DA Davidson has revised its price target for WaFd (WAFD, Financial), reducing it to $29 from the previous $31, while maintaining a Buy rating on the stock. This adjustment follows the company's first-quarter performance, which showed stability compared to the previous quarter.
The analyst highlights that WaFd's net interest margin experienced growth, operating expenses declined, and fee income increased during this period. The firm anticipates a continued rise in WaFd’s net interest margin and expects growth to resume moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for WaFd Inc (WAFD, Financial) is $30.25 with a high estimate of $32.00 and a low estimate of $29.00. The average target implies an upside of 13.13% from the current price of $26.74. More detailed estimate data can be found on the WaFd Inc (WAFD) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, WaFd Inc's (WAFD, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WaFd Inc (WAFD, Financial) in one year is $26.41, suggesting a downside of 1.23% from the current price of $26.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WaFd Inc (WAFD) Summary page.
