Piper Sandler assumed coverage of Pathward Financial with an Overweight rating and $107 price target. The firm notes the company has above-peer returns across its forecast that should drive multiple expansion with shares trading at a below-peer 10-times 2026. Piper believes its estimates may prove conservative and sees more upside risk on further partner wins as accretive to ROA/ EPS and entering a likely strong Q1 tax season.
