Synchrony Financial Surpasses Analyst Target Price: What’s Next for Investors?
Recently, Synchrony Financial (Symbol: SYF) saw its shares trade at $53.69, surpassing the average analyst 12-month target price of $53.67. This milestone prompts analysts to consider their next move: either downgrade the stock based on valuation or raise the target price, depending on the company’s performance and market drivers behind this increase.
Within the Zacks coverage universe, 21 analysts contribute to the consensus forecast. However, it’s important to note that this average reflects a range of opinions. For instance, one analyst projects a price target of $34.00, while another sees potential for a target as high as $62.00. The standard deviation among these targets is $7.825, indicating variation in expectations.
Investors often look to average target prices as a measure of collective judgment, allowing them to weigh differing viewpoints rather than relying solely on one analyst’s opinion. With SYF’s stock surpassing the $53.67 average target, this could be a signal for investors to evaluate the stock’s future potential: Is this just a stepping stone towards higher targets, or has the value peaked, prompting a review of their positions? Below is the current breakdown of analyst ratings for Synchrony Financial:
| Recent SYF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 11 | 12 | 12 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 8 | 7 | 7 | 8 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 2 | 2 |
| Average rating: | 2.1 | 2.01 | 2.01 | 2.16 |
The average rating is based on a scale of 1 to 5, with 1 representing a Strong Buy and 5 representing a Strong Sell. The information in this article utilizes data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on SYF, access it for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
