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Prosperity Bancshares (PB) Stock Forecast & Price Target

Prosperity Bancshares logo
$84.36 +2.02 (+2.45%)
(As of 11/22/2024 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

Sell
0
Hold
4
Buy
9

Based on 13 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 13 analysts, 4 have given a hold rating, and 9 have given a buy rating for PB.

Consensus Price Target

$78.96
-6.40% Downside
According to the 13 analysts' twelve-month price targets for Prosperity Bancshares, the average price target is $78.96. The highest price target for PB is $90.00, while the lowest price target for PB is $68.00. The average price target represents a forecasted downside of -6.40% from the current price of $84.36.
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PB Analyst Ratings Over Time

TypeCurrent Forecast
11/24/23 to 11/23/24
1 Month Ago
10/25/23 to 10/24/24
3 Months Ago
8/26/23 to 8/25/24
1 Year Ago
11/24/22 to 11/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$78.96$77.58$74.81$65.63
Forecasted Upside-6.40% Downside5.50% Upside2.03% Upside11.57% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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
2.69
2.49
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-6.40% Downside10.25% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent PB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/24/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$77.00 ➝ $77.00+5.12%
10/24/2024Wedbush
4 of 5 stars
D. Chiaverini
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Reiterated RatingOutperform ➝ Outperform$90.00 ➝ $90.00+22.03%
10/24/2024Barclays
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$75.00 ➝ $76.00+3.66%
10/15/2024DA Davidson
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P. Winter
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DowngradeBuy ➝ Neutral$80.00 ➝ $78.00+6.97%
9/20/2024Truist Financial
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B. King
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DowngradeBuy ➝ Hold$81.00 ➝ $79.00+6.37%
9/17/2024Raymond James
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M. Rose
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DowngradeStrong-Buy ➝ Outperform$80.00 ➝ $80.00+9.63%
8/26/2024Hovde Group
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 Boost TargetOutperform$80.50 ➝ $82.50+12.52%
8/5/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$75.00 ➝ $86.00+23.05%
7/26/2024Compass Point
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 Boost TargetBuy ➝ Buy$73.00 ➝ $80.00+9.68%
7/25/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$73.00 ➝ $80.00+12.28%
6/26/2024Stephens
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M. Olney
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UpgradeEqual Weight ➝ Overweight
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%
5/3/2023Wolfe Research
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 UpgradeUnderperform ➝ Outperform$68.00+14.98%
3/13/2023Janney Montgomery Scott
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 UpgradeNeutral ➝ Buy$76.00+18.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:11 AM ET.


PB Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Prosperity Bancshares is $78.96, with a high forecast of $90.00 and a low forecast of $68.00.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PB shares.

According to analysts, Prosperity Bancshares's stock has a predicted downside of -6.40% based on their 12-month stock forecasts.

Over the previous 90 days, Prosperity Bancshares's stock had 3 downgrades and 1 upgrade by analysts.

Prosperity Bancshares has been rated by research analysts at Barclays, DA Davidson, Hovde Group, Raymond James, Royal Bank of Canada, Truist Financial, and Wedbush in the past 90 days.

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 11/23/2024 by MarketBeat.com Staff
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