Evercore (EVR, Financial) has received an update from Keefe, Bruyette & Woods analyst Aidan Hall, who has maintained the stock's "Outperform" rating while raising the price target. The new price target has been set at $257.00, an increase from the previous target of $238.00.
This adjustment marks a notable change with a 7.98% increase in the price target. The "Outperform" rating suggests that the analyst expects Evercore (EVR, Financial) to exceed the average performance of the market. This development comes as part of the regular assessment process by Keefe, Bruyette & Woods to evaluate market conditions and company performance.
Investors may view the increased price target as a positive indicator of the company's potential future earnings and performance. The updated target highlights a positive outlook for Evercore (EVR, Financial) amidst an ever-evolving financial landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Evercore Inc (EVR, Financial) is $222.75 with a high estimate of $257.00 and a low estimate of $175.00. The average target implies an downside of 5.29% from the current price of $235.19. More detailed estimate data can be found on the Evercore Inc (EVR) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Evercore Inc's (EVR, Financial) average brokerage recommendation is currently 2.2, 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 Evercore Inc (EVR, Financial) in one year is $187.47, suggesting a downside of 20.29% from the current price of $235.185. 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 Evercore Inc (EVR) Summary page.
