Piper Sandler Adjusts Price Target on Prudential Financial
Piper Sandler has updated its price target for Prudential Financial, raising it from $120 to $133.
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Prudential Financial, Inc. reported its financial results for the third quarter of 2026, showing net income of $1.388 billion and adjusted operating income of $1.321 billion.
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Piper Sandler has updated its price target for Prudential Financial, raising it from $120 to $133.
Prudential Financial has introduced an AI-driven tool, Claims Insight Assistant, to help employers manage and track disability and absence claims.
Nucor (NUE) is named Bull of the Day as the largest U.S. steel producer with record Q3 shipments, strong pricing rebound, and robust demand across multiple sectors, supported by rising analyst estimates and major growth projects. Prudential Financial (PRU) is named Bear of the Day despite beating Q3 earnings, as revenue declined, Japan operations remain suspended until January 2027 with significant earnings headwinds, and the company withdrew its growth guidance.
Barclays has updated its price target for Prudential Financial, Inc. (NYSE: PRU), raising it from $94 to $98.
Prudential reported Q3 2026 revenue of $13.49 billion, down 16.9% year-over-year and missing Wall Street's $13.96 billion estimate by 3.35%. However, the company beat EPS expectations with $3.77 versus the consensus estimate of $3.31 (+13.9% surprise). Key metrics showed mixed results, including lower retirement account values and net outflows, declining premiums, but stronger net investment income. The stock carries a Zacks Rank #4 (Sell) rating.