Western Alliance Bancorporation (WAL) Stock Forecast & Price Target

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$55.25

-0.91 (-1.62%)

(As of 04/16/2024 ET)

Western Alliance Bancorporation Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$66.60
20.54% Upside

High Forecast	$91.00
Average Forecast	$66.60
Low Forecast	$32.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.60	$62.35	$56.50	$74.00
Predicted Upside	20.54% Upside	31.80% Upside	35.50% Upside	75.06% Upside

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WAL Analyst Ratings 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.

WAL 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.

Western Alliance Bancorporation Stock vs. The Competition

Type	Western Alliance Bancorporation	Finance Companies	S&P 500
Consensus Rating Score	2.80	2.43	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	19.87% Upside	80.73% Upside	11.53% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

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
4/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $68.00	+17.10%
4/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$78.00	+27.76%
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $70.00	+14.08%
4/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $85.00	+39.89%
4/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$80.00	+24.61%
3/21/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$85.00	+33.40%
Get the Latest News and Ratings for WAL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Western Alliance Bancorporation and its competitors with MarketBeat's FREE daily newsletter.
3/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$91.00	+51.67%
1/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$76.00 ➝ $82.00	+17.24%
10/23/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $59.00	+41.42%
10/20/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Chiaverini Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$55.00	+17.02%
7/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$61.00 ➝ $66.00	+42.24%
7/19/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$65.00	+44.38%
6/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$41.00	+11.56%
5/16/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$48.00 ➝ $42.00	+36.54%
4/19/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$32.00	-1.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:52 PM ET.

WAL Price Target - Frequently Asked Questions

What is Western Alliance Bancorporation's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for Western Alliance Bancorporation stock is Moderate Buy based on the current 3 hold ratings and 12 buy ratings for WAL. The average twelve-month price prediction for Western Alliance Bancorporation is $66.60 with a high price target of $91.00 and a low price target of $32.00. Learn more on WAL's analyst rating history.
Do Wall Street analysts like Western Alliance Bancorporation more than its competitors?: Analysts like Western Alliance Bancorporation more than other Finance companies. The consensus rating for Western Alliance Bancorporation is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how WAL compares to other companies.
Does Western Alliance Bancorporation's stock price have much upside?: According to analysts, Western Alliance Bancorporation's stock has a predicted upside of 28.70% based on their 12-month stock forecasts.

What analysts cover Western Alliance Bancorporation?: Western Alliance Bancorporation has been rated by Barclays, Citigroup, DA Davidson, Jefferies Financial Group, JPMorgan Chase & Co., Royal Bank of Canada, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:WAL) was last updated on 4/16/2024 by MarketBeat.com Staff

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Western Alliance Bancorporation (WAL) Stock Forecast & Price Target

Western Alliance Bancorporation Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

WAL Analyst Ratings By Month

WAL Price Targets by Month

Western Alliance Bancorporation Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

WAL Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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