Barclays Raises PT on Capital One Financial to $271, Keeps Buy Rating

Capital One Financial Corporation (NYSE:COF) is one of Warren Buffett’s 10 Stock Picks with the Strongest Upside Potential. On October 22, Barclays raised the price target on Capital One Financial Corporation (NYSE:COF) from $257 to $271, keeping the Buy rating.

Terry Ma from Barclays upgraded the price target on COF following strong Q3 2025 results. Barclays was optimistic about Capital One following the Discover Financial Services (DFS) deal during the second quarter. Capital One posted adjusted earnings per share of $5.95, exceeding estimates by $1.59 per share. The revenue came in at $15.36 billion, up by 23% from Q2 2025 and beating estimates by $276.54 million, driven by the effect of the DFS acquisition.

The DFS purchase volume also added to strong growth in the domestic card segment, which helped year-over-year purchase volume to grow by 39%. On top of these strong results, the company has also authorized a new $16 billion share buyback plan and intends to increase its quarterly common stock dividend from $0.60 to $0.80 per share.

In the last six months, COF shares have returned over 31%, as of October 21.

Capital One Financial Corporation (NYSE:COF) is a diversified financial services firm that offers various products, including credit cards, auto loans, savings, and checking accounts. Capital One also provides commercial banking services.

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