Oppenheimer Raises U.S. Bancorp (USB) Price Target to $73

Oppenheimer has reiterated its Outperform rating on U.S. Bancorp, setting a price target of $73, a 24.61% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:02 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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Oppenheimer raised its price target on U.S. Bancorp ($USB) to $73 from $72 on October 16, 2026, and rates the stock "Outperform".

USB U.S. Bancorp

$58.73 +12.02% year to date

Daily close · Oct 16, 2026

Key Points

Oppenheimer reiterated its Outperform rating on U.S. Bancorp with a price target of $73, up from $72.
Oppenheimer's $73 price target implies 24.61% upside from U.S. Bancorp's ($USB) current $58.59 share price.
The stock recently traded around $58.59, which is about 19.7% below the new target price.
U.S. Bancorp reported a revenue of about $27.3 billion and a net margin of 29.9%.

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Oppenheimer has reiterated its Outperform rating on U.S. Bancorp (NYSE: USB) on October 16, 2026. The firm raised its price target to $73 from a previous target of $72. This target is about 19.7% higher than the stock's recent price of $58.59.

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 U.S. Bancorp

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

U.S. Bancorp Stock Up 2.1%

U.S. Bancorp's stock recently traded at $58.59, which is below Oppenheimer's new price target of $73. The stock has room to grow, as it is currently about 19.7% lower than the target set by Oppenheimer.

12-month forecast

$USB price target

U.S. Bancorp daily closes and this analyst's $73 target. Not advice.

Recent Earnings

For the trailing twelve months, U.S. Bancorp reported a revenue of approximately $27.32 billion and an EPS of $5.01. The company's return on equity stands at 12.6%, and it has a net margin of 29.9%. The next earnings report is expected to provide further insights into its performance.

Insider Buying and Selling at U.S. Bancorp

In recent insider transactions, Chief Technology Officer Venkatachari Dilip sold 34,522 shares at an average price of $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, for about $1.45 million. CEO Gunjan Kedia sold 27,267 shares at $62.37 on August 28, 2026, valued at around $1.70 million.

Analysts Set New Price Targets

On the same day, Citigroup maintained its Buy rating with a target of $70, down from $72. DA Davidson also maintained its Buy rating with a target of $73. RBC Capital kept its Outperform rating but lowered its target from $68 to $65. Evercore ISI Group maintained its Outperform rating and raised its target from $65 to $67. The current consensus among analysts suggests a strong outlook for U.S. Bancorp.

About U.S. Bancorp

U.S. Bancorp, headquartered in Minneapolis, MN, is a financial services holding company. It offers a range of financial services to individuals and businesses, including banking, wealth management, and payment services. The company operates through several segments, including Consumer and Business Banking and Corporate and Institutional Banking, making it a key player in the regional banking sector.

Bottom Line

Investors should keep an eye on U.S. Bancorp's upcoming earnings report for more insights into its financial health. The stock's current price presents a potential opportunity, as analysts have set targets above its recent trading level. Oppenheimer's reiteration of the Outperform rating signals confidence in the company's performance going forward.