Manulife Financial Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Manulife Financial stock have an average target of 39.85, with a low estimate of 36.74 and a high estimate of 43.1. The average target predicts a decrease of -1.09% from the current stock price of 40.29.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$36.74	$39.85	$40.28	$43.1
Change	-8.81%	-1.09%	-0.02%	+6.97%

Analyst Ratings

The average analyst rating for Manulife Financial stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	6	6	6	6
Buy	4	4	4	4	4	4
Hold	3	3	4	3	3	3
Sell	2	2	1	2	2	2
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ken Shih DBS	DBS	Buy Maintains $40	Buy	Maintains	$40	-1.82%	Jun 12, 2026
Mike Rizvanovic Scotiabank	Scotiabank	Buy Maintains $40 → $40	Buy	Maintains	$40 → $40	-1.79%	May 15, 2026
David Motemaden Evercore ISI	Evercore ISI	Hold Maintains $37 → $38	Hold	Maintains	$37 → $38	-5.30%	May 15, 2026
Tom Mackinnon BMO Capital	BMO Capital	Buy Maintains $40	Buy	Maintains	$40	-0.03%	May 15, 2026
Darko Mihelic RBC Capital	RBC Capital	Buy Maintains $39	Buy	Maintains	$39	-3.54%	May 15, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

57.54B

from 30.98B

85.78%

from 30.98B

Revenue Next Year

53.03B

from 57.54B

-7.85%

from 57.54B

EPS This Year

4.48

from 4.21

6.30%

from 4.21

EPS Next Year

4.94

from 4.48

10.30%

from 4.48

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	59.84B	16.91B	27.25B	29.99B	30.98B	57.54B	53.03B
Revenue Growth	-22.41%	-71.74%	61.11%	10.08%	3.28%	85.78%	-7.85%
EPS	3.54	-1.15	2.61	2.84	3.07	3.98	4.86
EPS Growth	20.82%	-	-	8.81%	8.10%	29.55%	22.20%
Forward PE	-	-	-	-	-	14.38	11.77
No. Analysts	-	-	-	-	-	1	2

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	57.5B	60.2B
Avg	57.5B	53.0B
Low	57.5B	45.8B

Revenue Growth

Revenue Growth	2026	2027
High	85.8%	4.7%
Avg	85.8%	-7.8%
Low	85.8%	-20.4%

EPS Forecast

EPS	2026	2027
High	4.61	5.33
Avg	4.48	4.94
Low	4.37	4.30

EPS Growth

EPS Growth	2026	2027
High	9.4%	19.2%
Avg	6.3%	10.3%
Low	3.8%	-3.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.