
PNFP Stock Forecast & Price Target
PNFP Analyst Ratings
Bulls say
Pinnacle Finl Partners is expected to see an increase in revenue and net interest income in the coming quarters due to its strong loan portfolio and focus on mergers and acquisitions. The company's solid hiring momentum and cost-saving initiatives should also contribute to its growth and profitability. However, there are also potential risks such as execution risks related to recent mergers and deteriorating asset quality. Despite these risks, PNFP's discounted valuation and strong fundamentals make it an attractive investment opportunity.
Bears say
Pinnacle Finl Partners is on track to deliver strong growth and hiring in the next year, driven by a proven business model, evidenced by exceeding expectations for the quarter with core EPS at $2.50 and NII growth of 4% LQ, while maintaining flat core pricing. However, higher growth may lead to NIM compression and higher expenses, but investor confidence should re-rate as each quarter adds proof points for the company's growth potential. This growth model, which relies on talent hiring, should trade at a peer-like P/E multiple in the next year.
This aggregate rating is based on analysts' research of Steel Newco Inc and is not a guaranteed prediction by Public.com or investment advice.
PNFP Analyst Forecast & Price Prediction
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