Rating Change
Raymond James analysts downgraded Carter Bankshares, Inc. (NASDAQ:CARE) from Outperform to Market Perform on July 01, 2026.
downgradeNASDAQ:CARE
Carter Bankshares, Inc. (CARE) Downgraded to Market Perform by Raymond James
Rating Change Raymond James analysts downgraded Carter Bankshares, Inc. (NASDAQ:CARE) from Outperform to Market Perform on July 01, 2026. Market Context Carter Bankshares, Inc.
Market Context
Carter Bankshares, Inc. operates in the Financial Services sector. The stock currently trades at $34.59 with a market capitalization of $453.3M.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Raymond James's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Carter Bankshares, Inc.
Among the 10 most recent ratings: 4 Buy, 6 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Jul 01, 2026 | Raymond James | Market Perform | N/A |
| Jun 03, 2026 | Hovde Group | Market Perform | N/A |
| May 15, 2026 | Freedom Broker | Hold | N/A |
| Oct 02, 2024 | Hovde Group | Outperform | N/A |
| Aug 29, 2024 | Raymond James | Outperform | N/A |
Related Tools: Analyst Ratings Dashboard | View CARE Stock Page
Frequently Asked Questions
What does a Market Perform rating mean for CARE?
A Market Perform rating from Raymond James reflects the analyst's outlook on Carter Bankshares, Inc. (NASDAQ:CARE). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the CARE forecast page.