Raymond James Cuts PNC Price Target to $255

Raymond James has reiterated its Outperform rating on PNC Financial Services with a new price target of $255, a 16.45% upside from the current price.

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

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Raymond James cut its price target on The PNC Financial Services Group, Inc. ($PNC) to $255 from $275 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, Raymond James reiterated its Outperform rating for PNC Financial Services with a new price target of $255, down from $275.
Raymond James's $255 price target implies 16.45% upside from The PNC Financial Services Group, Inc.'s ($PNC) current $218.98 share price.
Currently, PNC shares are trading around $218.98, which is 14.1% below the new target price.
The company's recent earnings report showed a revenue growth of 23.6% year-over-year, indicating strong performance in the financial services sector.

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Raymond James has reiterated its Outperform rating on The PNC Financial Services Group, Inc. (NYSE: PNC) on October 16, 2026. The firm set a new price target of $255, down from the previous target of $275. This adjustment comes as PNC shares are currently trading at about $218.98, which is 14.1% below the new target price.

Analyst rating track record

Raymond James vs. the S&P 500

YTD return -2.84% hypothetical

All-time return -2.84% S&P 500 +1.68%

vs. S&P 500 -4.52% behind the index

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

Other Institutional Activity in PNC

Several other institutional investors have adjusted their positions in PNC. Blackrock Inc. holds 32,172,263 shares worth about $6.99 billion after increasing its stake by 195,061 shares. Vanguard Capital Management LLC has 26,208,803 shares valued at approximately $5.70 billion, with a slight increase of 2,621 shares. State Street Corporation also increased its holdings by 765,083 shares, bringing its total to 18,434,446 shares worth about $4.01 billion. Meanwhile, FMR, LLC decreased its position, selling 1,433,943 shares, which left it with 14,254,710 shares valued at around $3.10 billion. Vanguard Portfolio Management LLC grew its stake by 842,839 shares, totaling 10,597,926 shares worth about $2.30 billion.

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

The stock is currently trading near $218.98, significantly below the new price target of $255 set by Raymond James. This gap suggests that the market might not fully reflect PNC's potential, especially considering its strong revenue growth of 23.6% year-over-year. The shares have been active recently, and investors will be watching how they respond to this analyst call.

12-month forecast

$PNC price target

The PNC Financial Services Group, Inc. daily closes and this analyst's $255 target. Not advice.

Recent Earnings

In its latest earnings report, PNC reported a trailing twelve-month revenue of approximately $24.32 billion and an EPS of $18.16. The company also has a net margin of 31.4% and a return on equity (ROE) of 12.6%. The next earnings report is expected on October 20, 2026.

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

Several insiders have sold shares recently. Officer Alexander E. C. Overstrom sold 1,500 shares at an average price of $227.97 on June 8, 2026, totaling about $341,956. Another officer, Michael Duane Thomas, sold 1,500 shares at $238.14 on June 12, 2026, worth about $357,205. Additionally, Officer Guild Deborah sold 1,200 shares at $252.20 on July 22, 2026, for a total of approximately $302,634. Officer Stacy M. Juchno sold 3,354 shares at an average of $255.84 on August 13, 2026, totaling about $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, down from $260. Oppenheimer kept its Outperform rating with a price target of $269, raised from $263. RBC Capital also maintained an Outperform rating, setting its target at $250, down from $273. TD Cowen held a Hold rating with a target of $240, reduced from $245. The consensus target among analysts is around $250.00.

About PNC Financial Services

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the U.S. It provides a range of services through its Retail Banking, Corporate & Institutional Banking, and Asset Management segments. The company is headquartered in Pittsburgh, PA, and is led by CEO Mr. William S. Demchak.

Bottom Line

Investors should keep an eye on PNC’s upcoming earnings report on October 20, 2026, as well as any further analyst updates that could impact the stock. With the shares trading below the new price target set by Raymond James, there may be opportunities for movement in the stock.