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Cathay General
CATYNASDAQ
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Cathay General (NASDAQ:CATY) Stock, Analyst Ratings, Price Targets, Forecasts
Cathay General Bancorp has a consensus price target of $42.43 based on the ratings of 7 analysts. The high is $50 issued by Wedbush on July 23, 2024. The low is $36 issued by Piper Sandler on July 23, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Wedbush, and Piper Sandler on July 24, 2024, July 23, 2024, and July 23, 2024, respectively. With an average price target of $43.67 between Truist Securities, Wedbush, and Piper Sandler, there's an implied -3.48% downside for Cathay General Bancorp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Truist Securities
Wedbush
Piper Sandler
Keefe, Bruyette & Woods
DA Davidson
1calculated from analyst ratings
Analyst Ratings for Cathay General
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/24/2024 | Buy Now | -0.53% | Truist Securities | Brandon King | $38 → $45 | Maintains | Hold | Get Alert |
| 07/23/2024 | Buy Now | 10.52% | Wedbush | David Chiaverini | $44 → $50 | Maintains | Outperform | Get Alert |
| 07/23/2024 | Buy Now | -20.42% | Piper Sandler | Matthew Clark | $32 → $36 | Maintains | Underweight | Get Alert |
| 04/25/2024 | Buy Now | -16% | Truist Securities | Brandon King | $40 → $38 | Maintains | Hold | Get Alert |
| 04/23/2024 | Buy Now | -2.74% | Wedbush | David Chiaverini | → $44 | Reiterates | Outperform → Outperform | Get Alert |
| 04/23/2024 | Buy Now | -9.37% | Keefe, Bruyette & Woods | Christopher Mcgratty | $46 → $41 | Maintains | Market Perform | Get Alert |
| 04/01/2024 | Buy Now | -11.58% | Truist Securities | Brandon King | $46 → $40 | Maintains | Hold | Get Alert |
| 11/06/2023 | Buy Now | -31.48% | Piper Sandler | Matthew Clark | → $31 | Downgrade | Neutral → Underweight | Get Alert |
| 10/24/2023 | Buy Now | -31.48% | Piper Sandler | Matthew Clark | $32 → $31 | Maintains | Neutral | Get Alert |
| 10/24/2023 | Buy Now | -11.58% | Wedbush | David Chiaverini | $42 → $40 | Maintains | Outperform | Get Alert |
| 09/27/2023 | Buy Now | -16% | Truist Securities | Brandon King | $40 → $38 | Maintains | Hold | Get Alert |
| 07/25/2023 | Buy Now | -0.53% | Wedbush | David Chiaverini | $40 → $45 | Maintains | Outperform | Get Alert |
| 07/25/2023 | Buy Now | -9.37% | DA Davidson | Gary Tenner | $34 → $41 | Maintains | Neutral | Get Alert |
| 07/25/2023 | Buy Now | -13.79% | Keefe, Bruyette & Woods | Christopher Mcgratty | $37 → $39 | Maintains | Market Perform | Get Alert |
| 06/29/2023 | Buy Now | -24.85% | Truist Securities | Brandon King | $36 → $34 | Maintains | Hold | Get Alert |
| 04/24/2023 | Buy Now | -20.42% | Truist Securities | Brandon King | $39 → $36 | Maintains | Hold | Get Alert |
| 04/21/2023 | Buy Now | -11.58% | Wedbush | David Chiaverini | $42 → $40 | Maintains | Outperform | Get Alert |
| 04/06/2023 | Buy Now | -11.58% | Keefe, Bruyette & Woods | Christopher Mcgratty | $50 → $40 | Maintains | Market Perform | Get Alert |
| 03/23/2023 | Buy Now | -13.79% | Truist Securities | Jennifer Demba | $46 → $39 | Maintains | Hold | Get Alert |
| 01/26/2023 | Buy Now | 1.68% | Piper Sandler | Matthew Clark | $47 → $46 | Maintains | Neutral | Get Alert |
| 07/14/2022 | Buy Now | -0.53% | Stephens & Co. | Andrew Terrell | → $45 | Initiates | → Equal-Weight | Get Alert |
| 06/13/2022 | Buy Now | -4.95% | Truist Securities | Jennifer Demba | $46 → $43 | Maintains | Hold | Get Alert |
FAQ
What is the target price for Cathay General (CATY) stock?
The latest price target for Cathay General (NASDAQ:CATY) was reported by Truist Securities on July 24, 2024. The analyst firm set a price target for $45.00 expecting CATY to fall to within 12 months (a possible -0.53% downside). 11 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cathay General (CATY)?
The latest analyst rating for Cathay General (NASDAQ:CATY) was provided by Truist Securities, and Cathay General maintained their hold rating.
When was the last upgrade for Cathay General (CATY)?
There is no last upgrade for Cathay General
When was the last downgrade for Cathay General (CATY)?
The last downgrade for Cathay General Bancorp happened on November 6, 2023 when Piper Sandler changed their price target from N/A to $31 for Cathay General Bancorp.
When is the next analyst rating going to be posted or updated for Cathay General (CATY)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cathay General, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cathay General was filed on July 24, 2024 so you should expect the next rating to be made available sometime around July 24, 2025.
Is the Analyst Rating Cathay General (CATY) correct?
While ratings are subjective and will change, the latest Cathay General (CATY) rating was a maintained with a price target of $38.00 to $45.00. The current price Cathay General (CATY) is trading at is $45.24, which is out of the analyst’s predicted range.
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