There is no shortage of investors who are bullish on Discover Financial Services (DFS) stock

Discover Financial Services [DFS] stock prices are up 1.09% to $111.49 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DFS shares have gain 5.77% over the last week, with a monthly amount glided 14.00%, and seem to be holding up well over a long-time horizon.

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On 23, January 2023, Discover Financial Services to Present at Credit Suisse Financial Services Forum. In a post published today on Yahoo Finance, John Greene, executive vice president and chief financial officer of Discover, will present at the Credit Suisse Financial Services Forum on Tuesday, February 14, 2023, at 10:15 a.m. ET.

From an analyst’s perspective:

Discover Financial Services [NYSE: DFS] stock has seen the most recent analyst activity on January 06, 2023, when Barclays downgraded its rating to a Equal Weight and also boosted its price target to $120 from $115. Previously, BofA Securities downgraded its rating to Underperform on December 13, 2022. On November 21, 2022, UBS initiated with a Neutral rating and assigned a price target of $120 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $116 on October 26, 2022. JP Morgan downgraded its rating to a Neutral and reduced its price target to $113 on September 06, 2022. Citigroup downgraded its rating to Neutral for this stock on July 22, 2022, and downed its price target to $115. In a note dated May 12, 2022, Wolfe Research downgraded an Peer Perform rating on this stock but restated the target price of $97.

The stock price of Discover Financial Services [DFS] has been fluctuating between $87.64 and $129.12 over the past year. Currently, Wall Street analysts expect the stock to reach $116.11 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $111.49 at the most recent close of the market. An investor can expect a potential return of 4.14% based on the average DFS price forecast.

Analyzing the DFS fundamentals

The most recent quarter, Discover Financial Services [NYSE:DFS] reported sales of 3.86 billion, representing a surge of 25.50%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 109.56 points at the first support level, and at 107.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.89, and for the 2nd resistance point, it is at 114.30.

Discover Financial Services [DFS] reported earnings per share of $3.54 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.72/share, meaning a difference of -$0.18 and a surprise factor of -4.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $3.96 per share as compared to estimates of $3.78 per share, a difference of $0.18 representing a surprise of 4.80%.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 8,664 shares and 7 insider sales totaling 23,796 shares over the past 3 months. Recent insider trading involved Moskow Michael H, Director, that happened on Dec 07 when 1291.0 shares were sold. SVP, Controller & CAO, Kolsky Shifra completed a deal on Feb 15 to sell 800.0 shares. Meanwhile, EVP, Chief Financial Officer Greene John sold 4443.0 shares on Feb 15.