Cadence Bank (CADE) Stock Forecast & Price Target

$33.53

+0.16 (+0.48%)

(As of 07/26/2024 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

Based on 12 Wall Street analysts who have issued ratings for Cadence Bank in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 6 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for CADE.

Consensus Price Target

$33.79
0.78% Upside

High Forecast	$39.00
Average Forecast	$33.79
Low Forecast	$27.00

According to the 12 analysts' twelve-month price targets for Cadence Bank, the average price target is $33.79. The highest price target for CADE is $39.00, while the lowest price target for CADE is $27.00. The average price target represents a forecasted upside of 0.78% from the current price of $33.53.

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	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	5 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	6 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	$33.79	$31.18	$31.09	$25.38
Forecasted Upside	0.78% Upside	12.72% Upside	12.11% Upside	15.60% 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.

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.

Cadence Bank Stock vs. The Competition

Type	Cadence Bank	Finance Companies	S&P 500
Consensus Rating Score	2.58	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	0.78% Upside	35.46% Upside	9.15% 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
7/24/2024	Barclays 2 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$30.00 ➝ $33.00	-2.45%
7/24/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$31.00 ➝ $35.00	+3.46%
7/24/2024	DA Davidson 3 of 5 stars		Boost Target	Buy ➝ Buy	$34.50 ➝ $39.00	+17.36%
7/24/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$31.00 ➝ $38.00	+13.16%
7/24/2024	Hovde Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$33.00 ➝ $36.50	+8.70%
7/24/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Scouten Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$33.00 ➝ $34.00	+1.25%
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7/23/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$35.00 ➝ $35.00	+8.33%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$31.00 ➝ $29.00	+1.68%
4/24/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$32.00 ➝ $33.00	+13.48%
2/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$24.00 ➝ $27.00	+5.72%
1/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$35.00 ➝ $34.00	+20.27%
12/29/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$27.00 ➝ $32.00	+7.38%
3/15/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$21.00	-2.51%
11/17/2022	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ 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 05:42 AM ET.

CADE Forecast - Frequently Asked Questions

What is Cadence Bank's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Cadence Bank is $33.79, with a high forecast of $39.00 and a low forecast of $27.00.
Should I buy or sell Cadence Bank stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CADE shares.
Does Cadence Bank's stock price have much upside?: According to analysts, Cadence Bank's stock has a predicted upside of 8.09% based on their 12-month stock forecasts.
Has Cadence Bank been downgraded by Wall Street analysts recently?: Over the previous 90 days, Cadence Bank's stock had 1 downgrade by analysts.
What analysts cover Cadence Bank?: Cadence Bank has been rated by research analysts at Barclays, DA Davidson, Hovde Group, Jefferies Financial Group, Piper Sandler, Royal Bank of Canada, Stephens, and Truist Financial in the past 90 days.
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.