15 Undervalued Momentum Stocks That Are Taking Off

6. The PNC Financial Services Group Inc. (NYSE:PNC)

Number of Hedge Fund Holders: 59

According to a February 9 report from The Fly, JPMorgan raised its price target on The PNC Financial Services Group Inc. (NYSE:PNC) from $228.50 to $251. The firm also maintained an Overweight rating as it continues to have a constructive outlook on large-cap banks. The firm updated its sector estimates to reflect expectations of two rate cuts, while expecting long-term yields to “remain sticky with inflation concerns.”

Besides The PNC Financial Services Group Inc. (NYSE:PNC), JPM has also reiterated a similar thesis for other large-cap banks, including KeyCorp, Citizens Financial Group, and U.S. Bancorp. The firm views current market conditions as supportive of bank stocks, driven by a favorable regulatory environment and accelerating industry consolidation. The firm also expects bank stocks to benefit from ongoing sector rotation, supported by resilient economic conditions and steady underlying fundamentals.

Earlier, on January 20, Oppenheimer increased its price target of the stock from $268 to $284 and maintained an Outperform rating, citing strong full-year 2025 results. The firm, which prefers commercial banks over investment banks, views PNC as benefiting from both organic and inorganic factors, including the recent acquisition of FirstBank.

The PNC Financial Services Group Inc. (NYSE:PNC) stock has performed steadily recently, with 8% returns in 2025 and nearly 12% year-to-date in 2026. At $232.7, the stock is trading around 5% below its 52-week high of $243.9.

The PNC Financial Services Group Inc. (NYSE:PNC) is one of the largest diversified financial institutions in the U.S., with businesses engaged in retail banking, including residential mortgage, corporate and institutional banking, and asset management.