Seaport Global Raises PT on Synchrony Financial to $76

Synchrony Financial (NYSE: SYF) is considered one of the 10 Best Cheap Stocks to Buy according to Billionaire Ray Dalio. Bridgewater Associates holds over $33 million worth of SYF shares, representing 0.15% of its portfolio. Seaport Global raised SYF’s price target from $66 to $76, maintaining a ‘Buy’ rating. Despite concerns about credit losses, SYF’s Q1 2025 net earnings dropped by 41%, but adjusted earnings rose by 54% to $491 million due to increased operational efficiency. The company also initiated a $2.5 billion share repurchase program and a 20% dividend increase.

Based in the U.S., Synchrony Financial (NYSE: SYF) offers private-label and co-branded credit cards, installment loans, and consumer banking services. While SYF is a potential investment, certain AI stocks may offer greater upside potential and lower downside risk. For more information on an undervalued AI stock that could benefit from current trends, check out the free report on the best short-term AI stock.

Seaport Global has raised its price target on Synchrony Financial (SYF) from $66 to $76, maintaining a ‘Buy’ rating. Despite concerns over credit losses and sluggish loan growth, the analyst has improved sentiment about the company. SYF’s Q1 2025 net earnings dropped by 41%, but adjusted earnings rose by 54% to $491 million due to increased operational efficiency. The company also initiated a $2.5 billion share repurchase program and a 20% dividend increase.

Read more at Yahoo Finance: Seaport Global Raises PT on Synchrony Financial (SYF); Maintains ‘Buy’ Rating