Piper Sandler has revised its price target for Wintrust Financial (WTFC, Financial), reducing it from $145 to $141. Despite the lowered target, the firm maintains an Overweight rating on the stock, reflecting confidence in its robust performance and growth strategy.
The adjustment follows Wintrust Financial's impressive first-quarter results, which highlighted the company's sustainable and high-quality organic growth. This growth is evident on both sides of the balance sheet, showcasing management's dedication to achieving superior operating leverage.
Piper Sandler also noted Wintrust's prudent approach to managing operating expenses, suggesting this strategy will be a positive factor for the company moving forward. Such a disciplined expense management approach is expected to remain a key element of Wintrust's narrative in the future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Wintrust Financial Corp (WTFC, Financial) is $135.77 with a high estimate of $150.00 and a low estimate of $115.00. The average target implies an upside of 27.29% from the current price of $106.66. More detailed estimate data can be found on the Wintrust Financial Corp (WTFC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Wintrust Financial Corp's (WTFC, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wintrust Financial Corp (WTFC, Financial) in one year is $109.69, suggesting a upside of 2.84% from the current price of $106.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wintrust Financial Corp (WTFC) Summary page.
