Synovus Financial (SNV) Stock Forecast, Price Target & Predictions
SNV Stock Forecast
Synovus Financial stock forecast is as follows: an average price target of $55.45 (represents a -2.33% downside from SNV’s last price of $56.77) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
SNV Price Target
The average price target for Synovus Financial (SNV) is $55.45 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $84.00 to $40.00. This represents a potential -2.33% downside from SNV's last price of $56.77.
SNV Analyst Ratings
According to 13 Wall Street analysts, Synovus Financial's rating consensus is 'Buy'. The analyst rating breakdown for SNV stock is 0 'Strong Buy' (0.00%), 9 'Buy' (69.23%), 4 'Hold' (30.77%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Synovus Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Jon Arfstrom | RBC Capital | $57.00 | $50.85 | 12.09% | 0.41% |
| Oct 18, 2024 | Benjamin Gerlinger | Citigroup | $59.00 | $50.85 | 16.03% | 3.93% |
| Oct 17, 2024 | Russell Gunther | Stephens | $52.00 | $50.85 | 2.26% | -8.40% |
| Oct 17, 2024 | Kevin Fitzsimmons | D.A. Davidson | $60.00 | $50.85 | 17.99% | 5.69% |
| Oct 17, 2024 | Jennifer Demba | Truist Financial | $52.00 | $48.37 | 7.50% | -8.40% |
| Oct 17, 2024 | Russel Gunther | Stephens | $46.00 | $48.37 | -4.90% | -18.97% |
| Oct 10, 2024 | Benjamin Gerlinger | Citigroup | $53.00 | $43.57 | 21.64% | -6.64% |
| Oct 09, 2024 | Megan Alexander | Morgan Stanley | $84.00 | $43.58 | 92.75% | 47.97% |
| Sep 26, 2024 | Jared Shaw | Barclays | $49.00 | $43.22 | 13.37% | -13.69% |
| Sep 17, 2024 | Michael Rose | Raymond James | $49.00 | $44.79 | 9.40% | -13.69% |
The latest Synovus Financial stock forecast, released on Oct 18, 2024 by Jon Arfstrom from RBC Capital, set a price target of $57.00, which represents a 12.09% increase from the stock price at the time of the forecast ($50.85), and a 0.41% increase from SNV last price ($56.77).
Synovus Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 10 | 23 |
| Avg Price Target | $54.33 | $56.10 | $50.65 |
| Last Closing Price | $56.77 | $56.77 | $56.77 |
| Upside/Downside | -4.30% | -1.18% | -10.78% |
In the current month, the average price target of Synovus Financial stock is $54.33, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a -4.30% decrease as opposed to Synovus Financial's last price of $56.77. This month's average price target is down -3.16% compared to last quarter, and up 7.27% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 18, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 18, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 17, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 17, 2024 | Truist Financial | Buy | Buy | Hold |
| Oct 17, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 17, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 10, 2024 | Citigroup | - | Buy | Initialise |
| Oct 01, 2024 | Wells Fargo | Market Perform | Equal-Weight | Downgrade |
| Sep 26, 2024 | Barclays | Overweight | Overweight | Hold |
Synovus Financial's last stock rating was published by Morgan Stanley on Oct 21, 2024. The company gave SNV a "Equal-Weight" rating, the same as its previous rate.
Synovus Financial Financial Forecast
Synovus Financial Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $443.21M | $519.34M | $565.45M | $584.00M | $603.78M | $582.22M | $522.65M | $497.58M | $509.38M | $499.87M | $488.95M | $484.81M | $500.69M | $491.40M | $550.05M | $477.12M | $497.22M | $490.86M |
| Avg Forecast | $633.96M | $624.98M | $610.95M | $594.95M | $599.67M | $586.88M | $572.45M | $560.87M | $565.09M | $557.64M | $542.18M | $547.62M | $519.52M | $539.16M | $569.87M | $594.15M | $599.57M | $570.65M | $519.44M | $499.08M | $492.62M | $488.52M | $487.70M | $486.73M | $483.06M | $467.88M | $445.07M | $458.66M | $483.85M | $487.16M |
| High Forecast | $642.69M | $633.58M | $619.35M | $603.14M | $607.93M | $594.96M | $580.32M | $570.91M | $567.15M | $562.37M | $542.85M | $547.62M | $544.82M | $546.58M | $577.71M | $602.33M | $607.82M | $586.95M | $534.28M | $513.34M | $506.69M | $502.47M | $501.63M | $500.63M | $496.86M | $481.24M | $457.78M | $471.76M | $497.67M | $501.08M |
| Low Forecast | $618.08M | $609.31M | $595.64M | $580.04M | $584.65M | $572.18M | $558.10M | $542.44M | $561.97M | $552.91M | $541.50M | $547.62M | $460.83M | $525.65M | $555.58M | $579.26M | $584.54M | $552.97M | $503.35M | $483.62M | $477.36M | $473.39M | $472.59M | $471.65M | $468.10M | $453.39M | $431.28M | $444.45M | $468.86M | $472.07M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 9 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.96% | 0.99% | 0.98% | 1.01% | 1.02% | 1.01% | 1.00% | 1.03% | 1.02% | 1.00% | 1.00% | 1.04% | 1.05% | 1.24% | 1.04% | 1.03% | 1.01% |
Synovus Financial's average Quarter revenue forecast for Mar 24 based on 4 analysts is $547.62M, with a low forecast of $547.62M, and a high forecast of $547.62M. SNV's average Quarter revenue forecast represents a 23.56% increase compared to the company's last Quarter revenue of $443.21M (Dec 23).
Synovus Financial EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 9 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $144.13M | $124.82M | $525.52M | $632.07M | $364.93M | $381.07M | $293.29M | $264.65M | $329.27M | $308.27M | $305.59M | $324.61M | $263.40M | $217.39M | $225.33M | $176.40M | $312.73M | $305.83M |
| Avg Forecast | $357.21M | $352.15M | $344.24M | $335.23M | $337.89M | $330.68M | $322.55M | $316.03M | $318.40M | $314.20M | $305.49M | $267.51M | $292.73M | $303.79M | $321.09M | $243.19M | $271.65M | $321.54M | $292.68M | $221.08M | $277.57M | $275.26M | $274.80M | $222.29M | $272.19M | $263.63M | $250.78M | $259.03M | $272.63M | $274.49M |
| High Forecast | $362.13M | $356.99M | $348.98M | $339.84M | $342.54M | $335.23M | $326.99M | $321.68M | $319.56M | $316.87M | $305.87M | $321.01M | $306.98M | $307.97M | $325.51M | $291.83M | $325.98M | $330.72M | $301.04M | $265.30M | $285.50M | $283.12M | $282.65M | $266.74M | $279.96M | $271.16M | $257.94M | $310.84M | $280.41M | $282.33M |
| Low Forecast | $348.26M | $343.32M | $335.61M | $326.83M | $329.42M | $322.40M | $314.46M | $305.64M | $316.65M | $311.54M | $305.11M | $214.01M | $259.66M | $296.18M | $313.05M | $194.55M | $217.32M | $311.58M | $283.62M | $176.87M | $268.97M | $266.73M | $266.29M | $177.83M | $263.75M | $255.46M | $243.01M | $207.23M | $264.18M | $265.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.49% | 0.41% | 1.64% | 2.60% | 1.34% | 1.19% | 1.00% | 1.20% | 1.19% | 1.12% | 1.11% | 1.46% | 0.97% | 0.82% | 0.90% | 0.68% | 1.15% | 1.11% |
4 analysts predict SNV's average Quarter EBITDA for Mar 24 to be $267.51M, with a high of $321.01M and a low of $214.01M. This is 85.61% upper than Synovus Financial's previous annual EBITDA (Dec 23) of $144.13M.
Synovus Financial Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 9 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $60.65M | $97.09M | $174.11M | $202.16M | $205.77M | $203.04M | $178.05M | $171.04M | $200.40M | $186.77M | $186.20M | $187.09M | $150.41M | $91.57M | $93.19M | $38.52M | $151.68M | $135.73M |
| Avg Forecast | $199.41M | $196.53M | $187.17M | $170.62M | $178.51M | $169.89M | $163.02M | $152.86M | $163.93M | $155.66M | $136.96M | $192.61M | $136.16M | $120.49M | $165.08M | $175.10M | $165.33M | $185.74M | $159.00M | $159.18M | $157.07M | $155.07M | $149.74M | $128.12M | $119.01M | $76.12M | $2.89M | $56.57M | $141.01M | $144.92M |
| High Forecast | $202.98M | $200.05M | $190.52M | $173.67M | $181.71M | $172.93M | $165.94M | $165.71M | $173.99M | $156.59M | $136.97M | $231.13M | $143.32M | $122.65M | $168.37M | $210.12M | $198.40M | $186.06M | $163.54M | $191.02M | $162.90M | $160.83M | $151.01M | $153.74M | $123.43M | $78.95M | $3.00M | $67.88M | $146.25M | $150.30M |
| Low Forecast | $192.91M | $190.13M | $181.08M | $165.06M | $172.70M | $164.36M | $157.71M | $137.14M | $152.42M | $154.73M | $136.94M | $154.09M | $128.99M | $116.57M | $161.79M | $140.08M | $132.27M | $185.43M | $154.47M | $127.35M | $150.74M | $148.83M | $148.47M | $102.49M | $114.22M | $73.06M | $2.77M | $45.25M | $135.34M | $139.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | 0.81% | 1.05% | 1.15% | 1.24% | 1.09% | 1.12% | 1.07% | 1.28% | 1.20% | 1.24% | 1.46% | 1.26% | 1.20% | 32.25% | 0.68% | 1.08% | 0.94% |
Synovus Financial's average Quarter net income forecast for Mar 24 is $192.61M, with a range of $154.09M to $231.13M. SNV's average Quarter net income forecast represents a 217.60% increase compared to the company's last Quarter net income of $60.65M (Dec 23).
Synovus Financial SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 9 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $257.72M | $191.58M | $194.16M | $199.19M | $190.86M | $181.04M | $167.96M | $170.93M | $173.03M | $165.58M | $166.11M | $167.06M | $174.62M | $161.79M | $166.45M | $159.71M | $159.28M | $155.71M |
| Avg Forecast | $229.32M | $226.07M | $220.99M | $215.21M | $216.92M | $212.29M | $207.07M | $202.88M | $204.41M | $201.71M | $196.12M | $192.50M | $187.92M | $195.03M | $206.13M | $175.00M | $142.75M | $206.42M | $187.90M | $159.09M | $178.19M | $176.71M | $176.41M | $114.40M | $174.74M | $169.24M | $160.99M | $234.52M | $175.02M | $176.22M |
| High Forecast | $232.48M | $229.18M | $224.04M | $218.17M | $219.90M | $215.21M | $209.92M | $206.51M | $205.15M | $203.42M | $196.36M | $230.99M | $197.08M | $197.71M | $208.97M | $209.99M | $171.30M | $212.32M | $193.26M | $190.90M | $183.28M | $181.76M | $181.45M | $137.28M | $179.73M | $174.08M | $165.59M | $281.42M | $180.02M | $181.25M |
| Low Forecast | $223.57M | $220.40M | $215.46M | $209.82M | $211.48M | $206.97M | $201.88M | $196.21M | $203.28M | $200.00M | $195.88M | $154.00M | $166.69M | $190.14M | $200.97M | $140.00M | $114.20M | $200.02M | $182.08M | $127.27M | $172.67M | $171.24M | $170.95M | $91.52M | $169.32M | $164.00M | $156.01M | $187.61M | $169.60M | $170.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.37% | 0.98% | 0.94% | 1.14% | 1.34% | 0.88% | 0.89% | 1.07% | 0.97% | 0.94% | 0.94% | 1.46% | 1.00% | 0.96% | 1.03% | 0.68% | 0.91% | 0.88% |
Synovus Financial's average Quarter SG&A projection for Mar 24 is $192.50M, based on 4 Wall Street analysts, with a range of $154.00M to $230.99M. The forecast indicates a -25.31% fall compared to SNV last annual SG&A of $257.72M (Dec 23).
Synovus Financial EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 9 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.41 | $0.60 | $1.13 | $1.33 | $1.36 | $1.34 | $1.17 | $1.12 | $1.38 | $1.22 | $1.20 | $1.20 | $0.96 | $0.57 | $0.58 | $0.21 | $0.98 | $0.84 |
| Avg Forecast | $1.39 | $1.36 | $1.30 | $1.19 | $1.24 | $1.18 | $1.13 | $1.06 | $1.14 | $1.08 | $0.95 | $0.99 | $0.95 | $0.84 | $1.15 | $1.24 | $1.35 | $1.28 | $1.09 | $1.01 | $1.08 | $1.07 | $1.03 | $0.93 | $0.82 | $0.52 | $0.02 | $0.36 | $0.97 | $1.00 |
| High Forecast | $1.41 | $1.39 | $1.32 | $1.21 | $1.26 | $1.20 | $1.15 | $1.15 | $1.21 | $1.09 | $0.95 | $0.99 | $1.00 | $0.85 | $1.17 | $1.27 | $1.38 | $1.28 | $1.12 | $1.05 | $1.12 | $1.10 | $1.04 | $0.97 | $0.85 | $0.54 | $0.02 | $0.37 | $1.00 | $1.03 |
| Low Forecast | $1.34 | $1.32 | $1.26 | $1.15 | $1.20 | $1.14 | $1.10 | $0.95 | $1.06 | $1.07 | $0.95 | $0.99 | $0.90 | $0.81 | $1.12 | $1.20 | $1.31 | $1.27 | $1.06 | $0.97 | $1.04 | $1.02 | $1.02 | $0.90 | $0.78 | $0.50 | $0.02 | $0.34 | $0.93 | $0.96 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.72% | 0.99% | 1.07% | 1.01% | 1.05% | 1.07% | 1.11% | 1.28% | 1.15% | 1.17% | 1.29% | 1.17% | 1.08% | 29.21% | 0.57% | 1.01% | 0.84% |
According to 4 Wall Street analysts, Synovus Financial's projected average Quarter EPS for Mar 24 is $0.99, with a low estimate of $0.99 and a high estimate of $0.99. This represents a 140.78% increase compared to SNV previous annual EPS of $0.41 (Dec 23).
Synovus Financial Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UCBI | United Community Banks | $27.83 | $31.33 | 12.58% | Buy |
| HONE | HarborOne Bancorp | $13.13 | $14.00 | 6.63% | Hold |
| RNST | Renasant | $37.01 | $38.00 | 2.67% | Buy |
| CFG | Citizens Financial Group | $46.42 | $46.78 | 0.78% | Hold |
| SNV | Synovus Financial | $56.77 | $55.45 | -2.33% | Buy |
| BOKF | BOK Financial | $115.77 | $112.75 | -2.61% | Hold |
| CBU | Community Bank System | $68.53 | $66.50 | -2.96% | Strong Buy |
| TRMK | Trustmark | $38.76 | $37.50 | -3.25% | Hold |
| SSB | SouthState | $106.85 | $101.60 | -4.91% | Buy |
| FHN | First Horizon | $20.13 | $19.10 | -5.12% | Buy |
| MTB | M&T Bank | $211.93 | $198.71 | -6.24% | Buy |
| HWC | Hancock Whitney | $59.79 | $56.00 | -6.34% | Buy |
| HBAN | Huntington Bancshares | $17.54 | $16.40 | -6.50% | Buy |
| PNFP | Pinnacle Financial Partners | $124.80 | $108.80 | -12.82% | Buy |
| ABCB | Ameris Bancorp | $69.98 | $60.50 | -13.55% | Buy |
| FITB | Fifth Third Bancorp | $47.20 | $39.93 | -15.40% | Buy |
| SMBK | SmartFinancial | $36.03 | $30.33 | -15.82% | Hold |