1st Source (SRCE) stock surged 5.13% in the pre-market session on Monday, following an analyst upgrade and increased price target from Piper Sandler. The analyst firm raised its rating on SRCE to Overweight from Neutral, citing expectations of "superior" operating performance.
Additionally, Piper Sandler lifted its price target on the stock to $72.50 from $70, reflecting a more optimistic outlook. The positive analyst action boosted investor sentiment, driving SRCE shares higher.
According to analysts polled by FactSet, 1st Source now carries an average rating of Overweight and a mean price target of $69.50, indicating potential upside from current levels.
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