Investment firm DA Davidson has revised its target price for Wintrust Financial (WTFC, Financial), reducing it to $135 from the previous $140. Despite this adjustment, the firm maintains a Buy rating on the stock following Wintrust's strong performance in its first-quarter earnings. The company has shown a healthy credit profile and improving profitability, with future prospects appearing promising when compared to other banks covered by the firm.
The revised price target primarily reflects changes in trading multiples among peer institutions, according to DA Davidson. Although the target has been lowered, the outlook for Wintrust Financial remains positive as the bank continues to demonstrate strong financial fundamentals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Wintrust Financial Corp (WTFC, Financial) is $135.77 with a high estimate of $150.00 and a low estimate of $115.00. The average target implies an upside of 27.29% from the current price of $106.66. More detailed estimate data can be found on the Wintrust Financial Corp (WTFC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Wintrust Financial Corp's (WTFC, Financial) average brokerage recommendation is currently 1.8, 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 Wintrust Financial Corp (WTFC, Financial) in one year is $109.69, suggesting a upside of 2.84% from the current price of $106.66. 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 Wintrust Financial Corp (WTFC) Summary page.
