Oppenheimer Raises PNC Price Target to $269

Oppenheimer has reaffirmed its Outperform rating on PNC Financial, raising its price target to $269, a 22.84% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:02 PM EDT · Updated Oct 16, 2026, 11:15 PM EDT

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Oppenheimer raised its price target on The PNC Financial Services Group, Inc. ($PNC) to $269 from $263 on October 16, 2026, and rates the stock "Outperform".

PNC The PNC Financial Services Group, Inc.

$217.39 +6.19% year to date

Daily close · Oct 16, 2026

Key Points

On October 16, 2026, Oppenheimer reiterated its Outperform rating on The PNC Financial Services Group, Inc. with a new price target of $269.
Oppenheimer's $269 price target implies 22.84% upside from The PNC Financial Services Group, Inc.'s ($PNC) current $218.98 share price.
PNC recently traded around $218.98, which is about 18.6% below Oppenheimer's updated target.
The company reported a revenue of $24.3 billion over the last twelve months, with a net margin of 31.4%.

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Oppenheimer has reaffirmed its Outperform rating on The PNC Financial Services Group, Inc. (NYSE: PNC) on October 16, 2026, and raised its price target from $263 to $269. This new target suggests that the stock, which recently traded around $218.98, is currently about 18.6% below the target price.

Analyst rating track record

Oppenheimer vs. the S&P 500

YTD return -8.16% hypothetical

All-time return -8.16% S&P 500 +1.20%

vs. S&P 500 -9.36% behind the index

Hypothetical returns from Oppenheimer's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in PNC

Several other funds hold significant shares in PNC. Blackrock Inc. holds 32,172,263 shares valued at approximately $6.99 billion, having increased its position by 195,061 shares. Vanguard Capital Management LLC has 26,208,803 shares worth about $5.70 billion, with a slight increase of 2,621 shares. State Street Corporation also holds 18,434,446 shares valued at $4.01 billion, having grown its stake by 765,083 shares. Meanwhile, FMR, LLC reduced its holdings by 1,433,943 shares, bringing its total to 14,254,710 shares worth about $3.10 billion. Vanguard Portfolio Management LLC increased its position by 842,839 shares, totaling 10,597,926 shares valued at approximately $2.30 billion.

The PNC Financial Services Group, Inc. Stock Up 1.9%

Currently, PNC shares are trading around $218.98, significantly below the new target price of $269 set by Oppenheimer. This positions the stock for potential growth, depending on market conditions and company performance.

12-month forecast

$PNC price target

The PNC Financial Services Group, Inc. daily closes and this analyst's $269 target. Not advice.

Recent Earnings

For the trailing twelve months, PNC reported revenue of approximately $24.3 billion and an EPS of $18.16. The company has a return on equity of 12.6% and a net margin of 31.4%. The next earnings report is anticipated soon, which could provide further insights into its financial health.

Insider Buying and Selling at The PNC Financial Services Group, Inc.

Recent insider transactions include several officers selling shares. Alexander E. C. Overstrom sold 1,500 shares at an average price of $227.97 on June 8, 2026, totaling about $341,956. Michael Duane Thomas sold 1,500 shares at $238.14 on June 12, valued at $357,205. Guild Deborah sold 1,200 shares at $252.20 on July 22, amounting to $302,634, while Stacy M. Juchno sold 3,354 shares at $255.84 on August 13, worth $858,076.

Analysts Set New Price Targets

On the same day, several firms maintained their ratings on PNC. Keefe, Bruyette & Woods maintained a Market Perform rating with a target of $250, while Raymond James kept its Outperform rating with a target of $255. RBC Capital also maintained an Outperform rating with a target of $250. The consensus among analysts suggests cautious optimism about the stock's future performance.

About PNC

The PNC Financial Services Group, Inc. is a diversified financial services company operating in the U.S. It provides a range of financial products through its segments: Retail Banking, Corporate & Institutional Banking, and Asset Management. This diverse offering supports its strong revenue growth and profitability metrics, making it a key player in the financial services sector.

Bottom Line

Investors should monitor PNC's upcoming earnings report for insights into its performance. With Oppenheimer's new price target indicating a gap from current trading levels, market reactions could shift as new data becomes available.