Deutsche Bank analyst Mark DeVries maintains $Capital One Financial (COF.US)$ with a hold rating, and adjusts the target price from $161 to $215.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 16.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Capital One Financial (COF.US)$'s main analysts recently are as follows:
The outcomes of the recent November election seem to have revitalized business and consumer sentiment, fostering a more favorable environment for a pro-business political landscape, with heightened expectations for the U.S. economy yet reduced prospects for further Federal Reserve easing. This situation is considered favorable for stocks connected with consumer credit and spending, but less advantageous for those linked to the mortgage market, which continues to face challenges due to high interest rates and a limited housing supply. The anticipation of considerable potential upside remains, even for stocks that showed significant performance improvements in 2024.
The firm is optimistic about consumer finance stocks heading into the Q4 results, citing improving consumer metrics and regulatory catalysts. Despite modestly higher interest rates, these factors are not seen as deterrents to the underlying fundamentals or the performance of the stocks. There is a strong belief that the rally will resume for card issuer and network stocks.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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