Evercore

EVR · NYSE

$252.10+$4.14 (+1.67%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $247.96

EVR analyst rating

BuyConsensus of 6 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy3
Hold3
Underperform0
Sell0

12-month price target · 11 analysts

Average $382.84 (+51.9% upside)

Low: $334.31
Now: $252.10
High: $425.25

Upgrades and downgrades

The latest rating actions, newest first

EVR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 8, 2026	Maintains	Equal-Weight	$363.00 → $315.00	40%
UBS	Oct 7, 2026	Maintains	Neutral	$359.00 → $318.00	43%
Goldman Sachs	Oct 1, 2026	Maintains	Buy	$377.00 → $331.00	50%
BMO Capital	Aug 3, 2026	Maintains	Market Perform	$390.00 → $338.00	56%
UBS	Jul 30, 2026	Maintains	Neutral	$350.00 → $359.00	43%
Morgan Stanley	Jul 30, 2026	Maintains	Equal-Weight	$376.00 → $363.00	40%
Keefe, Bruyette & Woods	Jul 30, 2026	Maintains	Outperform	$390.00 → $375.00	50%
Keefe, Bruyette & Woods	Jul 10, 2026	Maintains	Outperform	$375.00 → $390.00	50%
UBS	Jul 8, 2026	Maintains	Neutral	$330.00 → $350.00	43%
UBS	Apr 30, 2026	Maintains	Neutral	$313.00 → $330.00	43%

The case for and against

Updated Jan 19, 2026

Bull case

Evercore's strong financial performance is highlighted by a 23% year-over-year increase in advisory revenues, reaching $698 million, which significantly surpassed consensus estimates by 19%. The firm's revenue projections for 2025 and 2026 have been positively adjusted due to anticipated growth in advisory and underwriting fees, alongside improved investment management revenue, driven by lower income tax burdens. Despite potential risks from policy uncertainty and the geopolitical environment, the outlook for merger and acquisition activity is expected to strengthen in the latter half of 2025 and into 2026, supporting Evercore's revenue momentum.

Bear case

Evercore's compensation ratio for the second quarter declined by 30 basis points quarter-over-quarter to 65.4%, making it the only firm within its coverage to report a decrease in this metric during the quarter. Additionally, expectations of an increase in merger and acquisition activity have led to a downward revision of future compensation ratios to 65.0% and 62.0% for the years 2025 and 2026, respectively, reflecting a faltering outlook compared to the previously estimated 65.3% and 62.1%. The company's reliance on advisory revenues raises concerns about sustainability, particularly as declining ratios may indicate increasing operational challenges in a competitive landscape.

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.