Can the Suncorp (ASX:SUN) share price go higher from here? // Motley Fool Australia

The Suncorp Group Ltd (ASX: SUN) share price was on form on Wednesday and charged notably higher.

The insurance and banking giant’s shares rose almost 4% to $9.50.

Can the Suncorp share price go higher from here?

According to one leading broker, there could be plenty more upside for the Suncorp share price over the next 12 months.

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $10.86 price target on the company’s shares following its quarterly update.

This price target implies potential upside of 14% excluding dividends, even after factoring in today’s solid gain.

What did the broker say?

Goldman has been looking through Suncorp’s first quarter banking update and notes that its home…