Customers Bancorp stock price target raised to $97 by TD Cowen
TD Cowen has increased its price target for Customers Bancorp stock (NYSE:CUBI) to $97, up from $91, while keeping a Buy rating on the shares. Analyst Janet Lee cited strong growth and net interest margin support for substantial 2027 earnings per share growth. The bank is witnessing accelerating loan growth and net interest margin expansion, which are expected to lead to approximately 12% net interest income growth and 20% EPS growth in fiscal year 2027.
Despite higher expenses tempering some EPS upside, the strong top-line momentum makes the earnings setup compelling. CUBI currently trades at 8.2 times its 2027 estimated EPS, marking a 17% discount. With a P/E ratio of 10.47 and a low PEG ratio of 0.15, the stock appears to offer attractive value relative to its growth prospects.
However, InvestingPro data shows the stock is overvalued compared to its Fair Value estimate, making it one of the most overvalued stocks on the platform. Despite a 7% move following the quarterly results, CUBI shares have seen a stronger one-week return of 13.5%, bringing them close to their 52-week high of $86.26.
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