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Cathay General Bancorp has a consensus price target of $43 based on the ratings of 7 analysts. The high is $52 issued by Wedbush on October 23, 2024. The low is $36 issued by Piper Sandler on July 23, 2024. The 3 most-recent analyst ratings were released by Wedbush, Truist Securities, and Truist Securities on October 23, 2024, September 20, 2024, and July 24, 2024, respectively. With an average price target of $48 between Wedbush, Truist Securities, and Truist Securities, there's an implied -7.71% downside for Cathay General Bancorp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cathay General (NASDAQ:CATY) was reported by Wedbush on October 23, 2024. The analyst firm set a price target for $52.00 expecting CATY to fall to within 12 months (a possible -0.02% downside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Cathay General (NASDAQ:CATY) was provided by Wedbush, and Cathay General maintained their outperform rating.
There is no last upgrade for Cathay General
The last downgrade for Cathay General Bancorp happened on November 6, 2023 when Piper Sandler changed their price target from N/A to $31 for Cathay General Bancorp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cathay General, 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 Cathay General 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 Cathay General (CATY) rating was a maintained with a price target of $50.00 to $52.00. The current price Cathay General (CATY) is trading at is $52.01, which is out of the analyst’s predicted range.
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