Heartland Financial USA, Inc. (HTLF)

Heartland Financial USA Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for HTLF stock have an average target of 45.6, with a low estimate of 41 and a high estimate of 54. The average target predicts an increase of 2.40% from the current stock price of 44.53.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$41	$45.6	$45	$54
Change	-7.93%	+2.40%	+1.06%	+21.27%

* Price targets were last updated on May 31, 2024.

Analyst Ratings

The average analyst rating for HTLF stock from 5 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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	0	1	1	1	1	1
Buy	2	2	2	2	3	3
Hold	2	2	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $51 → $54	Hold → Buy	Upgrades	$51 → $54	+21.27%	May 31, 2024
Jeff Rulis DA Davidson	DA Davidson	Hold Maintains $36 → $45	Hold	Maintains	$36 → $45	+1.06%	Apr 30, 2024
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $41 → $51	Hold	Maintains	$41 → $51	+14.53%	Apr 30, 2024
David Long Raymond James	Raymond James	Hold → Strong Buy Upgrades $41	Hold → Strong Buy	Upgrades	$41	-7.93%	Feb 29, 2024
Terry McEvoy Stephens & Co.	Stephens & Co.	Buy Reiterates $45	Buy	Reiterates	$45	+1.06%	Jan 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

744.84M

Increased by 33.34%

from 558.60M

Revenue Next Year

759.49M

Increased by 1.97%

from 744.84M

EPS This Year

4.57

Increased by 172.14%

from 1.68

EPS Next Year

4.77

Increased by 4.29%

from 4.57

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	533.28M	544.95M	707.07M	711.13M	558.60M	744.84M	759.49M
Revenue Growth	6.85%	2.19%	29.75%	0.57%	-21.45%	33.34%	1.97%
EPS	4.14	3.57	5.00	4.79	1.68	4.57	4.77
EPS Growth	17.61%	-13.77%	40.06%	-4.20%	-64.93%	172.14%	4.29%
Forward PE	-	-	-	-	-	9.74	9.34
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	772.9M	793.3M
Avg	744.8M	759.5M
Low	709.5M	716.4M

Revenue Growth

Revenue Growth	2024	2025
High	38.4%	6.5%
Avg	33.3%	2.0%
Low	27.0%	-3.8%

EPS Forecast

EPS	2024	2025
High	4.85	5.20
Avg	4.57	4.77
Low	4.17	4.46

EPS Growth

EPS Growth	2024	2025
High	188.8%	13.7%
Avg	172.1%	4.3%
Low	148.5%	-2.5%

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.