BTIG analyst Vincent Caintic has maintained their bullish stance on SYF stock, giving a Buy rating on August 6.
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Vincent Caintic has given his Buy rating due to a combination of factors surrounding Synchrony Financial’s strategic acquisition and financial outlook. The company recently entered into an agreement to acquire Lowe’s $0.8 billion commercial co-branded credit card portfolio, which is expected to enhance its financial performance. Although Synchrony will record a reserve of up to $50 million in the third quarter of 2025, this is seen as a prudent measure given the lower reserve rate compared to its current levels.
Furthermore, the anticipated onboarding of the portfolio and launch of the new program in the first half of 2026 is projected to positively impact the company’s earnings per share, with an 18-cent lift expected in 2026. Caintic’s valuation of Synchrony Financial is based on a target of 2.3 times the fourth quarter 2026 tangible book value, which aligns with a return on tangible common equity of 21%. These factors, combined with a favorable price-to-earnings ratio, underpin Caintic’s positive outlook on the stock.
According to TipRanks, Caintic is a 2-star analyst with an average return of 0.1% and a 46.30% success rate. Caintic covers the Financial sector, focusing on stocks such as Synchrony Financial, Bread Financial Holdings, and Capital One Financial.
In another report released on August 6, KBW also maintained a Buy rating on the stock with a $82.00 price target.