Analysts Lift Pinnacle Financial Partners Price Targets to $122 with 29% Upside
On January 28, Stephen Scouten at Piper Sandler raised Pinnacle Financial Partners’ price target from $120 to $122, keeping an Overweight rating with over 29% upside potential. On January 26, Citi’s Benjamin Gerlinger boosted his target from $118 to $122 following Q4 capital base improvement and higher earnings forecasts.
1. Piper Sandler Raises Price Target
On January 28, Stephen Scouten at Piper Sandler increased Pinnacle Financial Partners’ price target from $120 to $122, maintained an Overweight rating and highlighted management’s incremental positives and commentary on future growth drivers.
2. Citi Boosts Target After Q4 Capital Strength
On January 26, Benjamin Gerlinger of Citi raised his price target from $118 to $122 following fourth-quarter results that strengthened the bank’s capital base and supported an elevated earnings forecast.