Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · Real-Time Price · USD
18.47
-0.11 (-0.59%)
Oct 29, 2024, 4:00 PM EDT - 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 16.40% from the current stock price of 18.47.
Analyst Consensus: Buy
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 1 | 1 | 2 |
| Hold | 2 | 2 | 2 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 1 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Hovde Group | Hovde Group | Buy Initiates $22 | Buy | Initiates | $22 | +19.11% | Oct 2, 2024 |
| Raymond James | Raymond James | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +13.70% | Aug 29, 2024 |
| Raymond James | Raymond James | Hold → Buy Upgrades $17 | Hold → Buy | Upgrades | $17 | -7.96% | 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 | +2.87% | Dec 5, 2022 |
Financial Forecast
Revenue This Year
140.51M
Revenue Next Year
155.07M
from 140.51M
Increased by 10.36%
EPS This Year
0.92
from 1.00
Decreased by -7.99%
EPS Next Year
1.29
from 0.92
Increased by 40.56%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 144.6M | 159.6M |
| Avg | 140.5M | 155.1M |
| Low | 135.0M | 149.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | - | 13.6% |
| Avg | - | 10.4% |
| Low | - | 6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.95 | 1.40 | 1.55 |
| Avg | 0.92 | 1.29 | 1.51 |
| Low | 0.88 | 1.18 | 1.45 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -5.3% | 52.1% | 20.4% |
| Avg | -8.0% | 40.6% | 17.0% |
| Low | -11.6% | 28.1% | 12.4% |
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.