A Glimpse Into The Expert Outlook On Huntington Bancshares Through 13 Analysts
Portfolio Pulse from Benzinga Insights
Huntington Bancshares (NASDAQ:HBAN) has been analyzed by 13 analysts, showing a diverse range of perspectives with recent ratings ranging from bullish to indifferent. The average 12-month price target is $15.42, indicating a 9.44% increase from the previous target. Analysts from firms like RBC Capital, Jefferies, and B of A Securities have raised their price targets, reflecting a positive outlook on HBAN's performance despite its challenges in revenue growth, net margin, and debt management.
April 22, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Huntington Bancshares has received mixed analyst ratings but a generally positive adjustment in price targets, suggesting optimism about its future performance despite recent financial challenges.
The increase in the average price target by analysts from reputable firms indicates a positive outlook on HBAN's stock, despite its recent -9.33% decline in revenue growth and below-average profitability metrics. The adjustments in price targets and ratings reflect analysts' optimism about HBAN's ability to overcome its current challenges, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100