What To Know About Piper Sandler's Upgrade of Southern First Bancshares
Portfolio Pulse from Benzinga Insights
Piper Sandler has upgraded its rating of Southern First Bancshares (NASDAQ:SFST) to Overweight with a new price target of $44.00, up from the previous $34.00. The upgrade suggests a potential upside of 19.27% from the current share price of $36.89. Southern First Bancshares is a bank holding company with the majority of its revenue coming from its Commercial and Retail Banking segment.
January 03, 2024 | 5:00 pm
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Piper Sandler upgraded Southern First Bancshares to Overweight and raised the price target from $34.00 to $44.00, implying a 19.27% potential increase.
The upgrade by Piper Sandler to an Overweight rating and the increase in price target for Southern First Bancshares are strong positive signals for the stock. Analyst ratings can influence market perception and investor behavior, potentially leading to a short-term increase in the stock price. The significant potential upside of 19.27% from the current price level may attract investor interest and buying pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100