SouthState Corporation (SSB) shares soared 5.45% on Friday, outperforming the broader market amid continued bullish sentiment from Wall Street analysts. The stock's rally came during the intraday trading session.
Piper Sandler analyst Stephen Scouten maintained a Buy rating on SouthState and set a $12 price target, citing the bank's strong fundamentals and growth prospects. Similarly, KBW's Catherine Mealor reiterated her Buy rating on the stock, reflecting confidence in SouthState's strategic initiatives and potential for earnings expansion.
The positive analyst commentary underscores SouthState's robust financial performance and provides further upside catalysts for the stock. Investors appear to be responding favorably to the reiterated Buy ratings, driving the shares higher on Friday.
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