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Cadence Bank (CADE) Stock Forecast & Price Target

$26.93
-0.25 (-0.92%)
(As of 06/14/2024 ET)

Cadence Bank - 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

Moderate Buy
Based on 12 Analyst Ratings

Consensus Price Target

$31.09
15.45% Upside
High Forecast$34.00
Average Forecast$31.09
Low Forecast$27.00
TypeCurrent Forecast
6/16/23 to 6/15/24
1 Month Ago
5/17/23 to 5/16/24
3 Months Ago
3/18/23 to 3/17/24
1 Year Ago
6/16/22 to 6/16/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$31.09$31.09$28.71$26.90
Forecasted Upside15.45% Upside12.11% Upside13.01% Upside20.05% Upside
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CADE 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.
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CADE 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.
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Cadence Bank Stock vs. The Competition

TypeCadence BankFinance CompaniesS&P 500
Consensus Rating Score
2.67
2.44
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside15.45% Upside64.36% Upside12.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/24/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$28.00 ➝ $29.00-0.17%
4/24/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$32.00 ➝ $33.00+13.48%
4/24/2024Hovde Group
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 UpgradeMarket Perform ➝ Outperform$32.50 ➝ $33.00+14.21%
4/23/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$33.00+14.98%
4/9/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$31.00+9.85%
4/8/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$30.00 ➝ $29.00+3.24%
4/1/2024Truist Financial
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 Boost TargetBuy ➝ Buy$32.00 ➝ $33.00+13.79%
2/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$24.00 ➝ $27.00+5.72%
1/31/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$35.00 ➝ $34.00+20.27%
1/15/2024DA Davidson
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G. Tenner
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Reiterated RatingBuy
12/29/2023Citigroup
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 Boost TargetNeutral ➝ Neutral$27.00 ➝ $32.00+7.38%
10/25/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$30.00 ➝ $28.00+37.12%
3/15/2023UBS Group
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 Initiated CoverageSell$21.00-2.51%
11/17/2022Janney Montgomery Scott
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 DowngradeBuy ➝ Neutral$29.00 ➝ $30.00+5.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:41 AM ET.

CADE Frequently Asked Questions

What is Cadence Bank's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Cadence Bank is $31.09, with a high forecast of $34.00 and a low forecast of $27.00. The consensus rating for Cadence Bank stock is Moderate Buy based on the current 5 hold ratings, 6 buy ratings and 1 strong buy rating for CADE. Learn more on CADE's analyst rating history.

Do Wall Street analysts like Cadence Bank more than its competitors?

Analysts like Cadence Bank more than other "finance" companies. The consensus rating for Cadence Bank is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how CADE compares to other companies.

Is Cadence Bank being upgraded by Wall Street analysts?

Over the previous 90 days, Cadence Bank's stock had 1 upgrade by analysts.

Does Cadence Bank's stock price have much upside?

According to analysts, Cadence Bank's stock has a predicted upside of 12.11% based on their 12-month stock forecasts.

What analysts cover Cadence Bank?

Cadence Bank has been rated by research analysts at Barclays, Hovde Group, Jefferies Financial Group, Keefe, Bruyette & Woods, Royal Bank of Canada, Stephens, and Truist Financial in the past 90 days.


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This page (NYSE:CADE) was last updated on 6/15/2024 by MarketBeat.com Staff

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