Truist has recently started its analysis of Associated Banc-Corp (ASB, Financial), assigning the stock a Hold rating and setting a price target of $26. The bank's recent financial performance indicates positive progress, yet it is still viewed as a developing story due to its ongoing balance sheet restructuring strategy. This transformation is expected to require additional time to fully manifest, according to the analyst's assessment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Associated Banc-Corp (ASB, Financial) is $26.44 with a high estimate of $29.00 and a low estimate of $24.00. The average target implies an upside of 8.47% from the current price of $24.38. More detailed estimate data can be found on the Associated Banc-Corp (ASB) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Associated Banc-Corp's (ASB, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" 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 Associated Banc-Corp (ASB, Financial) in one year is $25.79, suggesting a upside of 5.78% from the current price of $24.38. 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 Associated Banc-Corp (ASB) Summary page.
