Nomura analyst Shengbo Tang maintained a Buy rating on Noah Holdings (NYSE:NOAH) on Tuesday, setting a price target of $37.97, which is approximately 25.44% above the present share price of $30.27.
Tang expects Noah Holdings to post earnings per share (EPS) of $3.94 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Noah Holdings, with an average price target of $39.09.
The analysts price targets range from a high of $40.2 to a low of $37.97.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $746.12 million and a net profit of $256.26 million. The company's market cap is $1.87 billion.
According to TipRanks.com, Nomura analyst Shengbo Tang is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 57.14% success rate.
Noah Holdings Ltd . provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Internet Finance. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China. The Asset Management segment manages and develops financial products denominated in both RMB and U.S. dollars, covering real estate funds and funds of funds, including private equity, real estate, secondary market equity, and fixed income funds of funds. The Internet Finance segment provides financial products and services through a proprietary internet finance platform to white-collar professionals in China. Noah Holdings was founded by Jingbo Wang, Zhe Yin & Boquan He in 2005 and is headquartered in Shanghai, China.