Citi's analyst Andrew Coombs has adjusted the price target for BNP Paribas (BNPQY, Financial), raising it from EUR 87 to EUR 90 while maintaining a Buy rating on the stock. This decision comes as a response to recent market fluctuations that have significantly boosted capital market volumes, particularly within the equities sector, during March and April.
In a recent analysis, Coombs highlighted that the volatility observed has led to unprecedented activity levels in the capital markets. As the financial sector braces for the first quarter results, the firm suggests investing selectively in European banks, with BNP Paribas standing out as a viable option.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for BNP Paribas (BNPQY, Financial) is $53.87 with a high estimate of $56.48 and a low estimate of $51.25. The average target implies an upside of 30.87% from the current price of $41.16. More detailed estimate data can be found on the BNP Paribas (BNPQY) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, BNP Paribas's (BNPQY, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" 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 BNP Paribas (BNPQY, Financial) in one year is $25.20, suggesting a downside of 38.78% from the current price of $41.16. 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 BNP Paribas (BNPQY) Summary page.
