The latest price target for First BanCorp (NYSE:FBP) was reported by Raymond James on April 27, 2026. The analyst firm set a price target for $27.00 expecting FBP to rise to within 12 months (a possible 2.94% upside). 15 analyst firms have reported ratings in the last year.

The latest analyst rating for First BanCorp (NYSE:FBP) was provided by Raymond James, and First BanCorp upgraded their strong buy rating.

The last upgrade for First BanCorp happened on April 27, 2026 when Raymond James raised their price target to $27. Raymond James previously had an outperform for First BanCorp.

The last downgrade for First BanCorp happened on October 27, 2025 when Keefe, Bruyette & Woods changed their price target from $26 to $24 for First BanCorp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First BanCorp, 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 First BanCorp was filed on April 27, 2026 so you should expect the next rating to be made available sometime around April 27, 2027.

While ratings are subjective and will change, the latest First BanCorp (FBP) rating was a upgraded with a price target of $26.00 to $27.00. The current price First BanCorp (FBP) is trading at is $26.23, which is within the analyst’s predicted range.