Key Takeaways:
- Fidelity National Financial (FNF, Financial) and First American Financial (FAF) have been upgraded to "Outperform."
- Analysts see a potential 22.66% upside for FNF, with a target price averaging $70.80.
- Despite market challenges, residential mortgage growth offers optimism for these stocks.
Fidelity National Financial (FNF) and First American Financial (FAF) Upgrade
Fidelity National Financial (NYSE: FNF) and First American Financial (NYSE: FAF) recently received upgrades from Keefe, Bruyette & Woods, moving their ratings to "Outperform." This shift is largely attributed to the current attractive entry points identified after a recent price downturn. As concerns swirl around the commercial real estate market, there is optimism that an increase in residential mortgage volumes could serve as a catalyst for these stocks.
Wall Street Analysts Forecast
According to projections from five analysts, the average one-year price target for Fidelity National Financial Inc (FNF, Financial) stands at $70.80. This estimate includes a high of $77.00 and a low of $65.00. The average target suggests a potential upside of 22.66% from the current trading price of $57.72. For those interested in more in-depth data, visit the Fidelity National Financial Inc (FNF) Forecast page.
Analyst Recommendations and GF Value
Fidelity National Financial Inc (FNF, Financial) holds an average brokerage recommendation of 2.3 from six brokerage firms, aligning with an "Outperform" rating. This recommendation scale ranges from 1 (Strong Buy) to 5 (Sell), providing investors insight into Wall Street's perception of FNF's potential performance.
According to GuruFocus calculations, the estimated GF Value for Fidelity National Financial Inc (FNF, Financial) over the next year is pegged at $54.17. This figure represents a potential downside of 6.15% from its current market price of $57.72. The GF Value is derived from historical trading multiples, past business growth, and future business performance estimates. For a more comprehensive overview, refer to the Fidelity National Financial Inc (FNF) Summary page.
