Eastern Bankshares (EBC) Stock Forecast & Price Target

$16.88

+0.56 (+3.43%)

(As of 07/26/2024 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

Based on 3 Wall Street analysts who have issued ratings for Eastern Bankshares in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a buy rating for EBC.

Consensus Price Target

$15.25
-9.66% Downside

High Forecast	$16.50
Average Forecast	$15.25
Low Forecast	$14.00

According to the 3 analysts' twelve-month price targets for Eastern Bankshares, the average price target is $15.25. The highest price target for EBC is $16.50, while the lowest price target for EBC is $14.00. The average price target represents a forecasted downside of -9.66% from the current price of $16.88.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$17.33
Forecasted Upside	-9.66% Downside	9.42% Upside	9.42% Upside	9.79% Upside

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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.

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.

Eastern Bankshares Stock vs. The Competition

Type	Eastern Bankshares	Finance Companies	S&P 500
Consensus Rating Score	2.33	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-9.66% Downside	35.47% Upside	9.17% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/26/2024	Keefe, Bruyette & Woods 4 of 5 stars	D. Delmonte Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
9/20/2023	Piper Sandler 2 of 5 stars		Boost Target		$15.00 ➝ $16.50	+22.86%
9/12/2023	Seaport Res Ptn 1 of 5 stars	L. Hunsicker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
8/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$13.00 ➝ $14.00	-1.34%
1/30/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$17.00	+6.18%
11/1/2022	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$22.00	+16.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:19 AM ET.

EBC Forecast - Frequently Asked Questions

What is Eastern Bankshares' forecast for 2024?: 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.
Should I buy or sell Eastern Bankshares stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eastern Bankshares in the last twelve months. There is currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EBC, but not buy additional shares or sell existing shares.
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.
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 2.45. Learn more on how EBC compares to other companies.