Truist Raises Fifth Third Bancorp (FITB) Target to $55, Maintains Buy Rating

We recently compiled a list of the 10 Cheap Stocks With Strong Buy Ratings on Wall Street. Fifth Third Bancorp is one of the cheap stocks to buy on our list.

TheFly reported on December 22 that Truist Securities analyst Brian Foran maintained a Buy rating on FITB and raised the price target to $55 from $50, reflecting confidence in the bank’s earnings trajectory and capital return strategies. The increase aligns with broader constructive coverage, with consensus price targets for FITB clustering above recent trading levels.

Similarly, on December 17, 2025, Keefe, Bruyette & Woods (KBW) analyst David Konrad maintained a Market Perform rating and increased his price target to $53 from $50, citing Fifth Third Bancorp (NASDAQ:FITB)’s resilient business mix and disciplined expense management.

These analyst actions follow recent operational developments at FITB. The bank reduced its prime lending rate to 6.75% on December 10, a move that may support net interest income as funding costs adjust, following prior rate reductions earlier in the year.

Fifth Third Bancorp (NASDAQ:FITB) operates as a diversified financial services company. It provides a range of banking and financial services, including retail and commercial banking, consumer lending, and wealth management across the Midwest and Southeastern United States.

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