Piper Sandler Raises Charles Schwab Price Target to $105

Piper Sandler has raised its price target for Charles Schwab (SCHW) to $105. The firm stated that an improvement in net interest margin (NIM) will create upside potential for the company's revenues. Analysts anticipate that changes in interest rates will positively impact Schwab's profitability. The investment bank noted that a decline in Schwab's deposit costs and an increase in asset management revenues will support the net interest margin. It also highlighted that the company's low-cost deposit base reduces its sensitivity to interest rates. While maintaining an 'Overweight' rating on Schwab, Piper Sandler revised its earnings per share estimates upward. Analysts raised their 2024 EPS estimate from $3.50 to $3.70. This is not investment advice.

📊 SCHW — Piyasa Yorumu

▲ up · 60%

Piper Sandler's target price increase can be seen as a positive signal from the institutional side. However, the stock fell 2.8% in the last close, and the RSI at 38.6 is approaching oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, weighing on the technical outlook. While the target price hike could trigger a short-term recovery, the current technical weakness poses a risk of limited upside.

RSI 14

38.6

MACD

-0.45

24h Δ

-2.82%

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