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Discover Financial Services (DFS) Stock Forecast & Price Target

Discover Financial Services logo
$175.00 +2.92 (+1.70%)
(As of 11/21/2024 ET)
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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

Hold
Based on 19 Analyst Ratings
Sell
0
Hold
12
Buy
7

Based on 19 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 19 analysts, 12 have given a hold rating, and 7 have given a buy rating for DFS.

Consensus Price Target

$138.81
-20.68% Downside
According to the 19 analysts' twelve-month price targets for Discover Financial Services, the average price target is $138.81. 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 -20.68% from the current price of $175.01.
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DFS Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
12 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$138.81$136.12$131.33$103.56
Forecasted Upside-20.68% Downside-6.42% Downside-1.20% Downside19.77% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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
2.37
2.49
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-20.68% Downside11.64% Upside8.51% Upside
News Sentiment Rating
Positive News

See Recent DFS News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/30/2024Evercore ISI
2 of 5 stars		 Boost TargetIn-Line ➝ In-Line$156.00 ➝ $163.00+5.04%
10/18/2024Wells Fargo & Company
3 of 5 stars		 Boost TargetEqual Weight ➝ Equal Weight$152.00 ➝ $160.00+7.17%
10/18/2024Royal Bank of Canada
4 of 5 stars		Jon Arfstrom
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetSector Perform ➝ Sector Perform$148.00 ➝ $161.00+6.96%
7/19/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$135.00 ➝ $137.00-4.22%
7/19/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$132.00 ➝ $135.00-4.62%
7/19/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$115.00 ➝ $119.00-15.00%
7/9/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$145.00 ➝ $150.00+15.35%
7/8/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$145.00 ➝ $160.00+24.14%
6/7/2024BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		V. Caintic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageNeutral
3/21/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$107.00 ➝ $144.00+14.14%
3/15/2024Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating		W. Ryan
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeBuy ➝ Neutral
2/23/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$127.00 ➝ $145.00+18.44%
2/23/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$127.00 ➝ $168.00+36.96%
2/21/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Peer Perform
2/8/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$105.00 ➝ $133.00+25.14%
1/19/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$140.00 ➝ $111.00+14.02%
1/19/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$139.00 ➝ $121.00+24.74%
12/14/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingEqual Weight ➝ Equal Weight$98.00-7.42%
12/6/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$94.00 ➝ $116.00+17.08%
11/1/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$100.00+21.83%
4/21/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform$120.00+13.72%
11/21/2022UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 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 Thursday at 09:59 PM ET.


Should I Buy Discover Financial Services Stock? DFS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Discover Financial Services pros and cons to contact@marketbeat.com.

Discover Financial Services
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Discover Financial Services:

  • Discover Financial Services has shown strong quarterly earnings results, beating consensus estimates by a significant margin, indicating financial health and potential growth.
  • Analysts have given a "buy" rating to Discover Financial Services, suggesting confidence in the company's future performance and stock value.
  • The company has a solid return on equity of 20.92%, indicating efficient use of shareholder funds to generate profits.
  • Discover Financial Services has a dividend yield of 1.93%, providing investors with a steady income stream relative to the stock price.
  • The stock price of Discover Financial Services has been trading at a higher range, reaching $144.89, showing positive momentum and investor interest.

Discover Financial Services
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Discover Financial Services for these reasons:

  • Discover Financial Services has received multiple "hold" ratings from analysts, indicating a lack of strong conviction in the stock's performance.
  • The company's debt-to-equity ratio of 1.28 may raise concerns about its level of leverage and financial risk.
  • While the company has shown growth, the stock has a beta of 1.41, indicating higher volatility compared to the market average, which may not suit all investors.
  • Discover Financial Services operates in a competitive industry, facing challenges from other financial service providers that could impact its market position.
  • Despite positive aspects, the stock has an average rating of "Hold" and a consensus price target of $132.94, suggesting limited upside potential according to analysts.

DFS Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Discover Financial Services is $138.81, with a high forecast of $168.00 and a low forecast of $98.00.

19 Wall Street equities 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 7 buy ratings for the stock. The consensus among Wall Street equities 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.

According to analysts, Discover Financial Services's stock has a predicted downside of -20.68% based on their 12-month stock forecasts.

Discover Financial Services has been rated by research analysts at Evercore ISI, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.

Analysts like Discover Financial Services less than other "finance" companies. The consensus rating score for Discover Financial Services is 2.37 while the average consensus rating score for "finance" companies is 2.49. Learn more on how DFS compares to other companies.

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This page (NYSE:DFS) was last updated on 11/21/2024 by MarketBeat.com Staff
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