Analyst Ratings for East West Bancorp
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) received positive analyst ratings in the last quarter, with 5 bullish, 1 somewhat bullish, and 1 indifferent rating. No somewhat bearish or bearish ratings were reported. The average 12-month price target for EWBC is $65.43, with a high of $75.00 and a low of $57.00. This target has increased by 8.69% from the previous average of $60.20. Analyst ratings are based on information from company calls, financial statements, and insider conversations, and they provide guidance on stock performance.
December 01, 2023 | 5:00 pm
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POSITIVE IMPACT
East West Bancorp has received predominantly positive ratings from analysts, with an upward revision in the average price target to $65.43, suggesting a bullish outlook for the stock.
The positive analyst ratings and the increase in the average price target for EWBC suggest that analysts have a favorable view of the company's future performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100