Goldman Sachs Resumes E*TRADE (ETFC) at Neutral, Unique Story Priced In
Tweet
Share
E-mailGet Alerts ETFC Hot Sheet
Price: $49.26 --0%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Goldman Sachs resumes coverage on E*TRADE (NASDAQ: ETFC) with a Neutral rating and $11 price target.
The firm said E*TRADE is the "most unique story in the group, with several firm-specific catalysts that could drive 2X EPS growth over the next three years, with the biggest tailwind related to improving credit at the bank." That said, at 20X NTM P/E the upside scenario is priced in and they would wait for a better entry point.
For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.
Shares of E*TRADE closed at $10.66 yesterday.
The firm said E*TRADE is the "most unique story in the group, with several firm-specific catalysts that could drive 2X EPS growth over the next three years, with the biggest tailwind related to improving credit at the bank." That said, at 20X NTM P/E the upside scenario is priced in and they would wait for a better entry point.
For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.
Shares of E*TRADE closed at $10.66 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Starts Faeth Therapeutics (FTH) at Buy
- BMO Capital Starts Broadcom Limited (AVGO) at Outperform
- D. Boral Capital Starts Eve Holding Inc. (EVEX) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
