Charles Schwab (SCHW, Financial) Financial Highlights:
- Premarket trading saw a 3.7% rise as Q1 core net new assets jumped 44% year-over-year.
- Adjusted earnings per share reached $1.04, surpassing expectations with $5.60 billion in net revenue.
- Analysts forecast a potential upside, with a consensus "Outperform" recommendation.
Charles Schwab (SCHW, Financial) has generated considerable interest in the financial markets, reflected in a 3.7% uptick in premarket trading. This rise comes on the back of a remarkable 44% increase in Q1 core net new assets compared to the previous year. The company reported adjusted earnings per share of $1.04 and a net revenue figure of $5.60 billion, both exceeding market forecasts. These impressive figures highlight the strength of Schwab's financial performance amid ongoing market volatility.
Wall Street Analysts' Forecasts on Charles Schwab
Wall Street analysts remain optimistic about Charles Schwab Corp (SCHW, Financial). Based on price targets from 19 analysts, the average target for the stock is $85.63. This includes a high estimate of $102.00 and a low of $65.00. The average target suggests a potential upside of 9.66% from the current trading price of $78.09. For more detailed analysis, refer to the Charles Schwab Corp (SCHW) Forecast page.
The consensus among 23 brokerage firms positions Charles Schwab Corp (SCHW, Financial) with an average recommendation score of 2.0, indicating an "Outperform" status. This rating scale ranges from 1, which signifies a Strong Buy, to 5, indicating a Sell. This consensus underscores the positive market sentiment toward Schwab's future performance.
Understanding the GF Value Estimate
The GuruFocus platform provides an estimated GF Value for Charles Schwab Corp (SCHW, Financial) as $87.42 over the next year. This suggests a potential upside of 11.95% from the current price of $78.085. The GF Value represents GuruFocus' assessment of the stock's fair trading value and is based on past trading multiples, historical business growth, and projected future business performance. Investors can explore more detailed company metrics on the Charles Schwab Corp (SCHW) Summary page.
