BTIG analyst Vincent Caintic reiterated a Buy rating on Synchrony Financial yesterday and set a price target of $100.00.
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Vincent Caintic has given his Buy rating due to a combination of factors that suggest a positive outlook for Synchrony Financial. Despite a temporary dip in 2025 revenues, which was attributed to faster payment speeds and fewer late fees resulting from an improved customer credit mix, Caintic sees this as a precursor to stronger growth in 2026. The improved credit performance is expected to allow Synchrony to expand its credit offerings, thereby accelerating growth.
Furthermore, Caintic highlights that Synchrony’s recent earnings call provided insights into the company’s strategic adjustments, including the relaxation of tighter underwriting practices. This change is anticipated to enhance growth rates, potentially leading to a return to historical growth levels. Additionally, significant partnerships with major retailers like Walmart and Amazon are expected to contribute to mid-single-digit growth in 2026. Positive trends such as a 10% increase in new accounts and rising transaction frequency and ticket sizes further support the optimistic outlook. Lastly, while the current share repurchase authorization seems conservative, it aligns with Synchrony’s capital targets, suggesting a stable financial position.
In another report released today, KBW also maintained a Buy rating on the stock with a $86.00 price target.