UBS Raises Price Target#
UBS has increased its price target for Popular, Inc. (NASDAQ:BPOP) from $160 to $170 while maintaining a Buy rating on the stock. Currently, shares are trading at $149.27, reflecting a 60% return over the past year and a 21% increase year-to-date. However, some analysts suggest that the stock may be overvalued at these levels.
Strong Start to the Year#
The firm noted that Popular, Inc. has had a strong start to the year, building momentum as it heads into what is typically its strongest quarter. UBS has designated Popular as a Top Pick, indicating confidence in its performance.
Earnings Estimates Revised#
UBS has also revised its earnings estimates for the company. For fiscal 2026, the earnings per share (EPS) estimate has been raised to $15.16 from $14.55, and for fiscal 2027, it has increased to $16.78 from $16.69. This adjustment comes as two analysts have recently upgraded their earnings forecasts for the upcoming periods. The stock currently has a price-to-earnings (P/E) ratio of 12.17 and a price/earnings to growth (PEG) ratio of 0.27, suggesting that it is attractively valued relative to its growth prospects.
Recent Earnings Report#
In its first-quarter 2026 earnings report, Popular, Inc. showed strong performance with an EPS of $3.78, exceeding analyst expectations by 14.2%. However, the company reported revenue of $835.81 million, which was slightly below forecasts by 1.63%. This mixed result indicates a solid profit performance, but the revenue shortfall may raise questions about future growth. Investors and analysts are closely monitoring these developments, as revenue figures often provide insights into a company's growth trajectory.