- Charles Schwab reports record-breaking revenue, driven by a 24% surge in trading activity.
- Analysts predict an average price target of $86.68, with a potential upside of over 13%.
- The stock is rated as "Outperform" by the market, reflecting strong future performance expectations.
In a remarkable first-quarter performance, Charles Schwab (SCHW, Financial) announced unprecedented revenue figures, largely fueled by a substantial increase in trading activity amid market volatility. With daily average trades climbing by 24%, the company has outpaced projections, subsequently boosting its stock price by 2.5%.
Wall Street Analysts' Forecast
According to insights from 19 analysts, the one-year price targets for Charles Schwab Corp (SCHW, Financial) reveal an average target price of $86.68, featuring a high-end estimate of $102.00 and a low-end prediction of $65.00. This average target suggests a potential upside of 13.83% from the current stock price of $76.15. For deeper insights, visit the Charles Schwab Corp (SCHW) Forecast page.
The consensus from 23 brokerage firms has positioned Charles Schwab Corp (SCHW, Financial) with an average recommendation of 2.0, categorizing it as "Outperform." The brokerage rating scale ranges from 1 to 5, where 1 indicates a "Strong Buy" and 5 signifies "Sell."
Furthermore, GuruFocus estimates suggest that the GF Value for Charles Schwab Corp (SCHW, Financial) in a year's time stands at $87.40. This calculation presents an anticipated upside of 14.77% from the present price of $76.15. The GF Value is a reflection of what the stock should be valued at, based on historical trading multiples, previous business growth, and future business performance expectations. Discover more detailed information on the Charles Schwab Corp (SCHW) Summary page.
