Bank of America (BofA) analyst Mihir Bhatia has revised the price target for Synchrony Financial (SYF, Financial), reducing it from $85 to $74 while maintaining a Buy rating on the stock. Despite recognizing the first quarter results as positive, Bhatia expressed concerns about the company's future prospects, citing an uncertain macroeconomic environment that could influence investor confidence.
The revision of the price target reflects BofA's reassessment following Synchrony's recent earnings report and subsequent management commentary. In light of these developments, the firm has adjusted its financial estimates for the fiscal years 2025 and 2026. The lowered price target is intended to incorporate potential fluctuations in the broader economic landscape, which could impact the company's performance moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Synchrony Financial (SYF, Financial) is $63.19 with a high estimate of $88.00 and a low estimate of $42.00. The average target implies an upside of 30.12% from the current price of $48.56. More detailed estimate data can be found on the Synchrony Financial (SYF) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Synchrony Financial's (SYF, 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 Synchrony Financial (SYF, Financial) in one year is $68.58, suggesting a upside of 41.23% from the current price of $48.56. 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 Synchrony Financial (SYF) Summary page.
