Rating Change
Raymond James analysts downgraded Cass Information Systems, Inc. (NASDAQ:CASS) from Outperform to Market Perform on October 23, 2026.
downgradeNASDAQ:CASS
Cass Information Systems, Inc. (CASS) Downgraded to Market Perform by Raymond James
Raymond James analysts downgraded Cass Information Systems, Inc. (NASDAQ:CASS) from Outperform to Market Perform on October 23, 2026.
At publication ·
What changed
Cass Information Systems, Inc. (NASDAQ:CASS) · downgrade
- Firm
- Raymond James
- Rating
- Outperform to Market Perform
- Price at event
- $54.83
- Market capitalization
- $580.9M
At a glance
Key takeaways
- Raymond James downgraded Cass Information Systems from Outperform to Market Perform on October 23, 2026.
Market Context
Cass Information Systems, Inc. operates in the Industrials sector. The stock currently trades at $54.83 with a market capitalization of $580.9M. The stock has gained 44.1% over the past 52 weeks.
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 Cass Information Systems, Inc.
Among the 10 most recent ratings: 7 Buy, 3 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 23, 2026 | Raymond James | Market Perform | N/A |
| Aug 06, 2026 | Piper Sandler | Neutral | N/A |
| Jul 01, 2026 | Raymond James | Outperform | N/A |
| Oct 24, 2025 | Raymond James | Outperform | N/A |
| Jul 15, 2025 | Raymond James | Outperform | N/A |
Related Tools: Analyst Ratings Dashboard | View CASS Stock Page
Frequently Asked Questions
What does the Market Perform rating mean for CASS?
A rating of Market Perform from Raymond James reflects the analyst's outlook on Cass Information Systems, Inc. (NASDAQ:CASS). 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 CASS forecast page.