitors?: Analysts like Principal Financial Group less than other "finance" companies. The consensus rating score for Principal Financial Group is 2.08 while the average consensus rating score for "finance" companies is 2.46. Learn more on how PFG compares to other companies.