Seaport Global Raises PT on Synchrony Financial (SYF); Maintains ‘Buy’ Rating

Synchrony Financial (NYSE:SYF) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $33 million worth of shares of SYF, which represents 0.15% of its portfolio.

Seaport Global Raises PT on Synchrony Financial (SYF) from $66 to $76; Maintains ‘Buy’ Rating

A close-up of a modern payments terminal with a pile of credit cards on the side.

Seaport Global increased its price target on Synchrony Financial (NYSE:SYF) from $66 to $76, maintaining a ‘Buy’ rating. Despite the broader concerns over rising credit losses and sluggish loan growth in the market, the analyst attributed this update to improved sentiment about the company. Despite a 41% drop in the company’s Q1 2025 net earnings, its adjusted earnings rose 54% to $491 million due to its increased operational efficiency. Moreover, Synchrony Financial (NYSE:SYF) also initiated a $2.5 billion share repurchase program, along with a 20% increase in dividend, reinforcing the analyst’s improved sentiment about the company.

Based in the U.S., Synchrony Financial (NYSE:SYF) offers private-label and co-branded credit cards, installment loans, and consumer banking services across various sectors. It is among the list of cheap stocks to buy.

While we acknowledge the potential of SYF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SYF and that has 100x upside potential, check out our report about this cheapest AI stock.

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