RBC Capital analyst Jon Arfstrom has reduced the price target for First Horizon (FHN, Financial) from $24 to $22, though the firm's Outperform rating on the stock remains unchanged. Despite the price adjustment, the company reported a robust financial quarter. This performance was bolstered by reduced expenses and an expansion in margins, which contributed positively to the results.
Although there are uncertainties in the current market environment, First Horizon's management continues to express confidence. They are optimistic about their ability to drive growth in pre-provision net revenue and are on track to meet their financial projections for 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for First Horizon Corp (FHN, Financial) is $21.89 with a high estimate of $24.00 and a low estimate of $18.00. The average target implies an upside of 26.69% from the current price of $17.28. More detailed estimate data can be found on the First Horizon Corp (FHN) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, First Horizon Corp's (FHN, Financial) average brokerage recommendation is currently 2.1, 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 First Horizon Corp (FHN, Financial) in one year is $19.62, suggesting a upside of 13.54% from the current price of $17.28. 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 First Horizon Corp (FHN) Summary page.
