Why is Truist Financial Corporation (TFC) One of the Best Undervalued Stocks to Buy Under $50

Truist Financial Corporation (NYSE:TFC) is one of the best undervalued stocks to buy under $50. Truist Financial Corporation (NYSE:TFC) received a rating update from Barclays analyst Jason Goldberg, who maintained a Hold rating on the stock and set a $47 price target.

However, Truist Financial Corporation (NYSE:TFC) was upgraded to Buy from Hold at TD Cowen on October 21, with the firm raising the price target to $55 from $48.

The rating updates came after Truist Financial Corporation (NYSE:TFC) reported its fiscal Q3 2025 earnings on October 17, with net income available to common shareholders reaching $1.3 billion, or $1.04 per diluted share. Taxable-equivalent net interest income for the quarter rose 1.2%, or $45 million, compared to fiscal Q2 2025, attributed primarily to an additional day in fiscal Q3 2025, fixed-rate asset repricing, and loan growth.

The company also reported that total revenues for the quarter rose 4%, and average loan balance rose by 2.5% because of broad-based growth across consumer and wholesale segments, driven by an increase in new client acquisition and loan production.

Truist Financial Corporation (NYSE:TFC) is a financial holding company that provides banking services to businesses, individuals, and municipalities. The company operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Other, Treasury and Corporate.

While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.