Pathward Financial

CASH · NASDAQ

$73.93+$1.69 (+2.33%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $72.24

CASH analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $103.02 (+39.4% upside)

Low: $97.97
Now: $73.93
High: $110.25

Upgrades and downgrades

The latest rating actions, newest first

CASH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Jul 23, 2026	Maintains	Overweight	$107.00 → $105.00	46%
Keefe, Bruyette & Woods	Jul 23, 2026	Maintains	Outperform	$108.00 → $97.00	68%
Keefe, Bruyette & Woods	Apr 23, 2026	Maintains	Outperform	$100.00 → $108.00	68%
Piper Sandler	Mar 12, 2026	Initiates	Overweight	$107.00	46%

The case for and against

Updated Oct 14, 2025

Bull case

Pathward Financial Inc.'s performance reflects a robust financial structure, highlighted by a nearly 6% increase in total revenues while expenses rose by less than 1% year-over-year, demonstrating scalability in its tax business. The company's provisioning saw an increase in the allowance to 1.76%, up by 69 basis points, indicating a proactive approach to managing risk, particularly during tax season, while remaining within normal volatility levels. Additionally, management expressed confidence in the growth of the commercial finance segment, supported by enhanced liquidity from the sale of the transportation book and cash flows from the securities portfolio, which together free up approximately $400 million for further investment.

Bear case

Pathward Financial has experienced a 2% quarter-over-quarter contraction in end-of-period loan balances, resulting from the sale of its transportation portfolio, which raises concerns about the sustainability of its loan growth. Additionally, deposit balances have declined by 9% year-over-year, primarily due to the reduction in government Economic Impact Payment (EIP) stimulus dollars, highlighting a weakening in liquidity and customer deposits. Furthermore, while the company saw some strength in tax-related fees, overall total fees fell short of expectations, indicating potential weaknesses in revenue consistency and growth outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.