First Horizon Corp Surpasses Analyst Price Target: What’s Next?

In recent trading, shares of First Horizon Corp (Symbol: FHN) have exceeded the average analyst 12-month target price of $20.43, trading at $20.60 per share. When a stock meets its analyst-set target, analysts typically have two options: either downgrade based on valuation or raise their target price. Analyst responses can vary based on the company’s recent developments—if positive changes are underway, it may justify an increased target price.

Fifteen analysts contribute to the Zacks coverage for First Horizon Corp, creating this average target. However, the average is simply a mathematical estimate, meaning some analysts believe the stock price will fall—one has set a target as low as $16.00—while another expects it to soar up to $23.00. Notably, the standard deviation among these targets is $2.235.

Investors often look at the average price target to understand the market’s consensus, blending insights from multiple analysts rather than relying on a single opinion. With FHN trading above the $20.43 target, investors now face a decision: is this just a stepping stone towards an even higher target, or has the stock’s price risen to a point where it might be prudent to sell some shares? The following table provides a snapshot of current analyst perspectives on First Horizon Corp:

This average rating is on a scale from 1 (Strong Buy) to 5 (Strong Sell). Data sourced from Zacks Investment Research via Quandl.com.

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