$ZION

DA Davidson raises Zions Bancorp stock price target on earnings beat

DA Davidson raised its price target for Zions Bancorp (ZION) to $80 from $79, citing an earnings beat driven by provision benefits. The bank reported core EPS of $1.73, exceeding forecasts. ZION trades at a P/E of 8.05 and PEG of 0.17. Six analysts revised earnings upwards. The bank projects 8%-12% net interest income growth. Q3 2026 EPS was $1.78, beating estimates, but revenue missed forecasts. Jefferies lowered its target to $75.

Original reporting
Published Oct 20, 2026, 2:02 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 20, 2026, 2:13 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefEarnings
Primary signal
$ZION
Bullish
high confidence
Mentioned
$ZION
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$ZIONBullishMed
01

Why it matters

The earnings beat and target raise provide a fresh catalyst for the stock, likely prompting buying interest.

02

Market read

The new earnings data and analyst upgrade create short‑term buying opportunity for ZION.

03

What to watch

Potential pressure from net interest margin compression could limit upside.

Relevance 7/10Novelty 7/10Timing: pre‑market today

Background

Zions Bancorp reported Q3 2026 earnings with EPS $1.73 beating forecasts, while revenue missed estimates. Analyst DA Davidson raised its price target by $1.

Company-level read

Ticker impact

$ZIONBullishHigh confidence
Context

DA Davidson raised its price target on Zions Bancorp to $80 after the bank reported an earnings beat of $1.73 EPS.

Expected impact

likely upward pressure as the market prices in the higher target and earnings beat

Evidence & confidence

The price‑target raise and better‑than‑expected EPS provide a fresh catalyst for buying interest.

Market effects

Positive earnings beat may lift regional banking peers.

U.S. banking sector could see modest gains in early trade.

Limited to U.S. financial markets.

Counterpoint

If the earnings beat is already priced in, the target raise may not translate into further upside.

Key entities

  • Zions Bancorp

    U.S. regional bank (NASDAQ:ZION) reporting earnings beat.

  • DA Davidson

    Research firm that raised the price target on ZION.

Related articles

$ZIONMed

Zions (ZION) Q3 2026 Earnings Call Transcript

Zions (ZION) reported Q3 2026 net interest margin at 3.23%, down from prior periods. Loans grew 3.7% annualized, deposits 8.8%. Adjusted pre-provision net revenue was $338M, up 2% QoQ. The company acquired a multifamily agency lending business, expecting $17M-$20M revenue in 2027. Wealth management and strategic products drive growth. Net interest income rose 1% QoQ to $684M, but margin declined due to higher deposit costs.

$ZIONMed

TD Cowen reiterates Hold rating on Zions Bancorp, $69 price target

TD Cowen maintained a Hold rating on Zions Bancorp with a $69 price target, implying a 298.8% upside from the Oct 19 close of $17.30. The bank's recent earnings missed expectations due to weaker net interest income and higher expenses, raising concerns about growth and execution risk. Loan growth guidance is modest, and the bank relies on net interest margin expansion for income.

$ZIONMed

Jefferies cuts Zions Bancorp stock price target on NII miss

Jefferies reduced Zions Bancorp's (ZION) price target to $75 from $80, citing a net interest income (NII) miss, though it maintained a Buy rating. ZION reported core EPS of $1.77, beating estimates, but core pre-provision net revenue missed expectations. The stock has a P/E ratio of 8.05 and a PEG ratio of 0.19, suggesting undervaluation. ZION guided for 8-12% NII growth over the next 12 months and a mid-3% net interest margin by 2027.

$ZIONHighAI 8/10

Zions Bancorp NA (ZION) (Q3 2026) Earnings Call Highlights: Earnings Jump 20% as Deposits

Zions Bancorp (ZION) reported Q3 2026 earnings up 20%, driven by deposit growth. Net interest margin fell 4 basis points sequentially. Full-year 2026 operating leverage guidance was cut to 40-50 basis points. Loan growth outlook was reduced to 2-4% for Q3 2027, with caution on commercial real estate. Deposit costs are expected to rise to 2%. The company anticipates $17-20M revenue from the Basis acquisition in 2027. Share buybacks may increase, subject to regulatory approval.

$ZIONMed

Zions Bancorporation Q3 Earnings Improve

Zions Bancorporation reported Q3 2026 earnings per share rose 20% to $1.78, driven by improved credit quality. Net income increased to $262M from $221M YoY. Non-interest income and net interest income also grew, while total interest income declined slightly.

$ZIONHigh

What Zions Bancorporation, N.A. (ZION) Said on Its Q3 Earnings Call

Zions Bancorporation (ZION) reported Q3 2027 earnings, expecting net interest income to rise 8-12% YoY. Deposit costs increased 11 basis points, with fee income up 5% YoY. The bank acquired Basis Investment Group's multifamily agency lending business, expecting $17-20M revenue in 2027. Loans grew 3.7% annualized, with stable credit quality and capital ratios.