Cadence Bank (CADE)
NYSE: CADE · IEX Real-Time Price · USD
29.06
-0.31 (-1.06%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Cadence Bank Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Cadence Bank stock have an average target of 30.9, with a low estimate of 27 and a high estimate of 34. The average target predicts an increase of 6.33% from the current stock price of 29.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cadence Bank stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 2 | 3 | 3 | 3 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 9 | 9 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $28 → $29 | Hold | Maintains | $28 → $29 | -0.21% | Apr 24, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $32 → $33 | Buy | Maintains | $32 → $33 | +13.56% | Apr 24, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Reiterates $33 | Buy | Reiterates | $33 | +13.56% | Apr 23, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $31 | Hold | Reiterates | $31 | +6.68% | Apr 9, 2024 |
| Jefferies | Jefferies | Hold Maintains $30 → $29 | Hold | Maintains | $30 → $29 | -0.21% | Apr 8, 2024 |
Financial Forecast
Revenue This Year
1.80B
from 2.20B
Decreased by -18.31%
Revenue Next Year
1.91B
from 1.80B
Increased by 6.13%
EPS This Year
2.48
from 2.92
Decreased by -15.04%
EPS Next Year
2.81
from 2.48
Increased by 13.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.9B | 2.0B | 2.0B |
| Avg | 1.8B | 1.9B | 1.9B |
| Low | 1.7B | 1.8B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -14.4% | 13.7% | 5.1% |
| Avg | -18.3% | 6.1% | 1.3% |
| Low | -23.4% | -0.7% | -3.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.84 | 2.99 | 3.36 |
| Avg | 2.48 | 2.81 | 3.08 |
| Low | 2.01 | 2.59 | 2.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.9% | 20.6% | 19.5% |
| Avg | -15.0% | 13.4% | 9.7% |
| Low | -31.2% | 4.3% | -5.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.