The Latest Analyst Ratings For Valley Ntl
Portfolio Pulse from Benzinga Insights
Valley National Bancorp (NASDAQ:VLY) received mixed analyst ratings with a shift towards a more cautious outlook. The average 12-month price target was adjusted to $9.21 from $10.83, indicating a 14.96% decrease. Analysts from firms like Wedbush, RBC Capital, JP Morgan, Citigroup, Barclays, and Morgan Stanley have updated their ratings and price targets, reflecting concerns over the company's recent performance, including a -13.22% revenue decline and challenges in profitability and debt management.
April 26, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Valley National Bancorp's stock may face short-term pressure due to the lowered average price target and mixed analyst ratings amid revenue decline and profitability challenges.
The reduction in the average price target by analysts, combined with the company's reported revenue decline and below-average profitability metrics, suggests a cautious or negative outlook for VLY in the short term. Analysts' adjustments reflect concerns over the company's financial health and market position, likely influencing investor sentiment and potentially leading to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100