Keefe Bruyette analyst Catherine Mealor has revised her outlook on Synovus Financial (SNV, Financial), adjusting the price target from $58 to $52. Despite the reduction, Mealor continues to maintain a Market Perform rating on the company's shares.
This modification reflects a cautious perspective on the stock's potential growth, indicating the firm's expectations for moderate performance in the foreseeable future. Investors are advised to consider this updated target in their decision-making processes regarding Synovus Financial.
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 $55.27 with a high estimate of $64.00 and a low estimate of $46.00. The average target implies an upside of 33.85% 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.
