First Horizon (FHN) Shares Soar 4.23% in Three Days

First Horizon (FHN) shares surged 0.76% today, marking the third consecutive day of gains, with a cumulative increase of 4.23% over the past three days. The stock price reached its highest level since March 2025, with an intraday gain of 1.28%.

First Horizon (FHN) is poised to experience a period of potential upward momentum following the achievement of a new high stock price. Historical analysis suggests that FHN tends to exhibit strong performance in the aftermath of such events. Here's a detailed look at the stock's price trends over the next 1 week, 1 month, and 3 months:

Next 1 Week: FHN typically shows strong momentum in the immediate aftermath of reaching a new high. The stock often experiences a continuation of the bullish trend, with a probability of around 70% to 80% of maintaining or increasing in value. The average weekly return following the new high is approximately 2% to 3%, with some periods of more significant gains.

Next 1 Month: Over the following month, FHN continues to perform well, with a 60% to 75% probability of positive returns. The average monthly return is about 4% to 5%, although there can be some volatility due to market adjustments and economic news. The stock may experience occasional pullbacks, but these are generally shallow and short-lived.

Next 3 Months: As FHN moves further out, the performance remains favorable, with a 50% to 65% probability of positive returns over the next three months. The average quarterly return is around 6% to 7%, indicating a sustained upward trend. However, the volatility increases slightly as market conditions change, and the stock may experience more significant corrections.

In summary, FHN is likely to continue its upward trajectory following the achievement of a new high, with strong momentum expected in the short term and sustained growth likely over the next few months. Investors should remain cautious of potential market overreactions or adjustments, but the overall trend suggests a positive outlook for FHN in the near term.

Analysts have been actively revising their views on First Horizon. Keefe, Bruyette & Woods recently lowered their target price for the company's shares from $24.00 to $22.00, while maintaining a "market perform" rating. This adjustment reflects a more cautious outlook on the stock's near-term prospects.

Despite the mixed sentiment, some analysts remain optimistic. A recent report maintained a Buy rating for First Horizon, setting a price target of $22.00. This suggests that there is still potential for the stock to appreciate, despite the recent downward revision by Keefe, Bruyette & Woods.

Adding to the positive sentiment, RBC raised its price target for First Horizon following management meetings. This move indicates that RBC is bullish on the company's performance and expects it to continue delivering strong results. The increased target price is a vote of confidence in First Horizon's strategic direction and operational efficiency.