Bank of America has adjusted its price target for Intercorp Financial (IFS, Financial), raising it from $40 to $43. This decision comes in light of the company's first-quarter results, which surpassed projections. The firm's insurance division played a pivotal role, capturing significant attention. Analysts at BofA maintain a Buy rating on IFS shares, expressing confidence that the company's earnings recovery is proceeding as anticipated.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Intercorp Financial Services Inc (IFS, Financial) is $39.95 with a high estimate of $40.00 and a low estimate of $39.90. The average target implies an upside of 15.66% from the current price of $34.54. More detailed estimate data can be found on the Intercorp Financial Services Inc (IFS) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Intercorp Financial Services Inc's (IFS, Financial) average brokerage recommendation is currently 1.3, indicating "Buy" 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 Intercorp Financial Services Inc (IFS, Financial) in one year is $28.20, suggesting a downside of 18.36% from the current price of $34.54. 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 Intercorp Financial Services Inc (IFS) Summary page.
