Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · IEX Real-Time Price · USD
12.11
+0.40 (3.42%)
Apr 26, 2024, 3:11 PM EDT - Market open
Carter Bankshares Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Carter Bankshares stock has a target of 17, which predicts an increase of 40.38% from the current stock price of 12.11.
Analyst Consensus: Buy
* Price targets were last updated on May 1, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for CARE is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '22 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 3 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Hold → Buy Upgrades $17 | Hold → Buy | Upgrades | $17 | +40.38% | 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 | +56.90% | Dec 5, 2022 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $18 → $19 | Strong Buy → Hold | Downgrades | $18 → $19 | +52.77% | Oct 6, 2022 |
| Raymond James | Raymond James | Hold → Buy Upgrades $16 | Hold → Buy | Upgrades | $16 | +32.12% | Jul 7, 2022 |
Financial Forecast
Revenue This Year
n/a
Revenue Next Year
n/a
EPS This Year
n/a
EPS Next Year
n/a
No financial forecasts available for this stock
Revenue Forecast
| Revenue | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| High | 135.4M | 132.6M | 141.9M | 167.3M | 150.5M | 146.2M | 161.9M |
| Avg | 130.7M | 128.2M | 136.8M | 162.4M | 145.6M | 140.3M | 152.0M |
| Low | 124.7M | 122.5M | 130.6M | 156.0M | 139.3M | 133.1M | 141.1M |
Revenue Growth
| Revenue Growth | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| High | 1.5% | 10.7% | 22.3% | -7.4% | 0.4% | 15.4% |
| Avg | -1.9% | 6.7% | 18.8% | -10.4% | -3.6% | 8.4% |
| Low | -6.2% | 1.9% | 14.1% | -14.3% | -8.5% | 0.5% |
EPS Forecast
| EPS | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| High | 1.30 | -1.80 | 1.42 | 2.15 | 1.33 | 0.68 | 1.68 |
| Avg | 1.22 | -1.79 | 1.35 | 2.04 | 1.27 | 0.63 | 1.16 |
| Low | 1.15 | -1.78 | 1.28 | 1.90 | 1.20 | 0.57 | 0.84 |
EPS Growth
| EPS Growth | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| High | - | - | 59.3% | -34.5% | -46.3% | 167.8% |
| Avg | - | - | 50.7% | -37.6% | -50.7% | 84.8% |
| Low | - | - | 40.7% | -41.3% | -55.3% | 34.4% |
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.