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Synovus Financial Corp has a consensus price target of $48.25 based on the ratings of 26 analysts. The high is $68 issued by Morgan Stanley on December 6, 2021. The low is $33 issued by Wells Fargo on October 4, 2023. The 3 most-recent analyst ratings were released by Truist Securities, Raymond James, and Morgan Stanley on September 20, 2024, September 17, 2024, and August 5, 2024, respectively. With an average price target of $50.67 between Truist Securities, Raymond James, and Morgan Stanley, there's an implied 13.78% upside for Synovus Financial Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Synovus Finl (NYSE:SNV) was reported by Truist Securities on September 20, 2024. The analyst firm set a price target for $52.00 expecting SNV to rise to within 12 months (a possible 16.78% upside). 58 analyst firms have reported ratings in the last year.
The latest analyst rating for Synovus Finl (NYSE:SNV) was provided by Truist Securities, and Synovus Finl maintained their buy rating.
The last upgrade for Synovus Financial Corp happened on September 17, 2024 when Raymond James raised their price target to $49. Raymond James previously had a market perform for Synovus Financial Corp.
The last downgrade for Synovus Financial Corp happened on April 22, 2024 when Keefe, Bruyette & Woods changed their price target from $46 to $38 for Synovus Financial Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Synovus Finl, 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 Synovus Finl was filed on September 20, 2024 so you should expect the next rating to be made available sometime around September 20, 2025.
While ratings are subjective and will change, the latest Synovus Finl (SNV) rating was a maintained with a price target of $50.00 to $52.00. The current price Synovus Finl (SNV) is trading at is $44.53, which is out of the analyst’s predicted range.
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