• Discover Financial Services (NYSE:DFS) receives a new price target of $214 from Wells Fargo, indicating a potential upside.
• The company's stock price has nearly doubled over the past year, partly due to a merger with Capital One Financial.
• Despite potential risks, Discover's banking operations and consistent EPS outperformance highlight its market resilience.

Discover Financial Services (NYSE:DFS) is a prominent player in the financial services industry, known for its credit card offerings, banking services, and payment solutions. The company competes with other financial giants like Capital One and American Express. Recently, Donald Fandetti from Wells Fargo set a new price target for DFS at $214, a 6.49% increase from its current trading price of $200.96.

Discover has shown remarkable growth, with its stock price nearly doubling over the past year. This growth is partly due to a merger with Capital One Financial, which has strengthened its market position. Despite the merger, Discover has consistently exceeded earnings per share (EPS) estimates, indicating strong independent performance. The stock's price-to-earnings (P/E) ratio remains below the sector median, highlighting its value.

The stock for DFS is currently priced at $200.96, reflecting a 1.75% increase or $3.46. Today, the stock has fluctuated between a low of $196.01 and a high of $204.93, marking its highest price over the past year. The lowest price DFS has reached in the past year is $101.71. The company has a market capitalization of approximately $50.5 billion.

Despite its strong performance, Discover faces potential risks such as interest rate cuts and legislative changes that could impact the credit card market. However, its banking operations provide stability amidst these uncertainties. As highlighted by Seeking Alpha, Discover's Q4 results demonstrate its resilience and ability to navigate challenges effectively.

Today's trading volume for DFS is 2,101,493 shares, indicating active investor interest. The company's ability to maintain growth and stability in a competitive market makes it a noteworthy player in the financial services sector.