Truist Securities analyst David Smith has initiated coverage on Synovus Financial (SNV, Financial) with a "Buy" rating. The announcement was made on May 13, 2025. This indicates potential positive outlooks from the analyst regarding the future performance of Synovus Financial (SNV).
Alongside the "Buy" rating, Truist Securities announced a price target of $56.00 USD for Synovus Financial (SNV, Financial). The price target reflects Truist Securities' calculated valuation and growth potential for SNV, although there is no prior price target for comparison.
This initiation of coverage by Truist Securities comes as part of their ongoing analysis of the financial sector, choosing Synovus Financial (SNV, Financial) among their highlighted stocks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Synovus Financial Corp (SNV, Financial) is $55.00 with a high estimate of $64.00 and a low estimate of $46.00. The average target implies an upside of 11.04% from the current price of $49.53. More detailed estimate data can be found on the Synovus Financial Corp (SNV) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Synovus Financial Corp's (SNV, 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 Synovus Financial Corp (SNV, Financial) in one year is $46.59, suggesting a downside of 5.94% from the current price of $49.53. 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 Synovus Financial Corp (SNV) Summary page.
