Banco Macro S.A. (NYSE:BMA) Sees Notable Change in Consensus Price Target

Core Viewpoint - Banco Macro S.A. (NYSE:BMA) has experienced a significant increase in its consensus price target from $96.33 to $130, indicating a positive sentiment among analysts despite a recent decline in stock value [2][4][6] Price Target Changes - The average price target for BMA was $96.33 three months ago, reflecting a notable increase to $130 last month, suggesting improved expectations for the bank's performance [2][3][4] - HSBC has set a more conservative price target of $80, contrasting with the overall upward trend in price targets by other analysts [2][6] Stock Performance - BMA has faced a decline of 15.2% in its stock value over the past four weeks, but it is now considered technically oversold, indicating that selling pressure may be easing [3][6] - The stock's price target increase may signal a favorable outlook for BMA, despite the recent downturn [5][6] Analyst Sentiment - The upward revision in earnings estimates by Wall Street analysts suggests a potential trend reversal for BMA, aligning with the increase in the consensus price target [4][6] - The stable average price target of $96.33 a year ago indicates consistent analyst sentiment until the recent quarter [4]