SNV Price Prediction Next Week
Prediction and Recommendation for Synovus Financial Corp (SNV)
News Analysis:
- Earnings Performance: Synovus Financial Corp (SNV) reported strong fourth-quarter 2024 earnings, with adjusted EPS of $1.25, surpassing the consensus estimate of $1.16. This reflects positive financial performance and operational efficiency.
- Challenges: Despite strong earnings, the company faces challenges such as rising non-performing loans, which could impact future credit quality.
Technical Indicators Analysis:
- RSI: The Relative Strength Index (RSI) for SNV is 10.44 (6-period), 20.90 (12-period), and 23.68 (14-period), all below 30, indicating the stock is in oversold territory.
- Stochastic Oscillator: The Stochastic K (10.16) and D (11.55) lines are also in oversold territory, suggesting a potential reversal.
- MACD: The MACD line (-1.80) is below the signal line (-0.71), indicating bearish momentum, but the MACD histogram (-1.10) shows a weakening bearish trend.
- Moving Averages: The stock is below the 20, 50, 60, 200, and 250-day moving averages, indicating a bearish trend.
- Bollinger Bands: The stock is near the lower Bollinger Band (43.71), suggesting it may be undervalued or due for a bounce.
- Fibonacci Levels: Support at 44.55 and resistance at 52.32.
Price Prediction:
Based on the oversold conditions and potential for a technical bounce, the stock is expected to rebound slightly. The target price for the next trading week is $48.00.
Recommendation:
Buy Synovus Financial Corp (SNV) at the current price of $45.16, targeting a short-term rebound to $48.00. The stock's oversold conditions and positive earnings suggest a potential upside.
SNV Similar Chart Price Prediction
The price of SNV is predicted to go up -1.47%, based on the high correlation periods with WBS. The similarity of these two price pattern on the periods is 99.03%.
SNV
WBS
Down: -1.47%Similarity: 99.03%
SNV Revenue Forecast
SNV EPS Forecast
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SNV Analyst's Forecast
Manan Gosalia
Morgan Stanley
Hold
2025-03-13
Price Target
$67 → $59
Upside
+33.54%
Morgan Stanley analyst Manan Gosalia lowered the firm's price target on Synovus to $59 from $67 and keeps an Equal Weight rating on the shares. The firm is reducing its estimates on Midcap Banks in North America under its coverage given higher uncertainty and slower economic growth outlook, the analyst tells investors. Trade and tariff policy changes are occurring sooner and more forcefully than previously anticipated, Morgan Stanley states. Additionally, the firm notes a slower pace of economic growth and higher level of policy uncertainty is a headwind for the sector, leading to many price target cuts in the group.
Benjamin Gerlinger
Citigroup
Strong Buy
2025-01-17
Price Target
$59 → $62
Upside
+13.53%
Anthony Elian
JP Morgan
Buy
2025-01-07
Price Target
$63 → $61
Upside
+15.41%
