Bank of America has increased its price target for U.S. Bancorp (USB, Financial) from $48 to $49, maintaining a 'Buy' rating on the shares. This adjustment follows the recent appointment of Gunjan Kedia as CEO, who has expressed a strong commitment to revitalizing the company during the recent earnings call. The analyst noted that the market remains cautious, which is evident in the current stock valuation.
The analyst also highlighted improvements in the company's financial projections for 2026 and 2027, spurred by a stronger-than-expected performance in the first quarter and a more favorable future outlook. Despite these positive developments, investor confidence appears to be tempered, reflecting the ongoing need for effective execution of the turnaround strategy under the new leadership.
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.
