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Prosperity Bancshares (PB) Stock Forecast & Price Target

$69.81
+0.67 (+0.97%)
(As of 01:37 PM ET)

Prosperity Bancshares - 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 10 Wall Street analysts who have issued ratings for Prosperity Bancshares in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for PB.

Consensus Price Target

$68.23
-2.27% Downside
High Forecast$80.00
Average Forecast$68.23
Low Forecast$55.00

According to the 10 analysts' twelve-month price targets for Prosperity Bancshares, the average price target is $68.23. The highest price target for PB is $80.00, while the lowest price target for PB is $55.00. The average price target represents a forecasted downside of -2.27% from the current price of $69.81.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
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)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
Hold
4 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$68.23$68.86$68.79$72.10
Forecasted Upside-2.27% Downside12.72% Upside12.92% Upside12.80% Upside
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PB 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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PB 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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Prosperity Bancshares Stock vs. The Competition

TypeProsperity BancsharesFinance CompaniesS&P 500
Consensus Rating Score
2.70
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-2.71% Downside36.49% Upside9.33% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/8/2024Truist Financial
1 of 5 stars
 Lower TargetBuy ➝ Buy$75.00 ➝ $68.00+14.09%
6/26/2024Stephens
4 of 5 stars
M. Olney
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UpgradeEqual Weight ➝ Overweight
4/9/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$70.00+8.83%
3/8/2024Barclays
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 Initiated CoverageEqual Weight$68.00+6.52%
2/7/2024Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$69.00+10.47%
1/5/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$65.00 ➝ $80.00+20.90%
12/13/2023UBS Group
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 Boost TargetBuy ➝ Buy$65.00 ➝ $71.00+12.75%
12/1/2023Citigroup
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 Initiated CoverageBuy$68.00+12.73%
10/26/2023Wedbush
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 Lower TargetNeutral ➝ Neutral$58.00 ➝ $55.00+2.25%
9/18/2023Hovde Group
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 UpgradeMarket Perform ➝ Outperform$66.50+16.97%
7/27/2023Piper Sandler
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 Boost Target$72.00 ➝ $74.00+17.98%
5/3/2023Wolfe Research
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 UpgradeUnderperform ➝ Outperform$68.00+14.98%
3/13/2023DA Davidson
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P. Winter
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UpgradeNeutral ➝ Buy$79.00+23.23%
3/13/2023Janney Montgomery Scott
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 UpgradeNeutral ➝ Buy$76.00+18.55%
10/20/2022Compass Point
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 Lower Target$82.00+13.97%

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

PB Forecast - Frequently Asked Questions

What is Prosperity Bancshares' forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Prosperity Bancshares is $68.23, with a high forecast of $80.00 and a low forecast of $55.00.

Should I buy or sell Prosperity Bancshares stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PB shares.

Does Prosperity Bancshares's stock price have much upside?

According to analysts, Prosperity Bancshares's stock has a predicted upside of 12.13% based on their 12-month stock forecasts.

Has Prosperity Bancshares been upgraded by Wall Street analysts recently?

Over the previous 90 days, Prosperity Bancshares's stock had 1 upgrade by analysts.

What analysts cover Prosperity Bancshares?

Prosperity Bancshares has been rated by research analysts at Stephens, and Truist Financial in the past 90 days.

Do Wall Street analysts like Prosperity Bancshares more than its competitors?

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


This page (NYSE:PB) was last updated on 7/23/2024 by MarketBeat.com Staff

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