In a recent assessment, Keefe Bruyette analyst Woody Lay has adjusted the price target for Heritage Commerce (HTBK, Financial), reducing it slightly from $11.50 to $11. Despite this revision, the analyst maintains an Outperform rating for the company's shares, indicating continued optimism about its future performance. This update reflects a nuanced view of the company’s potential in the market while acknowledging current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Heritage Commerce Corp (HTBK, Financial) is $11.58 with a high estimate of $12.00 and a low estimate of $11.00. The average target implies an upside of 27.15% from the current price of $9.11. More detailed estimate data can be found on the Heritage Commerce Corp (HTBK) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Heritage Commerce Corp's (HTBK, Financial) average brokerage recommendation is currently 1.7, 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 Heritage Commerce Corp (HTBK, Financial) in one year is $10.23, suggesting a upside of 12.29% from the current price of $9.11. 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 Heritage Commerce Corp (HTBK) Summary page.
