B. Riley Financial has adjusted its price target for Triumph Financial (TFIN, Financial), bringing it down from $65 to $55, while maintaining a Neutral rating on the stock. The revision follows a detailed analysis reflecting ongoing challenges within the trucking industry, which has seen a notable decrease in shipping volumes.
Furthermore, TriumphPay's anticipated revenue generation has not met previous expectations, prompting a reassessment of its future financial performance. This adjustment also accounts for higher-than-expected operational costs necessary to maintain and enhance its platform's capabilities.
This latest assessment by B. Riley underscores the current uncertainties facing Triumph Financial as it navigates through these industry-specific hurdles, with a focus on strategic cost management and performance optimization in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Triumph Financial Inc (TFIN, Financial) is $54.00 with a high estimate of $56.00 and a low estimate of $49.00. The average target implies an upside of 11.48% from the current price of $48.44. More detailed estimate data can be found on the Triumph Financial Inc (TFIN) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Triumph Financial Inc's (TFIN, Financial) average brokerage recommendation is currently 3.0, 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 Triumph Financial Inc (TFIN, Financial) in one year is $77.32, suggesting a upside of 59.62% from the current price of $48.44. 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 Triumph Financial Inc (TFIN) Summary page.
