Here’s Why Analysts Believe Manulife Financial (MFC) Is A Top Canadian Financial Stock

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.

Jim Cramer on Manulife Financial Corporation (MFC) – “Terrific Insurer with a Great Yield – I’m Not Going Against It”

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 risk and potential of MFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MFC and that has 10,000% upside potential, check out our report about this cheapest 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.