Analyst Scoreboard: 4 Ratings For First Citizens BancShares
Portfolio Pulse from Benzinga Insights
First Citizens BancShares (NASDAQ:FCNCA) received mixed analyst ratings with 2 bullish, 1 somewhat bullish, and 1 indifferent over the past three months. The average 12-month price target is $1788.5, reflecting a 10.27% increase from the previous target of $1622. Analysts from DA Davidson, Goldman Sachs, UBS, and Wedbush have adjusted their ratings and price targets, indicating a positive outlook on FCNCA's performance. The company has shown significant revenue growth, a high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.
April 15, 2024 | 7:01 pm
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First Citizens BancShares received mixed ratings but a positive adjustment in price targets, indicating a bullish outlook from analysts. The company's strong financial performance, including significant revenue growth and high net margin, supports a positive short-term impact.
The mix of bullish and somewhat bullish ratings, along with the increase in the average price target, suggests analysts are optimistic about FCNCA's future performance. The company's impressive revenue growth and profitability metrics further support this view. However, the high debt-to-equity ratio is a concern that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100