Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com - DA Davidson raised its price target on Zions Bancorp (NASDAQ:ZION) to $66.00 from $57.00 on Tuesday, while maintaining a Buy rating on the stock. The new target aligns with InvestingPro analysis, which indicates the stock is currently undervalued. Trading at a P/E ratio of just 4.5x and showing strong momentum with an 18% return over the past year, Zions has caught analysts’ attention.
The firm noted that Zions management had previously been cautious about revenue outlook in April, but has since updated their stance as the economy performed better than expected.
Management is now "incrementally more optimistic" about the second half of 2025 and has slightly raised its revenue outlook, according to DA Davidson.
The bank’s investments in marketing and hiring more revenue producers are beginning to show positive results on the revenue side, the research firm reported.
DA Davidson also highlighted that after three consecutive quarters of increases in classified and criticized loans, Zions saw a decline in total classified loans, with management expecting this improving trend to continue.
In other recent news, Zions Bancorporation reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company posted earnings per share of $1.63, exceeding the forecasted $1.31, which represents a 24.43% surprise. Additionally, Zions Bancorporation’s revenue reached $838 million, outperforming the projected $811.06 million. In another development, Jefferies upgraded Zions Bancorp’s stock rating from Underperform to Hold, citing the bank’s strong second-quarter performance as a key factor. The firm also raised its price target for the stock to $60.00 from $45.00. Jefferies highlighted a more optimistic outlook on growth drivers such as loans, net interest income, and fees. These recent developments provide insights into the company’s current financial health and analyst perspectives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.