Eastern Bankshares, Inc. (EBC)
NASDAQ: EBC · IEX Real-Time Price · USD
13.07
-0.02 (-0.11%)
Apr 24, 2024, 1:09 PM EDT - Market open
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 an increase of 14.81% from the current stock price of 13.07.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | +22.46% | Sep 12, 2023 |
| JP Morgan | JP Morgan | Sell Maintains $13 → $14 | Sell | Maintains | $13 → $14 | +7.16% | Aug 2, 2023 |
| JP Morgan | JP Morgan | Sell Maintains $12 → $13 | Sell | Maintains | $12 → $13 | -0.50% | Jun 29, 2023 |
| JP Morgan | JP Morgan | Hold → Sell Downgrades $20 → $15 | Hold → Sell | Downgrades | $20 → $15 | +14.81% | Jan 31, 2023 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy → Hold Downgrades $17 | Strong Buy → Hold | Downgrades | $17 | +30.12% | Jan 30, 2023 |
Financial Forecast
Revenue This Year
674.20M
from 292.60M
Increased by 130.41%
Revenue Next Year
786.97M
from 674.20M
Increased by 16.73%
EPS This Year
1.18
from 1.43
Decreased by -17.79%
EPS Next Year
1.51
from 1.18
Increased by 28.65%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 708.8M | 829.5M |
| Avg | 674.2M | 787.0M |
| Low | 639.8M | 748.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 142.2% | 23.0% |
| Avg | 130.4% | 16.7% |
| Low | 118.7% | 11.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.26 | 1.65 |
| Avg | 1.18 | 1.51 |
| Low | 1.10 | 1.33 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -11.7% | 40.2% |
| Avg | -17.8% | 28.7% |
| Low | -23.2% | 13.4% |
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.