Seaport Research has adjusted its outlook on Synchrony Financial (SYF, Financial), reducing the price target for the company's stock to $66, down from a previous $80. Despite the lowered target, the brokerage maintains a Buy rating on the shares.
This revision comes in the wake of Synchrony's latest quarterly results, which the firm describes as "much stronger" than they initially appeared. The analyst's reassessment reflects an optimistic view following the latest performance data from the financial services company.
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.
