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Cadence Bank has a consensus price target of $34.08 based on the ratings of 13 analysts. The high is $39 issued by DA Davidson on July 24, 2024. The low is $29 issued by Jefferies on July 3, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, RBC Capital, and Barclays on August 5, 2024, July 24, 2024, and July 24, 2024, respectively. With an average price target of $34.67 between Morgan Stanley, RBC Capital, and Barclays, there's an implied 5.79% upside for Cadence Bank from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cadence Bank (NYSE:CADE) was reported by Morgan Stanley on August 5, 2024. The analyst firm set a price target for $36.00 expecting CADE to rise to within 12 months (a possible 9.86% upside). 28 analyst firms have reported ratings in the last year.
The latest analyst rating for Cadence Bank (NYSE:CADE) was provided by Morgan Stanley, and Cadence Bank maintained their equal-weight rating.
The last upgrade for Cadence Bank happened on December 9, 2021 when Janney Montgomery Scott raised their price target to $35. Janney Montgomery Scott previously had a neutral for Cadence Bank.
The last downgrade for Cadence Bank happened on July 24, 2024 when Piper Sandler changed their price target from $33 to $34 for Cadence Bank.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cadence Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cadence Bank was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Cadence Bank (CADE) rating was a maintained with a price target of $30.00 to $36.00. The current price Cadence Bank (CADE) is trading at is $32.77, which is within the analyst’s predicted range.
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