Truist Securities, under the guidance of analyst Brandon King, has initiated coverage on SouthState Corporation (SSB, Financial) as of May 13, 2025. The firm has assigned a "Buy" rating to the stock, indicating a positive outlook on its future performance.
Alongside the new coverage, Truist Securities has announced a price target of USD 106.00 for SouthState (SSB, Financial). This valuation reflects a detailed analysis by the firm and sets a benchmark for potential investors considering this stock.
The decision to begin coverage on SouthState (SSB, Financial) with a "Buy" rating suggests confidence in the company's operations and growth potential, as perceived by Truist Securities. Investors and market observers are advised to keep an eye on SouthState's (SSB) developments following this new analyst action.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for SouthState Corp (SSB, Financial) is $112.91 with a high estimate of $120.00 and a low estimate of $97.00. The average target implies an upside of 23.72% from the current price of $91.27. More detailed estimate data can be found on the SouthState Corp (SSB) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, SouthState Corp's (SSB, Financial) average brokerage recommendation is currently 1.9, 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 SouthState Corp (SSB, Financial) in one year is $100.40, suggesting a upside of 10.01% from the current price of $91.265. 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 SouthState Corp (SSB) Summary page.
