Truist Securities Cuts PNFP Price Target to $112

Truist Securities has reiterated its Buy rating on Pinnacle Financial with a revised price target of $112, a 17.41% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:26 PM EDT

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Truist Securities cut its price target on Pinnacle Financial Partners, Inc. ($PNFP) to $112 from $118 on October 9, 2026, and rates the stock "Buy".

Since the rating, $PNFP is up 0.8% after 1 week and up 0.8% to date (from the $93.99 close on Oct 9, 2026).

PNFP Pinnacle Financial Partners, Inc.

$94.72 +1.08% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Truist Securities maintained a Buy rating on Pinnacle Financial Partners, Inc. with a price target of $112, down from $118.
Truist Securities's $112 price target implies 17.41% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $95.39 share price.
Pinnacle Financial shares recently traded around $95.39, which is about 14.8% below the new target.
The company reported a revenue growth of 137.0% year-over-year and has a dividend rate of $2.00 per share.

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Truist Securities has reiterated its Buy rating on Pinnacle Financial Partners, Inc. (NYSE: PNFP) with a new price target of $112, down from $118. This update came on October 9, 2026, as part of their ongoing analysis of the company's performance.

Other Institutional Activity in Pinnacle Financial Partners

Several other funds have also been active with Pinnacle Financial. Blackrock Inc. increased its holdings by 455,469 shares, bringing its total to 16,898,375 shares worth about $1.6 billion. Wellington Management Group, LLP added 2,016,584 shares, totaling 11,141,397 shares valued at approximately $1.1 billion. Meanwhile, FMR, LLC grew its stake by 3,289,939 shares, ending with 10,488,929 shares valued at about $994.2 million. In contrast, Vanguard Portfolio Management LLC trimmed its position by 88,860 shares, now holding 6,907,959 shares worth around $654.8 million.

Pinnacle Financial Partners, Inc. Stock Down 1.4%

Pinnacle Financial shares recently traded at $95.39. This price is about 14.8% below the new target set by Truist. The stock's performance is significant as it reflects investor sentiment and market conditions.

12-month forecast

$PNFP price target

Pinnacle Financial Partners, Inc. daily closes and this analyst's $112 target. Not advice.

Recent Earnings

In its latest financial report, Pinnacle Financial recorded a trailing twelve-month revenue of approximately $3.3 billion, with an impressive revenue growth of 137.0% year-over-year. The company reported an EPS of $7.26 and a net margin of 24.9%.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Insider activity shows some recent trades at Pinnacle Financial. Kevin S. Blair, the CEO, bought 2,565 shares at an average price of $97.48 on September 1, 2026, totaling about $250,036. Gregory G. Montana, a Director, purchased 500 shares at $98.61 on September 10, 2026, for around $49,305. Conversely, Michael Terry Turner, the Chairman of the Board, sold 2,737 shares at an average price of $108.01 on August 6, 2026, valued at about $295,623.

Analysts Set New Price Targets

On October 9, 2026, Truist Securities reiterated its Buy rating on Pinnacle Financial with a price target of $112, down from $118. Prior to this, several firms maintained their ratings, including JP Morgan, which kept its Overweight rating with a target of $115, and Evercore ISI Group, which maintained an Outperform rating with a target of $108.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle Bank, providing a variety of banking products and services to individuals and businesses across the United States. This reiteration of the Buy rating comes as the company continues to show strong revenue growth and solid performance metrics.

Bottom Line

Investors should keep an eye on Pinnacle Financial's upcoming earnings report and any further analyst updates. The stock's recent trading position below the target suggests potential volatility ahead.