Cullen/Frost Bankers Shares Surge Past Analyst Target, What’s Next?

Shares of Cullen/Frost Bankers, Inc. (Symbol: CFR) recently traded at $123.25, exceeding the average analyst 12-month target price of $121.58. When a stock hits this target, analysts usually have two choices: they can lower their assessments based on valuation, or raise their target prices. Their decision often hinges on the company’s performance and any recent developments that may have influenced the stock price.

There are 12 analyst targets within the Zacks coverage for Cullen/Frost Bankers, Inc. While the average is an indicator, individual opinion varies significantly. For instance, one analyst anticipates a price of $104.00, while another predicts it could reach as high as $138.00. The standard deviation among these predictions is $9.746, indicating some disagreement among experts.

Investors typically consider the average target to gauge a broader sentiment, reflecting a collective perspective rather than a single analyst’s view. As CFR has surpassed the average target price, this presents an opportunity for investors to reevaluate their strategies: Is $121.58 just a stepping stone toward an even higher target, or is it time to consider cashing in on gains? Below is a table summarizing the current views from analysts covering Cullen/Frost Bankers, Inc.:

The average rating above ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis used data sourced from Zacks Investment Research via Quandl.com. For the latest Zacks research report on CFR, please visit their site.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.