Barclays has increased its price target for Charles Schwab (SCHW, Financial), raising it from $84 to $89, while maintaining an Overweight rating on the stock. This decision comes after the firm reported an earnings per share (EPS) performance that exceeded expectations by 4% in the first quarter. The stronger-than-anticipated results were largely attributed to improved net interest income.
Looking ahead, Charles Schwab's management expressed optimism about future earnings, suggesting they could reach the upper end of the projected fiscal year 2025 EPS range of $4.10 to $4.20, even in the face of a declining interest rate futures curve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Charles Schwab Corp (SCHW, Financial) is $85.63 with a high estimate of $102.00 and a low estimate of $65.00. The average target implies an upside of 12.45% from the current price of $76.15. More detailed estimate data can be found on the Charles Schwab Corp (SCHW) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Charles Schwab Corp's (SCHW, Financial) average brokerage recommendation is currently 2.0, 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 Charles Schwab Corp (SCHW, Financial) in one year is $87.40, suggesting a upside of 14.77% from the current price of $76.15. 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 Charles Schwab Corp (SCHW) Summary page.
