Eastern Bankshares, Inc. (EBC)
NASDAQ: EBC · Real-Time Price · USD
17.26
+0.47 (2.80%)
Dec 20, 2024, 4:00 PM EST - 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 19.75, with a low estimate of 18.5 and a high estimate of 21. The average target predicts an increase of 14.43% from the current stock price of 17.26.
Analyst Consensus: Buy
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $19 → $21 | Buy | Maintains | $19 → $21 | +21.67% | Dec 4, 2024 |
| JP Morgan | JP Morgan | Sell → Hold Upgrades $14 → $19 | Sell → Hold | Upgrades | $14 → $19 | +7.18% | Aug 6, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $17 → $19 | Buy | Reiterates | $17 → $19 | +10.08% | Jul 29, 2024 |
| Seaport Global | Seaport Global | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | -7.30% | Sep 12, 2023 |
| JP Morgan | JP Morgan | Sell Maintains $13 → $14 | Sell | Maintains | $13 → $14 | -18.89% | Aug 2, 2023 |
Financial Forecast
Revenue This Year
611.03M
Revenue Next Year
758.15M
from 611.03M
Increased by 24.08%
EPS This Year
0.99
from 1.43
Decreased by -30.43%
EPS Next Year
1.32
from 0.99
Increased by 32.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 638.7M | 807.6M | 871.4M |
| Avg | 611.0M | 758.2M | 809.2M |
| Low | 589.6M | 717.6M | 757.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 32.2% | 14.9% |
| Avg | - | 24.1% | 6.7% |
| Low | - | 17.4% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.06 | 1.42 | 1.65 |
| Avg | 0.99 | 1.32 | 1.50 |
| Low | 0.93 | 1.24 | 1.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -25.6% | 42.9% | 25.1% |
| Avg | -30.4% | 32.8% | 13.8% |
| Low | -34.7% | 25.3% | 7.1% |
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.