HSBC Initiates Grupo Financiero Galicia (GGAL) With a Buy, Keeps the PT

​Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is one of the Oversold Financial Stocks to Buy According to Hedge Funds. On September 30, Carlos Gomez-Lopez from HSBC initiated coverage on Grupo Financiero Galicia S.A. (NASDAQ:GGAL) with a Buy rating and a $60 price target.

​The analyst noted that his firm sees Grupo Financiero Galicia S.A. (NASDAQ:GGAL) as one of the largest private financial groups in Argentina. He noted that the company has leading positions in the insurance, asset management, banking, and consumer finance sectors of the region.

​This positive sentiment comes despite the company missing Wall Street estimates during its fiscal second quarter of 2025. The company posted $1.17 billion in revenue, which fell short of the expectation by $332.15 million. Moreover, the EPS of $0.79 was also behind the consensus by $0.33. Regardless, Wall Street’s 12-month price target represents 123.07% upside from the current levels.

​Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial holding company that operates through its subsidiaries to provide various banking and financial services.

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Disclosure: None. This article is originally published at Insider Monkey.