Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · Real-Time Price · USD
15.98
+0.37 (2.37%)
May 20, 2025, 4:00 PM - Market closed
Carter Bankshares Stock Forecast
Stock Price Forecast
According to 2 professional analysts, the 12-month price target for Carter Bankshares stock ranges from a low of $21 to a high of $22. The average analyst price target of $21.5 forecasts a 34.54% increase in the stock price over the next year.
Price Target: $21.50 (+34.54%)
Analyst Consensus: Buy
* Price targets were last updated on Oct 2, 2024.
Analyst Ratings
The average analyst rating for Carter Bankshares stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Hovde Group | Hovde Group | Buy Initiates $22 | Buy | Initiates | $22 | +37.67% | Oct 2, 2024 |
| Raymond James | Raymond James | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +31.41% | Aug 29, 2024 |
| Raymond James | Raymond James | Hold → Buy Upgrades $17 | Hold → Buy | Upgrades | $17 | +6.38% | 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 | +18.90% | Dec 5, 2022 |
Financial Forecast
Revenue This Year
155.85M
from 140.87M
Increased by 10.63%
Revenue Next Year
178.20M
from 155.85M
Increased by 14.34%
EPS This Year
2.02
from 1.06
Increased by 90.53%
EPS Next Year
1.68
from 2.02
Decreased by -16.67%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 162.5M | 183.2M |
| Avg | 155.9M | 177.9M |
| Low | 147.8M | 170.8M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 15.4% | 17.6% |
| Avg | 10.6% | 14.1% |
| Low | 4.9% | 9.6% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 3.36 | 2.15 |
| Avg | 2.02 | 1.94 |
| Low | 1.13 | 1.72 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 217.0% | 6.6% |
| Avg | 90.5% | -4.0% |
| Low | 6.3% | -15.1% |
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.