On May 21, 2025, Jefferies analyst David Chiaverini announced the initiation of coverage on SouthState (SSB, Financial) with a 'Buy' rating. This move marks the beginning of Jefferies' analytical tracking of the stock.
The financial services giant has set a price target of $110.00 USD for SouthState (SSB, Financial). This newly assigned price target follows the initiation of coverage, as the company had no prior price target or rating from Jefferies.
The coverage initiation highlights the interest and confidence that Jefferies places in SouthState (SSB, Financial), reflecting an optimistic outlook for the stock based on the available data. Investors should note the analyst's decision to start tracking the stock at this juncture and consider the implications of the 'Buy' recommendation.
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 24.65% from the current price of $90.58. 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 $100.37, suggesting a upside of 10.81% from the current price of $90.58. 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.
