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Cadence Bank has a consensus price target of $35.07 based on the ratings of 14 analysts. The high is $40 issued by DA Davidson on October 23, 2024. The low is $29 issued by Jefferies on July 3, 2024. The 3 most-recent analyst ratings were released by RBC Capital, DA Davidson, and Truist Securities on October 23, 2024, respectively. With an average price target of $38 between RBC Capital, DA Davidson, and Truist Securities, there's an implied -2.26% downside 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 RBC Capital on October 23, 2024. The analyst firm set a price target for $36.00 expecting CADE to fall to within 12 months (a possible -7.41% downside). 30 analyst firms have reported ratings in the last year.
The latest analyst rating for Cadence Bank (NYSE:CADE) was provided by RBC Capital, and Cadence Bank maintained their sector perform rating.
The last upgrade for Cadence Bank happened on September 30, 2024 when Morgan Stanley raised their price target to $39. Morgan Stanley previously had an equal-weight 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 October 23, 2024 so you should expect the next rating to be made available sometime around October 23, 2025.
While ratings are subjective and will change, the latest Cadence Bank (CADE) rating was a maintained with a price target of $35.00 to $36.00. The current price Cadence Bank (CADE) is trading at is $38.88, which is out of the analyst’s predicted range.
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