Shares of TPG, Inc. (TPG) are soaring 5.06% in intraday trading on Thursday, buoyed by a series of positive analyst actions. The stock's surge comes as multiple financial institutions have raised their price targets for the company, signaling growing confidence in TPG's future performance.
Deutsche Bank has taken the lead by significantly increasing its price target for TPG from $57 to $61, while maintaining a Buy rating on the stock. This represents one of the most optimistic outlooks among analysts covering the company. Not far behind, Wells Fargo has also raised its target price from $52 to $56, reiterating its Overweight rating on TPG shares.
These upward revisions in price targets reflect a bullish sentiment among analysts regarding TPG's prospects. According to data from FactSet, the average rating for TPG stands at Overweight, with a mean price target of $52.58. The latest adjustments from Deutsche Bank and Wells Fargo suggest that some analysts see even more upside potential than the consensus estimate. As investors digest this positive analyst sentiment, TPG's stock continues to attract buying interest, driving its impressive intraday performance.
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