Discover Financial Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Discover Financial Services DFS is expected to release earnings results for its fourth quarter, after the closing bell on Jan. 17, 2024.

Analysts expect the company to report quarterly earnings at $2.51 per share, down from year-ago earnings of $3.77 per share. The company is projected to post revenue of $4.10 billion for the latest quarter, compared to $3.73 billion in the year-earlier period, according to Benzinga Pro.

Discover Financial Services, during November, announced that it will explore the sale of the Discover Student Loans portfolio.

Discover Financial shares rose 0.1% to close at $109.66 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Deutsche Bank analyst Meng Jiao initiated coverage on the stock with a Hold rating and a price target of $410 on Jan. 10, 2024. This analyst has an accuracy rate of 61%.
• Piper Sandler analyst Kevin Barker upgraded the stock from Neutral to Overweight and raised the price target from $104 to $129 on Jan. 3, 2024. This analyst has an accuracy rate of 75%.
• Citigroup analyst Arren Cyganovich upgraded the stock from Neutral to Buy and boosted the price target from $93 to $133 on Dec. 20, 2023. This analyst has an accuracy rate of 71%.
• RBC Capital analyst Jon Arfstrom maintained an Outperform rating and cut the price target from $115 to $108 on Oct. 20, 2023. This analyst has an accuracy rate of 63%.
• BMO Capital analyst James Fotheringham maintained a Market Perform rating and cut the price target from $100 to $99 on Oct. 20, 2023. This analyst has an accuracy rate of 69%.

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