- Evercore (EVR, Financial) receives a 'Market Outperform' upgrade from Citizens due to robust revenue growth and increased diversification.
- Analysts project a significant upside potential for Evercore, with the average price target suggesting a 55.34% increase from current levels.
- Evercore's strategic diversification beyond M&A positions it favorably for long-term growth.
Citizens has upgraded Evercore (EVR) to 'Market Outperform,' underscoring the company's impressive revenue growth and strategic diversification efforts. Despite facing a series of recent challenges, Evercore's long-term prospects appear promising. Notably, over 40% of the firm's revenue now comes from non-M&A business activities, marking a significant shift that enhances its potential for sustainable expansion.
Wall Street Analysts Forecast
According to the one-year price targets provided by seven financial analysts, the average target price for Evercore Inc (EVR, Financial) stands at $269.29. This range includes a high estimate of $339.00 and a low estimate of $173.00. The average target price indicates an impressive upside of 55.34% from the current trading price of $173.35. For a more comprehensive view of these estimates, visit the Evercore Inc (EVR) Forecast page.
The consensus recommendation from nine brokerage firms assigns Evercore Inc (EVR, Financial) an average recommendation of 2.3, categorizing it within an "Outperform" status. On their rating scale, a score of 1 represents a Strong Buy, whereas a 5 signals a Sell.
GuruFocus estimates suggest that Evercore Inc (EVR, Financial) has a GF Value of $187.72 over the next year. This estimate points to a potential upside of 8.29% from its current price of $173.35. The GF Value metric, unique to GuruFocus, reflects the stock's estimated fair trading value. This valuation is derived from historical trading multiples, past growth, and future business performance projections. Additional detailed insights are accessible through the Evercore Inc (EVR) Summary page.
