Eastern Bankshares, Inc. (EBC)
NASDAQ: EBC · IEX Real-Time Price · USD
16.23
-0.09 (-0.55%)
Jul 19, 2024, 4:00 PM EDT - Market closed
Eastern Bankshares Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Eastern Bankshares stock have an average target of 15, with a low estimate of 14 and a high estimate of 16. The average target predicts a decrease of -7.58% from the current stock price of 16.23.
Analyst Consensus: Buy
* Price targets were last updated on Sep 12, 2023.
Analyst Ratings
The average analyst rating for EBC 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 | Apr '23 | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 1 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | -1.42% | Sep 12, 2023 |
| JP Morgan | JP Morgan | Sell Maintains $13 → $14 | Sell | Maintains | $13 → $14 | -13.74% | Aug 2, 2023 |
| JP Morgan | JP Morgan | Sell Maintains $12 → $13 | Sell | Maintains | $12 → $13 | -19.90% | Jun 29, 2023 |
| JP Morgan | JP Morgan | Hold → Sell Downgrades $20 → $15 | Hold → Sell | Downgrades | $20 → $15 | -7.58% | Jan 31, 2023 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy → Hold Downgrades $17 | Strong Buy → Hold | Downgrades | $17 | +4.74% | Jan 30, 2023 |
Financial Forecast
Revenue This Year
653.13M
from 292.60M
Increased by 123.21%
Revenue Next Year
781.75M
from 653.13M
Increased by 19.69%
EPS This Year
1.17
from 1.43
Decreased by -18.07%
EPS Next Year
1.47
from 1.17
Increased by 25.29%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 690.7M | 826.5M |
| Avg | 653.1M | 781.8M |
| Low | 618.7M | 744.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 136.0% | 26.5% |
| Avg | 123.2% | 19.7% |
| Low | 111.4% | 13.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.23 | 1.60 |
| Avg | 1.17 | 1.47 |
| Low | 1.13 | 1.33 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -14.1% | 36.2% |
| Avg | -18.1% | 25.3% |
| Low | -21.2% | 13.8% |
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.