Keefe Bruyette has increased its price target for Nicolet Bankshares (NIC, Financial) to $118, up from the previous target of $115. The adjustment follows an impressive first-quarter performance from the bank that surpassed market expectations.
The financial services firm continues to maintain a Market Perform rating on Nicolet Bankshares. The upgrade in the price target reflects a positive outlook following the company's robust operating earnings report, which greatly exceeded forecasts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Nicolet Bankshares Inc (NIC, Financial) is $124.00 with a high estimate of $131.00 and a low estimate of $118.00. The average target implies an upside of 15.46% from the current price of $107.40. More detailed estimate data can be found on the Nicolet Bankshares Inc (NIC) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Nicolet Bankshares Inc's (NIC, Financial) average brokerage recommendation is currently 2.6, 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 Nicolet Bankshares Inc (NIC, Financial) in one year is $81.03, suggesting a downside of 24.55% from the current price of $107.4. 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 Nicolet Bankshares Inc (NIC) Summary page.
