Jack Henry Price Targets Raised to $183 and $196 on Growth Outlook
Morgan Stanley raised Jack Henry's price target to $183 and boosted FY2027 and FY2028 revenue growth to 6.5% and 7%, respectively. Wells Fargo upgraded to Overweight, set a $196 target and added Jack Henry to its top fintech stock list.
1. Morgan Stanley Upgrade
Morgan Stanley analyst James Faucette raised Jack Henry's price target to $183 while maintaining an Equal Weight rating, citing growing demand trends and favorable competitive positioning. The firm lifted its year-over-year revenue growth forecasts to 6.5% in fiscal 2027 and 7% in fiscal 2028, reflecting improved growth visibility.
2. Wells Fargo Upgrade
Wells Fargo upgraded Jack Henry from Equal Weight to Overweight and increased its price target to $196, highlighting rising confidence in the company's 2027 revenue trajectory. The stock was added to Wells Fargo's Fab 5 list of top fintech picks, underscoring its appeal within financial technology investments.
3. Recent Stock Performance
Following its last earnings report, Jack Henry shares have declined roughly 3.1%, prompting questions about a potential rebound. Investors will be watching upcoming client metrics and technology adoption trends to assess near-term performance catalysts.