Raymond James Maintains Outperform Rating for OceanFirst Financial: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has reaffirmed its Outperform rating on OceanFirst Financial (NASDAQ:OCFC) and increased its price target from $21.00 to $22.00. OceanFirst Financial's stock is currently up 1.82% at $17.91, and the new price target suggests a potential upside of 22.84%. OceanFirst Financial operates in the banking sector, focusing on retail and business deposits, residential mortgage loans, commercial real estate loans, and services like bank card and wealth management.
January 22, 2024 | 5:00 pm
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Raymond James maintains Outperform rating on OceanFirst Financial and raises price target to $22. The stock has risen 1.82% and the new target indicates a 22.84% potential increase.
The reaffirmation of the Outperform rating and the raised price target by Raymond James are strong positive signals for investors, suggesting analyst confidence in the company's future performance. The increase in price target to $22 represents a significant potential upside from the current trading price, which could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100