Bank of America has revised its price target for Synovus (SNV, Financial), elevating it to $60 from the previous $59, while continuing to maintain a Buy recommendation on the stock. This adjustment follows Synovus' impressive first-quarter earnings, which exceeded expectations, and a strong performance update that has favorably influenced analysts.
The research firm perceives Synovus' current share valuation as offering a discount compared to the company’s significant growth prospects. The analysis suggests that investors could potentially benefit from this undervaluation as the company's fundamentals appear poised for further expansion.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Synovus Financial Corp (SNV, Financial) is $55.47 with a high estimate of $65.00 and a low estimate of $46.00. The average target implies an upside of 34.33% from the current price of $41.29. More detailed estimate data can be found on the Synovus Financial Corp (SNV) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Synovus Financial Corp's (SNV, Financial) average brokerage recommendation is currently 2.2, 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 Synovus Financial Corp (SNV, Financial) in one year is $46.03, suggesting a upside of 11.48% from the current price of $41.29. 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 Synovus Financial Corp (SNV) Summary page.
