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Prosperity Bancshares Inc has a consensus price target of $77.24 based on the ratings of 19 analysts. The high is $91 issued by Morgan Stanley on December 6, 2021. The low is $68 issued by Citigroup on December 1, 2023. The 3 most-recent analyst ratings were released by RBC Capital, Wedbush, and Barclays on October 24, 2024, respectively. With an average price target of $81 between RBC Capital, Wedbush, and Barclays, there's an implied -0.86% downside for Prosperity Bancshares Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Prosperity Bancshares (NYSE:PB) was reported by RBC Capital on October 24, 2024. The analyst firm set a price target for $77.00 expecting PB to fall to within 12 months (a possible -5.75% downside). 26 analyst firms have reported ratings in the last year.
The latest analyst rating for Prosperity Bancshares (NYSE:PB) was provided by RBC Capital, and Prosperity Bancshares reiterated their sector perform rating.
The last upgrade for Prosperity Bancshares Inc happened on September 24, 2024 when Wedbush raised their price target to $90. Wedbush previously had a neutral for Prosperity Bancshares Inc.
The last downgrade for Prosperity Bancshares Inc happened on October 15, 2024 when DA Davidson changed their price target from $80 to $78 for Prosperity Bancshares Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Prosperity Bancshares, 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 Prosperity Bancshares was filed on October 24, 2024 so you should expect the next rating to be made available sometime around October 24, 2025.
While ratings are subjective and will change, the latest Prosperity Bancshares (PB) rating was a reiterated with a price target of $77.00 to $77.00. The current price Prosperity Bancshares (PB) is trading at is $81.70, which is out of the analyst’s predicted range.
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