California BanCorp (CALB)
NASDAQ: CALB · IEX Real-Time Price · USD
21.50
+0.57 (2.72%)
Jun 28, 2024, 4:00 PM EDT - Market closed
California BanCorp Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for California BanCorp stock have an average target of 26.25, with a low estimate of 23 and a high estimate of 31. The average target predicts an increase of 22.09% from the current stock price of 21.50.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 6, 2024.
Analyst Ratings
The average analyst rating for CALB stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $24 → $23 | Buy | Maintains | $24 → $23 | +6.98% | May 6, 2024 |
| Truist Securities | Truist Securities | Buy Reiterates $27 → $26 | Buy | Reiterates | $27 → $26 | +20.93% | May 6, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $36 → $31 | Strong Buy | Maintains | $36 → $31 | +44.19% | May 1, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $27 → $24 | Buy | Maintains | $27 → $24 | +9.30% | Apr 5, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $24 → $25 | Buy | Maintains | $24 → $25 | +16.28% | Nov 1, 2023 |
Financial Forecast
Revenue This Year
80.32M
from 78.13M
Increased by 2.80%
Revenue Next Year
83.28M
from 80.32M
Increased by 3.68%
EPS This Year
2.08
from 2.56
Decreased by -18.64%
EPS Next Year
2.10
from 2.08
Increased by 1.04%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 83.5M | 87.2M |
| Avg | 80.3M | 83.3M |
| Low | 76.5M | 78.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 6.9% | 8.5% |
| Avg | 2.8% | 3.7% |
| Low | -2.0% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.21 | 2.24 |
| Avg | 2.08 | 2.10 |
| Low | 1.96 | 1.96 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -13.9% | 7.7% |
| Avg | -18.6% | 1.0% |
| Low | -23.4% | -5.7% |
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.