{"id":64000,"date":"2026-03-18T13:00:07","date_gmt":"2026-03-18T13:00:07","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/18\/garanti-bankasi-garan-hisseleri-icin-hedef-fiyat-belirlendi\/"},"modified":"2026-03-18T13:00:07","modified_gmt":"2026-03-18T13:00:07","slug":"garanti-bankasi-garan-hisseleri-icin-hedef-fiyat-belirlendi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/18\/garanti-bankasi-garan-hisseleri-icin-hedef-fiyat-belirlendi\/","title":{"rendered":"Garanti Bankas\u0131 (GARAN) hisseleri i\u00e7in hedef fiyat belirlendi"},"content":{"rendered":"

T\u00fcrkiye Garanti Bankas\u0131 A.\u015e. (GARAN) hisseleri i\u00e7in arac\u0131 kurumlardan\u00a0hedef fiyat<\/a>\u00a0a\u00e7\u0131klamalar\u0131 gelmeye devam ediyor. 18 Mart g\u00fcn\u00fc model portf\u00f6y\u00fcn\u00fc g\u00fcncelleyen bir arac\u0131 kurum, GARAN hisse senedi i\u00e7in hedef fiyat a\u00e7\u0131klamas\u0131 yapt\u0131.<\/p>\n

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Hedef fiyat haberleri \u2013 GARAN hisse yorumu<\/h2>\n

Raporda \u015fu ifadelere yer verildi; \u201cYat\u0131r\u0131m temas\u0131:<\/strong> Faizlerin y\u00fckseli\u015f d\u00f6neminde pozitif ayr\u0131\u015ft\u0131.<\/em> Garanti BBVA, \u00f6z kaynaklar\u0131nda son be\u015f y\u0131lda y\u0131ll\u0131k ortalama P b\u00fcy\u00fcmeyle (benzer bankalarda ortalama art\u0131\u015f 8) olumlu ayr\u0131\u015ft\u0131. Hisse, 2023 ve 2024 y\u0131llar\u0131nda t\u00fcm bankalar aras\u0131nda 2025\u2019te de \u00f6zel bankalar aras\u0131nda en iyi getiriyi sa\u011flayan banka hissesi oldu. Hisse getirisinin, 2026 ba\u015f\u0131ndan bu yana g\u00f6rece zay\u0131f kalmas\u0131 ise bizce bankan\u0131n faiz indirim d\u00f6ng\u00fcs\u00fcnden rakiplerine g\u00f6re daha az faydalanaca\u011f\u0131 beklentisini yans\u0131t\u0131yor. Ancak \u015eubat ay\u0131n\u0131n ard\u0131ndan d\u0131\u015fsal fakt\u00f6rlere ba\u011fl\u0131 olarak belirsizli\u011fin artmas\u0131 ve faiz indirim beklentisine ili\u015fkin takvimin \u00f6telenmesi Garanti\u2019nin g\u00f6rece daha zay\u0131f finansal ko\u015fullarda rakiplerine k\u0131yasla yine olumlu ayr\u0131\u015fmas\u0131n\u0131 destekleyebilir.
Bu beklentiyi destekleyen fakt\u00f6rler, Garanti\u2019nin sekt\u00f6rde en y\u00fcksek serbest sermayeye, g\u00f6rece y\u00fcksek TL kredi (ve daha d\u00fc\u015f\u00fck DIBS) pay\u0131na sahip olmas\u0131 ve mevduat\u0131n toplam fonlamada daha a\u011f\u0131rl\u0131kl\u0131 yer tutuyor olmas\u0131d\u0131r. Bu bilan\u00e7o yap\u0131s\u0131 faizlerin diren\u00e7li kald\u0131\u011f\u0131 bir senaryoda bankan\u0131n net faiz marj\u0131 \u00fczerinde rakiplere k\u0131yasla daha s\u0131n\u0131rl\u0131 bask\u0131 yaratacakt\u0131r. Garanti Bankas\u0131\u2019n\u0131n \u00f6z kaynak getirisi 2025\u2019de ) ile enflasyonun hafif alt\u0131nda kalsa da, benzer bankalar\u0131n ortalamas\u0131n\u0131n 9 puan \u00fczerinde ger\u00e7ekle\u015fti.
Faizde istikrarl\u0131 d\u00fc\u015f\u00fc\u015f ile \u00f6z kaynak getirilerinin 2026\u2019da enflasyonu ge\u00e7mesini ve y\u00fcksek yirmili seviyelerde birbirine yak\u0131nsamas\u0131n\u0131 bekliyorduk. Bu y\u0131l ara\u015ft\u0131rma kapsam\u0131m\u0131zdaki benzer bankalar i\u00e7in ortalama 160 baz puan net faiz marj\u0131 \u00f6ng\u00f6r\u00fcrken, Garanti i\u00e7in 90 baz puan geni\u015fleme \u00f6ng\u00f6rm\u00fc\u015ft\u00fck. Ancak faizlerin diren\u00e7li kalaca\u011f\u0131 bir senaryoda net faiz marj\u0131 de\u011fi\u015fimlerinin yak\u0131nsayaca\u011f\u0131n\u0131 ve Garanti Bankas\u0131\u2019n\u0131n \u00f6z kaynak getirisinde di\u011fer bankalar\u0131n belirgin \u00fczerinde kalmaya devam edece\u011fini d\u00fc\u015f\u00fcyoruz.
De\u011ferleme: <\/strong>Mevcut fiyat\u0131yla hissenin 1 y\u0131l ileri d\u00f6n\u00fck F\/DD oran\u0131 0,95x olup, son iki y\u0131ldaki 1 y\u0131ll\u0131k ileri d\u00f6n\u00fck medyan F\/DD oran\u0131na g\u00f6re iskontoludur. Ayr\u0131ca banka i\u00e7in hesaplad\u0131\u011f\u0131m\u0131z 12 ayl\u0131k hedef fiyat\u0131m\u0131z 1,4x d\u00fczeyinde bir y\u0131l ileri d\u00f6n\u00fck F\/DD\u2019ye ima etmektedir. \u0130ma edilen F\/DD oran\u0131 ise bankan\u0131n 2024\u2019de g\u00f6rd\u00fc\u011f\u00fc son on y\u0131l\u0131n F\/DD zirvesi ile ayn\u0131 d\u00fczeydedir. Makro tahmin setimizdeki de\u011fi\u015fikliklerin netle\u015fmesine ba\u011fl\u0131 olarak banka hedef fiyatlar\u0131nda bir miktar a\u015fa\u011f\u0131 y\u00f6nl\u00fc risk oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz.\u201d<\/p>\n

GARAN hisse hedef fiyat 2026<\/h2>\n

\u0130\u015fte arac\u0131 kurumlar\u0131n Garanti Bankas\u0131 i\u00e7in belirledi\u011fi hedef fiyat ve tavsiyesi;<\/p>\n

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<\/div>\n<\/div>\n
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Ak Yat\u0131r\u0131m<\/h3>\n

Ak Yat\u0131r\u0131m, GARAN \u2013 Garanti Bankas\u0131 i\u00e7in hedef fiyat\u0131n\u0131 205,00 TL, tavsiyesini \u201cendeks \u00fcst\u00fc getiri\u201d olarak s\u00fcrd\u00fcrd\u00fc. Hisseyi model portf\u00f6y\u00fcne ekledi.<\/p>\n

\n\n\n\n\n\n\n\n\n
Arac\u0131 Kurum<\/strong><\/td>\nAk Yat\u0131r\u0131m<\/td>\n<\/tr>\n
Hedef fiyat<\/strong><\/td>\n205,00 TL<\/td>\n<\/tr>\n
Son fiyat (\u0130st: GARAN)<\/strong><\/td>\n136,70 TL<\/td>\n<\/tr>\n
Tavsiye<\/strong><\/td>\nEndeks \u00fcst\u00fc getiri<\/td>\n<\/tr>\n
Prim potansiyeli<\/strong><\/td>\nI,96<\/td>\n<\/tr>\n
A\u00e7\u0131klanma tarihi<\/strong><\/td>\n18 Mart 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Kaynak:\u00a0<\/strong>ForInvest Haber, Ak Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n

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