Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial
Thank you for registering! Take a moment to confirm your subscription to Insider Trades Newsletter so that you can access MarketBeat's tools, reports, and news. Please click the "Send Confirmation Email" button and we'll send you an email with confirmation instructions.

Eastern Bankshares (EBC) Stock Forecast & Price Target

$14.19
-0.22 (-1.53%)
(As of 12:16 PM ET)

Eastern Bankshares - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 3 Analyst Ratings

Consensus Price Target

$15.25
7.47% Upside
High Forecast$16.50
Average Forecast$15.25
Low Forecast$14.00
TypeCurrent Forecast
5/21/23 to 5/20/24
1 Month Ago
4/21/23 to 4/20/24
3 Months Ago
2/20/23 to 2/20/24
1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Hold
Hold
Hold
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
0 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$15.25$15.25$15.25$17.17
Forecasted Upside7.47% Upside9.42% Upside9.42% Upside8.57% Upside

EBC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

EBC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Eastern Bankshares Stock vs. The Competition

TypeEastern BanksharesFinance CompaniesS&P 500
Consensus Rating Score
2.33
2.44
2.49
Consensus RatingHoldHoldHold
Predicted Upside7.47% Upside55.73% Upside7.71% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/26/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating
D. Delmonte
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOutperform
9/20/2023Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$15.00 ➝ $16.50+22.86%
9/12/2023Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating
L. Hunsicker
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy
8/2/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetUnderweight ➝ Underweight$13.00 ➝ $14.00-1.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:33 PM ET.

EBC Frequently Asked Questions

What is Eastern Bankshares's stock forecast and purchase recommendation?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Eastern Bankshares is $15.25, with a high forecast of $16.50 and a low forecast of $14.00. The consensus rating for Eastern Bankshares stock is Hold based on the current 1 sell rating and 2 buy ratings for EBC. Learn more on EBC's analyst rating history.

Do Wall Street analysts like Eastern Bankshares more than its competitors?

Analysts like Eastern Bankshares less than other "finance" companies. The consensus rating score for Eastern Bankshares is 2.33 while the average consensus rating score for "finance" companies is 2.44. Learn more on how EBC compares to other companies.

Does Eastern Bankshares's stock price have much upside?

According to analysts, Eastern Bankshares's stock has a predicted upside of 9.42% based on their 12-month stock forecasts.


Stock Forecasts and Research Tools

This page (NASDAQ:EBC) was last updated on 5/20/2024 by MarketBeat.com Staff

From Our Partners