Wells Fargo & Company (WFC) Stock Forecast & Price Target

$57.28

+0.12 (+0.21%)

(As of 10/8/2024 ET)

Wells Fargo & Company - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
0

Hold
11

Buy
8

Based on 19 Wall Street analysts who have issued ratings for Wells Fargo & Company in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 11 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for WFC.

Consensus Price Target

$60.65
5.88% Upside

According to the 19 analysts' twelve-month price targets for Wells Fargo & Company, the average price target is $60.65. The highest price target for WFC is $68.00, while the lowest price target for WFC is $48.80. The average price target represents a forecasted upside of 5.88% from the current price of $57.28.

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WFC Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	12 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$60.65	$60.29	$59.36	$48.02
Forecasted Upside	5.88% Upside	11.66% Upside	-0.57% Downside	20.95% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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WFC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WFC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wells Fargo & Company Stock vs. The Competition

Type	Wells Fargo & Company	Finance Companies	S&P 500
Consensus Rating Score	2.47	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	5.42% Upside	16.49% Upside	7.88% Upside
News Sentiment Rating	Positive News See Recent WFC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/8/2024	Wolfe Research 3 of 5 stars		Upgrade	Peer Perform ➝ Outperform	$65.00	+13.72%
10/2/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$65.00 ➝ $68.00	+22.99%
9/30/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$68.00 ➝ $67.00	+19.32%
9/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$68.00 ➝ $65.00	+21.88%
9/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$65.00	+11.17%
8/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold	$62.00 ➝ $59.00	+7.10%
Get the Latest News and Ratings for WFC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Wells Fargo & Company and its competitors with MarketBeat's FREE daily newsletter.
7/15/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$62.00 ➝ $61.00	+5.81%
7/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$55.00 ➝ $57.00	-5.44%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$59.00 ➝ $61.50	+3.27%
4/15/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$57.00 ➝ $66.00	+14.13%
4/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/9/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$64.00	+10.75%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$55.00 ➝ $60.00	+4.15%
3/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$57.00 ➝ $63.00	+11.11%
1/18/2024	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$48.80	+4.56%
1/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$51.00 ➝ $50.00	+6.77%
1/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$55.00 ➝ $58.00	+22.36%
1/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$55.00	+10.18%
1/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$54.00 ➝ $66.00	+34.09%
10/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$51.00 ➝ $53.00	+33.50%
8/1/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$50.00 ➝ $52.50	+13.73%
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/24/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	$45.00 ➝ $42.00	+14.72%
1/13/2023	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ken Leon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Buy	$50.00	+13.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:09 PM ET.

Should I Buy Wells Fargo & Company Stock? WFC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Wells Fargo & Company pros and cons to contact@marketbeat.com.

Wells Fargo & Company
Bull Case

Here are some ways that investors could benefit from investing in Wells Fargo & Company:

Wells Fargo & Company has a market cap of $179.65 billion, indicating its significant size and stability in the market.
The company recently increased its quarterly dividend from $0.35 to $0.40 per share, showing a commitment to rewarding shareholders.
Wells Fargo & Company reported a strong return on equity of 12.30%, reflecting efficient use of shareholder funds to generate profits.
With a PE ratio of 10.84, the stock may be considered undervalued compared to industry peers, potentially offering a good entry point for investors.
Despite recent fluctuations, Wells Fargo & Company's stock price has shown resilience, indicating investor confidence in the company's future prospects.

Wells Fargo & Company
Bear Case

Investors should be bearish about investing in Wells Fargo & Company for these reasons:

The company's current ratio of 0.86 and quick ratio of 0.85 suggest potential liquidity challenges in meeting short-term obligations.
Wells Fargo & Company's debt-to-equity ratio of 1.11 indicates a relatively high level of debt, which may pose risks in times of economic uncertainty.
Analysts have mixed ratings on the stock, with only a few giving strong buy recommendations, signaling uncertainty in the company's future performance.
The stock's 50-day simple moving average is below its 200-day moving average, potentially indicating a bearish trend in the short to medium term.
Despite positive earnings results, Wells Fargo & Company's revenue growth has been modest, which could limit potential upside for investors seeking high-growth opportunities.

WFC Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Wells Fargo & Company is $60.65, with a high forecast of $68.00 and a low forecast of $48.80.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 11 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFC, but not buy additional shares or sell existing shares.
: According to analysts, Wells Fargo & Company's stock has a predicted upside of 5.88% based on their 12-month stock forecasts.
: Over the previous 90 days, Wells Fargo & Company's stock had 2 upgrades and 1 downgrade by analysts.
: Wells Fargo & Company has been rated by research analysts at BMO Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, Keefe, Bruyette & Woods, Morgan Stanley, The Goldman Sachs Group, and Wolfe Research in the past 90 days.
: Wells Fargo & Company also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like Wells Fargo & Company more than other "finance" companies. The consensus rating score for Wells Fargo & Company is 2.47 while the average consensus rating score for "finance" companies is 2.47. Learn more on how WFC compares to other companies.