Provident Financial Services, Inc. (PFS, Financial) has garnered attention as Raymond James initiated coverage on the stock with a "Strong Buy" rating. The announcement comes from analyst Steve Moss, reflecting a positive outlook on the stock.
The current price target for PFS is set at $21.00 USD, as announced on June 26, 2025. This marks Raymond James' initial coverage of the stock, providing a bullish prospect for potential investors.
This initiation by Raymond James highlights the financial services firm's confidence in Provident Financial Services (PFS, Financial) as a worthwhile investment opportunity. Investors may find this new coverage and the associated "Strong Buy" rating a compelling reason to consider adding PFS to their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Provident Financial Services Inc (PFS, Financial) is $21.25 with a high estimate of $23.00 and a low estimate of $18.00. The average target implies an upside of 20.60% from the current price of $17.62. More detailed estimate data can be found on the Provident Financial Services Inc (PFS) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Provident Financial Services Inc's (PFS, 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 Provident Financial Services Inc (PFS, Financial) in one year is $16.59, suggesting a downside of 5.85% from the current price of $17.62. 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 Provident Financial Services Inc (PFS) Summary page.
