Discover Financial Services (DFS, Financial) has announced a decline in its delinquency rate for loans overdue by 30 days or more. As of the end of April, the rate dropped to 3.50%, down from 3.66% at the close of March. This reduction may indicate an improvement in borrower payment behaviors, reflecting potentially stronger financial health among its customers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Discover Financial Services (DFS, Financial) is $200.55 with a high estimate of $244.00 and a low estimate of $153.00. The average target implies an upside of 0.22% from the current price of $200.11. More detailed estimate data can be found on the Discover Financial Services (DFS) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Discover Financial Services's (DFS, Financial) average brokerage recommendation is currently 2.6, 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 Discover Financial Services (DFS, Financial) in one year is $154.36, suggesting a downside of 22.86% from the current price of $200.11. 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 Discover Financial Services (DFS) Summary page.
