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Discover Financial Services (DFS) Stock Forecast & Price Target

$142.89
+1.48 (+1.05%)
(As of 07/18/2024 ET)

Discover Financial Services - 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

Based on 20 Wall Street analysts who have issued ratings for Discover Financial Services in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 12 have given a hold rating, and 8 have given a buy rating for DFS.

Consensus Price Target

$129.78
-9.18% Downside
High Forecast$168.00
Average Forecast$129.78
Low Forecast$98.00

According to the 20 analysts' twelve-month price targets for Discover Financial Services, the average price target is $129.78. The highest price target for DFS is $168.00, while the lowest price target for DFS is $98.00. The average price target represents a forecasted downside of -9.18% from the current price of $142.89.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
4 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$129.78$126.29$125.94$120.60
Forecasted Upside-9.18% Downside12.92% Upside12.97% Upside14.41% Upside
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DFS 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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DFS 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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Discover Financial Services Stock vs. The Competition

TypeDiscover Financial ServicesFinance CompaniesS&P 500
Consensus Rating Score
2.40
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-9.18% Downside37.38% Upside9.11% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$145.00 ➝ $150.00+15.35%
7/9/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$123.00 ➝ $135.00+5.07%
7/8/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$120.00 ➝ $132.00+2.82%
7/8/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$145.00 ➝ $160.00+24.14%
6/7/2024BTIG Research
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V. Caintic
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Initiated CoverageNeutral
4/10/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$105.00 ➝ $135.00+9.89%
3/21/2024HSBC
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 Boost TargetHold ➝ Hold$107.00 ➝ $144.00+14.14%
3/15/2024Seaport Res Ptn
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W. Ryan
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DowngradeBuy ➝ Neutral
2/23/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$127.00 ➝ $145.00+18.44%
2/23/2024Citigroup
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 Boost TargetBuy ➝ Buy$127.00 ➝ $168.00+36.96%
2/22/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$117.00 ➝ $140.00+15.39%
2/21/2024Wolfe Research
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 Reiterated RatingOutperform ➝ Peer Perform
2/21/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Sector Perform$117.00 ➝ $140.00+12.50%
2/8/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$105.00 ➝ $133.00+25.14%
1/22/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$116.00 ➝ $104.00+6.85%
1/19/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$140.00 ➝ $111.00+14.02%
1/19/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$139.00 ➝ $121.00+24.74%
12/14/2023Stephens
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 Reiterated RatingEqual Weight ➝ Equal Weight$98.00-7.42%
12/6/2023Bank of America
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 UpgradeNeutral ➝ Buy$94.00 ➝ $116.00+17.08%
11/1/2023TD Cowen
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 Initiated CoverageOutperform$100.00+21.83%
4/21/2023Credit Suisse Group
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 Reiterated RatingOutperform$120.00+13.72%
11/21/2022UBS Group
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 Initiated CoverageNeutral$120.00+11.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:58 AM ET.

DFS Forecast - Frequently Asked Questions

What is Discover Financial Services' forecast for 2024?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Discover Financial Services is $129.78, with a high forecast of $168.00 and a low forecast of $98.00.

Should I buy or sell Discover Financial Services stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 12 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DFS, but not buy additional shares or sell existing shares.

Does Discover Financial Services's stock price have much upside?

According to analysts, Discover Financial Services's stock has a predicted upside of 14.42% based on their 12-month stock forecasts.

What analysts cover Discover Financial Services?

Discover Financial Services has been rated by research analysts at Barclays, BTIG Research, Jefferies Financial Group, JPMorgan Chase & Co., and Keefe, Bruyette & Woods in the past 90 days.

Do Wall Street analysts like Discover Financial Services more than its competitors?

Analysts like Discover Financial Services less than other "finance" companies. The consensus rating score for Discover Financial Services is 2.40 while the average consensus rating score for "finance" companies is 2.45. Learn more on how DFS compares to other companies.


This page (NYSE:DFS) was last updated on 7/19/2024 by MarketBeat.com Staff

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