In a Nov 28 report, JP Morgan analysts Harsh Wardhan Modi and Daniel Andrew Tan say DBS stock is likely to reach $70 by December 2026. “The bank is one of the few Asian financial stocks that should be part of global portfolios, in the same way that HDFC Bank, Public Bank, CMB, BCA and CBA have been, to varying degrees, over the last 20 years,” the analysts write.
DBS Group Holdings (SGX:D05
) opened at $60 this morning when markets started trading, a new record high.
Shares of the Singaporean bank crossed the $50 mark in August. DBS is set to announce its 4QFY2025 and FY2025 results on Feb 9.
