Barclays has revised its price target for East West Bancorp (EWBC, Financial), lifting the target from $105 to $110, while maintaining an Overweight rating on the stock. This adjustment follows a robust quarterly performance reported by East West, which has successfully affirmed its optimistic outlook despite widespread market apprehensions about growth and credit risks due to its international exposure.
The positive assessment from Barclays highlights the company’s ability to navigate potential global financial uncertainties, reinforcing investor confidence. The bank's analysis suggests that East West Bancorp is well-positioned to capitalize on future opportunities, justifying the increased valuation and continued recommendation for investors to hold an advantageous stake in the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for East West Bancorp Inc (EWBC, Financial) is $104.92 with a high estimate of $118.00 and a low estimate of $90.00. The average target implies an upside of 32.45% from the current price of $79.21. More detailed estimate data can be found on the East West Bancorp Inc (EWBC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, East West Bancorp Inc's (EWBC, Financial) average brokerage recommendation is currently 1.9, 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 East West Bancorp Inc (EWBC, Financial) in one year is $79.49, suggesting a upside of 0.35% from the current price of $79.21. 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 East West Bancorp Inc (EWBC) Summary page.
