Manulife Financial Corporation (NYSE:MFC) is one of the 10 best financial stocks to buy for the long term. On February 2, Jefferies analyst John Aiken raised the firm’s price target on Manulife Financial Corporation (NYSE:MFC) from $39.64 to $42.58 while keeping a Buy rating. The upward-adjusted price target offers an additional 13.5% upside from the current levels.
In addition to Jefferies, Alex Scott, an analyst at Barclays, also raised the firm’s price target on Manulife Financial Corporation (NYSE:MFC) from C$49 to C$52 on January 8. He also kept a Hold rating on the stock. The firm’s revised price target reflects a slight downside of approximately 1% from the current levels. The price target revision was made as part of Barclays broader 2026 sector outlook.
Looking ahead to 2026, the firm said that it is cautiously optimistic about the life insurance sector. It cited steady cash flow generation, solid capital levels, and ongoing industry consolidation which help balance pressures from spread compression and higher technology investment.
Manulife Financial Corporation (NYSE:MFC) offers financial services and products across the United States, Asia, Canada, and internationally. The company operates in the Insurance and Annuity Products, Wealth & Asset Management Businesses, and Corporate & Other segments. It also provides integrated banking products and services.
While we acknowledge the potential of MFC 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: Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To.
Disclosure: None. This article is originally published at Insider Monkey.
