In a recent update, Truist has revised its price target for Discover Financial Services (DFS, Financial), increasing it from $219 to $229. This change comes in the wake of the company's robust first-quarter results. Truist maintains its Buy rating on the stock, suggesting continued confidence in Discover's financial outlook.
The decision to elevate the price target follows a thorough analysis of Discover's Q1 performance, where the company exceeded expectations in several key areas. Notably, Discover showed strength in managing provisions and displayed a solid net interest margin, both of which contributed positively to its overall financial results. This analysis is part of Truist's broader review of companies operating in the consumer finance sector.
With Discover (DFS, Financial) demonstrating resilience and potential for growth, investors are advised to consider these factors in their continued evaluation of the stock's performance and future prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Discover Financial Services (DFS, Financial) is $200.00 with a high estimate of $240.00 and a low estimate of $153.00. The average target implies an upside of 6.69% from the current price of $187.46. More detailed estimate data can be found on the Discover Financial Services (DFS) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Discover Financial Services's (DFS, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Discover Financial Services (DFS, Financial) in one year is $153.55, suggesting a downside of 18.09% from the current price of $187.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Discover Financial Services (DFS) Summary page.
