DA Davidson has revised its price target for Synovus Financial Corp. (SNV, Financial), lowering it from $65 to $60 while maintaining a Buy rating on the stock. This adjustment comes in light of Synovus's robust first-quarter performance, which positions the company well as it heads toward 2025. Key highlights from the quarter include net interest income reaching the higher end of expectations and core net interest margin showing positive growth, alongside effective expense management.
Despite these favorable results, the price target revision reflects increasing economic uncertainties, especially considering the potential impact of trade tariffs on the U.S. economy. DA Davidson's analysis suggests that while Synovus is currently on solid footing, external economic factors could pose challenges in the future.
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 36.09% from the current price of $40.61. 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 $45.97, suggesting a upside of 13.2% from the current price of $40.61. 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.
