Cadence Bank (CADE) Stock Forecast & Price Target

$29.59

-0.59 (-1.95%)

(As of 12/29/2023 ET)

Cadence Bank Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Analysts' Consensus Price Target

$25.64
-13.36% Downside

High Forecast	$32.00
Average Forecast	$25.64
Low Forecast	$21.00

Type	Current Forecast 12/31/22 to 12/31/23	1 Month Ago 12/1/22 to 12/1/23	3 Months Ago 10/2/22 to 10/2/23	1 Year Ago 12/31/21 to 12/31/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$25.64	$25.18	$25.50	$30.71
Predicted Upside	-13.36% Downside	18.59% Upside	14.71% Upside	18.41% Upside

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CADE Analyst Ratings 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.

CADE 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.

Cadence Bank Stock vs. The Competition

Type	Cadence Bank	Finance Companies	S&P 500
Consensus Rating Score	2.67	2.41	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-13.36% Downside	92.74% Upside	6.98% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/29/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$27.00 ➝ $32.00	+7.38%
10/26/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$22.00 ➝ $24.00	+14.45%
10/25/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$30.00 ➝ $28.00	+37.12%
10/25/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$25.00 ➝ $27.00	+32.48%
10/10/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$23.00 ➝ $22.00	+3.87%
10/10/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$26.00 ➝ $24.00	+13.31%
9/27/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$27.00 ➝ $25.00	+17.15%
4/6/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$32.00 ➝ $28.00	+36.65%
4/6/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy	$30.00 ➝ $26.00	+29.87%
3/21/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$29.50 ➝ $25.00	+19.27%
3/15/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$21.00	-2.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:41 PM ET.

CADE Price Target - Frequently Asked Questions

What is Cadence Bank's consensus rating and price target?: According to the issued ratings of 9 analysts in the last year, the consensus rating for Cadence Bank stock is Moderate Buy based on the current 1 sell rating, 2 hold ratings, 5 buy ratings and 1 strong buy rating for CADE. The average twelve-month price prediction for Cadence Bank is $25.64 with a high price target of $32.00 and a low price target of $21.00. Learn more on CADE's analyst rating history.
Do Wall Street analysts like Cadence Bank more than its competitors?: Analysts like Cadence Bank more than other Finance companies. The consensus rating for Cadence Bank is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how CADE compares to other companies.
Does Cadence Bank's stock price have much upside?: According to analysts, Cadence Bank's stock has a predicted upside of 18.09% based on their 12-month stock forecasts.

What analysts cover Cadence Bank?: Cadence Bank has been rated by Citigroup, Jefferies Financial Group, Morgan Stanley, Piper Sandler, Royal Bank of Canada, and Stephens in the past 90 days.

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This page (NYSE:CADE) was last updated on 12/31/2023 by MarketBeat.com Staff

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