Eastern Bankshares Inc has a consensus price target of $18.6 based on the ratings of 5 analysts. The high is $22.5 issued by JP Morgan on July 1, 2022. The low is $16 issued by Seaport Global on September 12, 2023. The 3 most-recent analyst ratings were released by JP Morgan, Keefe, Bruyette & Woods, and Seaport Global on August 6, 2024, July 29, 2024, and September 12, 2023, respectively. With an average price target of $17.83 between JP Morgan, Keefe, Bruyette & Woods, and Seaport Global, there's an implied -3.76% downside for Eastern Bankshares Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Eastern Bankshares (NASDAQ:EBC) was reported by JP Morgan on August 6, 2024. The analyst firm set a price target for $18.50 expecting EBC to fall to within 12 months (a possible -0.16% downside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for Eastern Bankshares (NASDAQ:EBC) was provided by JP Morgan, and Eastern Bankshares upgraded their neutral rating.
The last upgrade for Eastern Bankshares Inc happened on August 6, 2024 when JP Morgan raised their price target to $18.5. JP Morgan previously had an underweight for Eastern Bankshares Inc.
The last downgrade for Eastern Bankshares Inc happened on January 31, 2023 when JP Morgan changed their price target from $19.5 to $15 for Eastern Bankshares Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Eastern Bankshares, 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 Eastern Bankshares was filed on August 6, 2024 so you should expect the next rating to be made available sometime around August 6, 2025.
While ratings are subjective and will change, the latest Eastern Bankshares (EBC) rating was a upgraded with a price target of $14.00 to $18.50. The current price Eastern Bankshares (EBC) is trading at is $18.53, which is out of the analyst’s predicted range.
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