Keefe Bruyette analyst Christopher McGratty has revised the price target for Webster Financial (WBS, Financial), lowering it to $65 from the previous target of $70. Despite this adjustment, the analyst maintains an Outperform rating for the company's shares.
The decision reflects the analyst's ongoing positive stance, driven by Webster Financial's superior profitability compared to its peers, along with its attractive valuation. McGratty continues to see promising potential in the company's financial performance, offering a favorable outlook for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Webster Financial Corp (WBS, Financial) is $63.79 with a high estimate of $72.00 and a low estimate of $50.00. The average target implies an upside of 33.16% from the current price of $47.90. More detailed estimate data can be found on the Webster Financial Corp (WBS) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Webster Financial Corp's (WBS, Financial) average brokerage recommendation is currently 1.9, 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 Webster Financial Corp (WBS, Financial) in one year is $49.28, suggesting a upside of 2.88% from the current price of $47.9. 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 Webster Financial Corp (WBS) Summary page.
