Prosperity Bancshares (PB, Financial) has recently come into focus as Jefferies, a well-regarded financial services company, has initiated coverage on the stock. Analyst David Chiaverini has assigned a 'Buy' rating to PB, indicating a positive outlook for the company's future performance in the market.
In conjunction with the new coverage, Jefferies has announced a price target of $85.00 USD for Prosperity Bancshares (PB, Financial), suggesting potential gains for investors considering the current trading conditions.
The initiation of coverage by Jefferies, marked on May 21, 2025, is a significant development for Prosperity Bancshares (PB, Financial), providing fresh insights into its market potential. The 'Buy' rating is a notable endorsement and may influence investor confidence in the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Prosperity Bancshares Inc (PB, Financial) is $81.42 with a high estimate of $90.00 and a low estimate of $77.00. The average target implies an upside of 13.14% from the current price of $71.96. More detailed estimate data can be found on the Prosperity Bancshares Inc (PB) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Prosperity Bancshares Inc's (PB, 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 Prosperity Bancshares Inc (PB, Financial) in one year is $80.28, suggesting a upside of 11.56% from the current price of $71.96. 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 Prosperity Bancshares Inc (PB) Summary page.
