Keefe Bruyette has revised its price target for U.S. Bancorp (USB, Financial), reducing it from $54 to $49. Despite the adjustment, the firm maintains a Market Perform rating on the bank's shares. This decision comes in the wake of U.S. Bancorp delivering a strong report for the first quarter.
The updated assessment reflects an analysis shared with investors, indicating a cautious but steady outlook for the bank's performance. USB continues to exhibit resilience in its financial results, which underpins the sustained Market Perform evaluation by the analysts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for U.S. Bancorp (USB, Financial) is $50.39 with a high estimate of $63.00 and a low estimate of $42.00. The average target implies an upside of 33.24% from the current price of $37.82. More detailed estimate data can be found on the U.S. Bancorp (USB) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, U.S. Bancorp's (USB, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" 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 U.S. Bancorp (USB, Financial) in one year is $47.39, suggesting a upside of 25.3% from the current price of $37.82. 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 U.S. Bancorp (USB) Summary page.
