Does Banc of California (BANC) Have the Potential to Rally 31.48% as Wall Street Analysts Expect?

The consensus price target implies a 31.5% upside for Banc of California (BANC). Although empirical research casts doubt on the predictive power of consensus targets, an upward trend in earnings estimate revisions could signal a near-term stock upside; expected impact is modest and idiosyncratic.

Analysis

The consensus price target implies a 31.5% upside for Banc of California (BANC). Although empirical research casts doubt on the predictive power of consensus targets, an upward trend in earnings estimate revisions could signal a near-term stock upside; expected impact is modest and idiosyncratic.