Stephens analyst Russell Gunther has adjusted the firm's price target for Synovus Financial Corp. (SNV, Financial), reducing it from $52 to $46 while maintaining an Equal Weight rating on the stock. The change comes as Gunther notes a marginally improved net interest margin, bolstered by favorable run rate trends compared to earlier expectations and the impact of reduced expenses.
Gunther's analysis also led to a 1% increase in the firm's fiscal year 2025 pre-provision net revenue forecast. While softer fee performances posed challenges, the improvements in other financial metrics helped to balance the outlook positively.
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.
