• The average price target for Coastal Financial Corporation (NASDAQ:CCB) has increased to $105, indicating a positive sentiment among analysts.
• Despite a recent earnings miss, CCB's earnings have improved from the previous year, with the latest quarterly earnings surpassing the Zacks Consensus Estimate.
• Analyst optimism is reflected in the upward trend of the consensus price target, suggesting potential undervaluation and growth prospects for investors to consider.

Coastal Financial Corporation (NASDAQ:CCB) is a financial institution that has been gaining attention due to its evolving consensus price target. Over the past month, the average price target for CCB was $105, indicating a positive sentiment among analysts. This suggests an expectation of growth or improved performance for the company, which is a promising sign for investors.

In the last quarter, the average price target was $102.5, showing a slight increase from the previous year. This reflects growing confidence in the company's prospects. Despite a recent earnings miss, where CCB reported $0.94 per share against the Zacks Consensus Estimate of $1.03, the earnings still improved from the previous year's $0.66 per share, as highlighted by Zacks.

The stability in the price target over the past year, followed by a recent increase, suggests that analysts have maintained a consistent outlook on CCB. The upward trend in the consensus price target over the past month suggests increasing optimism about Coastal Financial Corporation's future performance. Investors may want to consider this positive sentiment when evaluating the stock. Additionally, the potential undervaluation of CCB, as discussed by Zacks, highlights the importance of considering value, growth, and momentum trends when selecting strong stock picks.