In a key development, UBS has upgraded its rating on Corebridge Financial (CRBG, Financial) from "Sell" to "Neutral". This change in stance comes with an adjusted price target, now set at $37.00, which represents a significant increase from the previous target of $28.00.
The updated price target for Corebridge Financial (CRBG, Financial) indicates a 32.14% increase over the prior estimate. The revision was made by analyst Michael Ward, emphasizing a more optimistic outlook for the stock's valuation.
This development has drawn attention to Corebridge Financial (CRBG, Financial) in the stock market, as investors consider the upgraded rating and new price target set by UBS.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Corebridge Financial Inc (CRBG, Financial) is $39.75 with a high estimate of $45.00 and a low estimate of $35.00. The average target implies an upside of 15.02% from the current price of $34.56. More detailed estimate data can be found on the Corebridge Financial Inc (CRBG) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Corebridge Financial Inc's (CRBG, Financial) average brokerage recommendation is currently 2.1, 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 Corebridge Financial Inc (CRBG, Financial) in one year is $28.05, suggesting a downside of 18.84% from the current price of $34.56. 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 Corebridge Financial Inc (CRBG) Summary page.
