11 Analysts Assess Webster Finl: What You Need To Know
Portfolio Pulse from Benzinga Insights
11 analysts have recently evaluated Webster Financial Corp (NYSE:WBS), showing a mix of bullish and bearish sentiments with an average 12-month price target of $61.64, up from $56.25. The company faces challenges with a -9.9% revenue decline and below-industry market capitalization but excels in net margin, ROE, and ROA. Analysts' ratings range from 'Overweight' to 'Outperform', with several price target adjustments reflecting their changing views on the company's performance.
March 08, 2024 | 5:00 pm
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POSITIVE IMPACT
Webster Financial Corp faces mixed analyst sentiments but shows strong profitability metrics despite revenue challenges. The average price target has been raised to $61.64.
The mixed analyst ratings with a trend towards bullish sentiments, especially with the raised average price target, suggest a positive outlook for WBS in the short term. Despite the revenue decline, the company's strong profitability metrics such as net margin, ROE, and ROA indicate a solid financial foundation, which could reassure investors and potentially drive the stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100