Valley National Bancorp's Consensus Analyst Price Target Increases to $12.73 per Share

Valley National Bancorp's consensus analyst price target has increased to $12.73 per share, driven by improving fundamentals and growth opportunities despite ongoing risks. Analysts have upgraded the bank, citing its visible path to achieving a 15% return on tangible common equity by mid-2028. However, concerns around its commercial real estate-heavy loan book and valuation gaps with peers remain. The bank's success in executing expense control, credit metrics, and managing its loan portfolio will be crucial to its outlook.