Raymond James has revised its price target for First Busey (BUSE, Financial), reducing it from $27 to $25, while maintaining an Outperform rating on the stock. Despite the recent acquisition of CrossFirst, which contributed to some fluctuations in core results, the overall performance remains strong. The company's credit metrics have shown positive signs, and operating expenses have been managed more effectively than expected, according to the latest research insights from the analyst.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for First Busey Corp (BUSE, Financial) is $27.00 with a high estimate of $30.00 and a low estimate of $23.00. The average target implies an upside of 27.18% from the current price of $21.23. More detailed estimate data can be found on the First Busey Corp (BUSE) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, First Busey Corp's (BUSE, 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 First Busey Corp (BUSE, Financial) in one year is $40.33, suggesting a upside of 89.97% from the current price of $21.23. 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 First Busey Corp (BUSE) Summary page.
