Breaking Down Ameris: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the last three months, 4 analysts have published ratings on Ameris (NYSE:ABCB), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $68.5, with a high estimate of $76.00 and a low estimate of $64.00. Analysts from Truist Securities, DA Davidson, Keefe, Bruyette & Woods, and Stephens & Co. have all raised their ratings and price targets for Ameris. The company has shown strong financial performance with a 16.5% revenue growth rate, a 30.28% net margin, and a low debt-to-equity ratio of 0.3.
July 29, 2024 | 9:01 pm
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Analysts have shown increased bullish sentiment towards Ameris (NYSE:ABCB) with raised ratings and price targets. The average 12-month price target is now $68.5, up from $56.75. The company has demonstrated strong financial performance with a 16.5% revenue growth rate, a 30.28% net margin, and a low debt-to-equity ratio of 0.3.
The increased bullish sentiment from multiple analysts, along with raised price targets, indicates a positive outlook for Ameris. The company's strong financial performance, including significant revenue growth and high net margin, supports this positive sentiment. These factors are likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100