Piper Sandler has increased its price target for Pathward Financial (CASH, Financial) to $94, up from the previous $91, while maintaining an Overweight rating on the stock. This decision follows the company's impressive first-quarter earnings performance.
Pathward Financial reported earnings per share (EPS) of $3.11 for Q1, significantly exceeding Piper Sandler's forecast of $2.66 and the broader market consensus of $2.78. The substantial earnings surprise was primarily driven by higher net interest income. This was attributed to an increase in average deposits retained on the balance sheet, along with enhanced liquidity throughout the quarter.
The robust financial results and targeted improvements have led Piper Sandler to reassess the company's value, reflecting their optimism about Pathward Financial's continued performance in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Pathward Financial Inc (CASH, Financial) is $90.00 with a high estimate of $94.00 and a low estimate of $86.00. The average target implies an upside of 20.85% from the current price of $74.47. More detailed estimate data can be found on the Pathward Financial Inc (CASH) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Pathward Financial Inc's (CASH, Financial) average brokerage recommendation is currently 2.7, 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 Pathward Financial Inc (CASH, Financial) in one year is $83.97, suggesting a upside of 12.76% from the current price of $74.47. 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 Pathward Financial Inc (CASH) Summary page.
