Analyst Ratings on Wells Fargo: A Comprehensive Overview
Over the past three months, Wells Fargo (WFC) has received ratings from seven different analysts, each offering their unique perspective on the stock. These ratings range from bullish to bearish, providing investors with a diverse range of opinions on the company’s prospects.
The table below summarizes the recent ratings from these analysts, showing the changing sentiments over the past 30 days and comparing them to the preceding months:
Total Ratings – Bullish: 3, Somewhat Bullish: 2, Indifferent: 2, Somewhat Bearish: 0, Bearish: 0
Last 30 Days – Bullish: 0, Somewhat Bullish: 1, Indifferent: 0, Somewhat Bearish: 0, Bearish: 0
1 Month Ago – Bullish: 2, Somewhat Bullish: 1, Indifferent: 1, Somewhat Bearish: 0, Bearish: 0
2 Months Ago – Bullish: 1, Somewhat Bullish: 0, Indifferent: 0, Somewhat Bearish: 0, Bearish: 0
3 Months Ago – Bullish: 0, Somewhat Bullish: 0, Indifferent: 1, Somewhat Bearish: 0, Bearish: 0
When it comes to 12-month price targets, analysts have provided insights for Wells Fargo, with an average target of $54.58, a high estimate of $66.00, and a low estimate of $47.00. The current average target represents a 9.16% increase from the previous average target of $50.00.
To gain a deeper understanding of these analyst ratings, let’s explore the recent evaluations and adjustments made by key analysts:
1. Jason Goldberg from Barclays raised the rating to Overweight and increased the price target to $66.00 from $54.00.
2. Dick Bove from Odeon Capital announced a Buy rating with a price target of $56.08.
3. Scott Siefers from Piper Sandler raised the rating to Neutral and set a price target of $47.00, up from $45.00.
4. David Long from Raymond James raised the rating to Strong Buy and increased the price target to $55.00 from $52.00.
5. Betsy Graseck from Morgan Stanley raised the rating to Overweight and set a price target of $54.00, up from $52.00.
6. Richard Ramsden from Goldman Sachs raised the rating to Buy and increased the price target to $50.00 from $45.00.
7. James Fotheringham from BMO Capital raised the rating to Market Perform and set a price target of $54.00, up from $52.00.
These actions taken by analysts reflect their reactions to recent developments related to Wells Fargo. The ratings provided range from Outperform to Underperform, indicating analysts’ expectations for the relative performance of Wells Fargo compared to the broader market.
Analysts’ price targets offer estimates for the future value of Wells Fargo’s stock. By comparing these targets over time, investors can identify trends in analysts’ expectations.
Analyzing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Wells Fargo’s market position. The company’s market capitalization, revenue growth, net margin, return on equity, return on assets, and debt management all play a role in understanding its financial performance.
It’s important to note that analyst ratings are subjective and can be influenced by various factors. Investors should consider these ratings alongside their own research and analysis to make well-informed decisions.
In conclusion, Wells Fargo has received a range of analyst ratings, reflecting diverse perspectives on the stock. By understanding these ratings and considering key financial indicators, investors can gain valuable insights into the company’s market position and make informed investment decisions.
