PINNACLE FINANCIAL P

PNFP
Real-time Estimate Quote. Real-time Estimate  - 09/16 12:09:52 pm
89.375USD -2.68%

Pinnacle Financial Partners, Inc. : Towards the breakout of a major resistance level

07/29/2021 | 04:56am
Jordan Dufee
Senior Analyst

Strategy published on : 07/29/2021 | 04:56

long trade
Live

Entry price : 91.99$
Target : 110$
Stop-loss : 80$
Potential : 19.58%

Pinnacle Financial Partners, Inc. shares are trading close to a resistance zone which currently limits any upside potential. We expect that this level will be broken due to the stock's technical chart pattern.
Investors have an opportunity to buy the stock and target the $ 110.

Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

● The opinion of analysts covering the stock has improved over the past four months.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.


Weaknesses

● The company is not the most generous with respect to shareholders' compensation.

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