Cracking The Code: Understanding Analyst Reviews For East West Bancorp
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on East West Bancorp (NASDAQ:EWBC) with recent ratings showing a shift towards bullish sentiment. The average 12-month price target has increased to $101.62. Despite a decline in revenue, the company maintains strong profitability and financial performance metrics.
October 23, 2024 | 1:00 pm
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East West Bancorp has received mixed analyst ratings, with a recent shift towards bullish sentiment. The average price target has increased to $101.62, indicating positive expectations. However, the company faces revenue challenges, with a decline of 1.41% over the past three months.
The increase in the average price target and the shift towards more bullish ratings suggest positive short-term sentiment among analysts. Despite a decline in revenue, the company's strong profitability metrics support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100