Raymond James Upgrades FSUN to 'Buy', Sets New Price Target
Raymond James lifts FSUN's rating to 'buy' and sets a $47 target, a 21.20% upside from the current price.
Key Points
- On July 1, 2026, Raymond James upgraded FSUN to a 'buy' rating, setting a new price target of $47.
- Raymond James's $47 price target implies 21.20% upside from FirstSun Capital Bancorp's ($FSUN) current $38.78 share price.
- FSUN shares traded near $38.78 on Wednesday, reflecting recent analyst upgrades and institutional interest.
- Insiders, including several key figures, bought shares on June 8, 2026, signaling potential confidence in the company's prospects.
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Raymond James analyst Michael Rose delivered a positive outlook for FSUN on July 1, 2026, upgrading the stock to a 'buy' rating and setting a new price target of $47. This move indicates increased optimism about FSUN's future prospects.
Raymond James vs. the S&P 500
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Other Institutional Activity in FSUN
Several major investment firms have shown interest in FSUN. Wellington Management Group held steady with 2,880,385 shares valued at approximately $105.0 million. BlackRock, Inc. increased its holdings by 21,383 shares, ending with 887,232 shares worth about $32.3 million, marking a 2.5% increase. Stelac Advisory Services LLC and Vanguard Capital Management LLC both opened new positions, acquiring 623,704 and 615,062 shares respectively, valued at $22.7 million and $22.4 million. State Street Corp boosted its stake by 70,946 shares to a total of 529,957 shares, a 15.5% increase, worth around $19.3 million. Mirabella Financial Services LLP significantly increased its position by 293,326 shares, a 176.6% rise, bringing its total to 459,401 shares valued at $16.7 million.
FirstSun Capital Bancorp Stock Down 3.2%
FSUN shares traded near $38.78 on Wednesday. The stock has been gaining attention following Raymond James's recent upgrade. While specific fundamental metrics like market cap and P/E ratio are not available, the stock's price movement suggests positive sentiment among investors.
$FSUN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at FirstSun Capital Bancorp
On June 8, 2026, several insiders, including Sam Edelson, Beverly Elving, David Levy, Peter Murphy, Benjamin Mackovak, and John Fleshood, each purchased 2,099 shares of FSUN. These transactions were not part of a pre-arranged trading plan, indicating potential confidence in the company's direction.
Analysts Set New Price Targets
Raymond James upgraded FSUN to a 'buy' with a new price target of $47 on July 1, 2026. Previously, Stephens & Co. and Piper Sandler maintained 'buy' ratings, with price targets of $43 and $48 respectively. The analyst consensus remains positive, with a strong buy recommendation and a mean target price reflecting potential upside.
Bottom Line
Raymond James's upgrade and new price target for FSUN highlight growing confidence in the company's future. Institutional activity and insider buying further underscore interest in FSUN. Investors will be watching closely to see if this optimism translates into continued stock performance. Keep in mind that analyst ratings and institutional moves are based on past data and may not reflect current conditions.
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