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Analysts Are Bullish on Top Financial Stocks: Abacus Global Management (ABX), Western Alliance (WAL)

Tipranks - Thu May 14, 7:24AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Abacus Global Management (ABX) and Western Alliance (WAL) with bullish sentiments.

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Abacus Global Management (ABX)

Maxim Group analyst Michael Diana reiterated a Buy rating on Abacus Global Management yesterday and set a price target of $15.00. The company’s shares closed last Tuesday at $9.34.

According to TipRanks.com, Diana is a 4-star analyst with an average return of 2.7% and a 53.6% success rate. Diana covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, SLR Investment Corp., and Cullen/Frost Bankers. ;'>

Currently, the analyst consensus on Abacus Global Management is a Strong Buy with an average price target of $13.10, a 41.3% upside from current levels. In a report issued on May 7, Northland Securities also maintained a Buy rating on the stock with a $13.50 price target.

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Western Alliance (WAL)

D.A. Davidson analyst Gary Tenner reiterated a Buy rating on Western Alliance yesterday and set a price target of $90.00. The company’s shares closed last Tuesday at $77.56.

According to TipRanks.com, Tenner is a 5-star analyst with an average return of 16.7% and a 77.1% success rate. Tenner covers the Financial sector, focusing on stocks such as West Coast Community Bancorp, Pinnacle Financial Partners, and Private Bancorp of America. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Alliance with a $87.70 average price target, implying a 14.4% upside from current levels. In a report issued on April 27, Piper Sandler also maintained a Buy rating on the stock with a $92.00 price target.

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