Fifth Third Bancorp Fair Value Target Raised to US$58.18 After Analyst Revisions

Analyst

โดย Simply Wall St·Read original

Summary · why it matters

Fifth Third Bancorp's modeled fair value price target has been raised to US$58.18 from US$57.42, reflecting updated analyst assumptions. The revision follows mixed target changes from Wall Street, with Truist raising its target to US$60 and Baird to US$58, citing better-than-expected Q2 expenses and credit trends, while Morgan Stanley, Piper Sandler, Evercore ISI, and BofA have lowered their targets at various points. The fair value update incorporates a revenue growth assumption of 22.15%, up from 21.93%, a net profit margin of 26.81%, down from 26.89%, and a future P/E multiple of 18.04x, up from 17.86x, with the discount rate held essentially unchanged at 7.11%.

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