Pinnacle Financial Partners Inc. Raises Target Price to $127 Amid Positive Outlook

Pinnacle Financial Partners Inc. (PNFP) has had its price target raised to $127 by Truist, with a Buy rating. Analysts are optimistic about the company's loan growth, smaller mergers and acquisitions, and deregulation advancements. The average target price for PNFP is $121.86, with a high estimate of $140.00 and a low estimate of $105.00, implying an upside of 1.87% from the current price of $119.63.

Truist has increased its price target for Pinnacle Financial Partners Inc. (PNFP) to $127, up from $123, while maintaining a Buy rating. This adjustment is part of a broader analysis in anticipation of the second-quarter results for regional banks. The research indicates an optimistic trajectory for loan growth, highlights the emergence of smaller mergers and acquisitions, and suggests that deregulation is advancing significantly. Analysts also note a more favorable economic outlook as a factor in the updated industry models.

Based on the one-year price targets offered by 11 analysts, the average target price for Pinnacle Financial Partners Inc. (PNFP) is $121.86 with a high estimate of $140.00 and a low estimate of $105.00. The average target implies an upside of 1.87% from the current price of $119.63 [1]. More detailed estimate data can be found on the Pinnacle Financial Partners Inc. (PNFP) Forecast page.

Based on the consensus recommendation from 13 brokerage firms, Pinnacle Financial Partners Inc.'s (PNFP) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell [1].

According to GuruFocus estimates, the estimated GF Value for Pinnacle Financial Partners Inc. (PNFP) in one year is $130.74, suggesting an upside of 9.29% from the current price of $119.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance [1].

References:
[1] https://www.gurufocus.com/news/2971832/pinnacle-financial-pnfp-target-price-raised-amid-positive-outlook-pnfp-stock-news
[2] https://www.nasdaq.com/articles/stay-ahead-game-pinnacle-financial-pnfp-q2-earnings-wall-streets-insights-key-metrics
[3] https://finance.yahoo.com/news/truist-financial-increases-pt-amazon-042712682.html