Shares of Texas Capital Bancshares Inc (TCBI) recently traded at $57.38, surpassing the average 12-month target price of $57.25 set by analysts. This price movement invites consideration of whether analysts will downgrade their ratings due to valuation or raise their targets in light of company performance.
Within Zacks’ coverage, TCBI has a range of analyst targets, with one set at a low of $47.00 and another as high as $65.00, leading to a standard deviation of $5.259. Out of 12 analysts, four rate the stock as a strong buy, five as hold, one as sell, and two as strong sell, resulting in an average rating of 2.75 (where 1 is strong buy and 5 is strong sell).
