Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · Real-Time Price · USD
17.68
+0.51 (2.97%)
Dec 20, 2024, 4:00 PM EST - Market closed
Carter Bankshares Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Carter Bankshares stock have an average target of 21.5, with a low estimate of 21 and a high estimate of 22. The average target predicts an increase of 21.61% from the current stock price of 17.68.
Analyst Consensus: Buy
* Price targets were last updated on Oct 2, 2024.
Analyst Ratings
The average analyst rating for CARE stock from 2 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 1 | 1 | 2 | 2 | 2 |
| Hold | 2 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 1 | 1 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Hovde Group | Hovde Group | Buy Initiates $22 | Buy | Initiates | $22 | +24.43% | Oct 2, 2024 |
| Raymond James | Raymond James | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +18.78% | Aug 29, 2024 |
| Raymond James | Raymond James | Hold → Buy Upgrades $17 | Hold → Buy | Upgrades | $17 | -3.85% | May 1, 2023 |
| Raymond James | Raymond James | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 6, 2023 |
| Piper Sandler | Piper Sandler | Hold Initiates $19 | Hold | Initiates | $19 | +7.47% | Dec 5, 2022 |
Financial Forecast
Revenue This Year
139.10M
Revenue Next Year
166.96M
from 139.10M
Increased by 20.03%
EPS This Year
0.95
from 1.00
Decreased by -4.92%
EPS Next Year
2.09
from 0.95
Increased by 120.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 143.4M | 185.6M | 185.6M |
| Avg | 139.1M | 167.0M | 178.2M |
| Low | 133.4M | 147.6M | 169.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 33.5% | 11.2% |
| Avg | - | 20.0% | 6.7% |
| Low | - | 6.1% | 1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.02 | 3.94 | 1.84 |
| Avg | 0.95 | 2.09 | 1.68 |
| Low | 0.88 | 1.03 | 1.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.1% | 315.1% | -12.0% |
| Avg | -4.9% | 120.1% | -19.4% |
| Low | -11.6% | 8.5% | -31.9% |
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.