In recent developments, analyst Christopher McGratty of Keefe Bruyette has revised his outlook on shares of Zions Bancorp (ZION, Financial), adjusting the firm's price target downward. Originally set at $65, the new target stands at $58. Despite this adjustment, McGratty maintains a Market Perform rating for the stock, indicating a neutral position on its future performance.
This update reflects McGratty's analysis of the bank's financial prospects and market conditions. Investors are keenly observing how these insights might influence their decisions regarding Zions Bancorp shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Zions Bancorp NA (ZION, Financial) is $57.82 with a high estimate of $65.00 and a low estimate of $52.00. The average target implies an upside of 32.56% from the current price of $43.62. More detailed estimate data can be found on the Zions Bancorp NA (ZION) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Zions Bancorp NA's (ZION, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" 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 Zions Bancorp NA (ZION, Financial) in one year is $53.26, suggesting a upside of 22.1% from the current price of $43.62. 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 Zions Bancorp NA (ZION) Summary page.
