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Cathay General Bancorp has a consensus price target of $45.14 based on the ratings of 7 analysts. The high is $56 issued by Keefe, Bruyette & Woods on December 4, 2024. The low is $36 issued by Piper Sandler on July 23, 2024. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Wedbush, and Truist Securities on December 4, 2024, October 23, 2024, and September 20, 2024, respectively. With an average price target of $51.67 between Keefe, Bruyette & Woods, Wedbush, and Truist Securities, there's an implied 6.22% upside 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 Keefe, Bruyette & Woods on December 4, 2024. The analyst firm set a price target for $56.00 expecting CATY to rise to within 12 months (a possible 15.13% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Cathay General (NASDAQ:CATY) was provided by Keefe, Bruyette & Woods, and Cathay General maintained their market perform 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 December 4, 2024 so you should expect the next rating to be made available sometime around December 4, 2025.
While ratings are subjective and will change, the latest Cathay General (CATY) rating was a maintained with a price target of $45.00 to $56.00. The current price Cathay General (CATY) is trading at is $48.64, which is within the analyst’s predicted range.
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