Investment firm Stephens has adjusted its price target for Associated Banc-Corp (ASB, Financial), reducing it from $28 to $26. Despite this revision, the firm maintains an Equal Weight rating on the bank's shares.
The adjustment follows Associated Banc-Corp's first-quarter earnings per share (EPS) surpassing consensus expectations. This EPS success could potentially lead to short-term gains. However, Stephens underscores that the bank's projections for 2025 suggest that its pre-provision net revenue from the second to fourth quarters will likely remain consistent with market forecasts.
Investors are advised to keep a balanced outlook on Associated Banc-Corp shares as the firm's future revenue expectations align closely with current consensus predictions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Associated Banc-Corp (ASB, Financial) is $26.78 with a high estimate of $29.00 and a low estimate of $24.00. The average target implies an upside of 21.61% from the current price of $22.02. More detailed estimate data can be found on the Associated Banc-Corp (ASB) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Associated Banc-Corp's (ASB, Financial) average brokerage recommendation is currently 2.8, 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 Associated Banc-Corp (ASB, Financial) in one year is $26.74, suggesting a upside of 21.44% from the current price of $22.02. 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 Associated Banc-Corp (ASB) Summary page.
