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Western Alliance Bancorporation (WAL) Stock Forecast & Price Target

$59.48
-0.23 (-0.39%)
(As of 06/18/2024 ET)

Western Alliance Bancorporation - 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

Consensus Price Target

$72.47
21.83% Upside
High Forecast$86.00
Average Forecast$72.47
Low Forecast$41.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
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)
12 Buy rating(s)
13 Buy rating(s)
11 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$72.47$72.47$63.59$59.25
Forecasted Upside21.83% Upside28.11% Upside31.40% Upside63.01% Upside
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WAL 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.
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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.
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Western Alliance Bancorporation Stock vs. The Competition

TypeWestern Alliance BancorporationFinance CompaniesS&P 500
Consensus Rating Score
2.86
2.43
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside21.83% Upside63.17% Upside11.32% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/8/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$70.00+13.03%
4/23/2024Barclays
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 Lower TargetOverweight ➝ Overweight$91.00 ➝ $86.00+43.91%
4/22/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$78.00 ➝ $76.00+29.30%
4/22/2024Truist Financial
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 Lower TargetBuy ➝ Buy$80.00 ➝ $75.00+27.59%
4/22/2024Keefe, Bruyette & Woods
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 Lower TargetOutperform ➝ Outperform$79.00 ➝ $74.00+28.03%
4/22/2024DA Davidson
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 Lower TargetBuy ➝ Buy$85.00 ➝ $78.00+34.95%
4/22/2024Hovde Group
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 Initiated CoverageOutperform$75.00+29.09%
4/19/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$82.00+47.93%
4/10/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$72.00 ➝ $68.00+17.10%
4/8/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$80.00 ➝ $70.00+14.08%
4/4/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$90.00 ➝ $85.00+39.89%
1/29/2024Citigroup
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 Boost TargetBuy ➝ Buy$76.00 ➝ $82.00+17.24%
10/23/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$60.00 ➝ $59.00+41.42%
7/20/2023UBS Group
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 Boost Target$61.00 ➝ $66.00+42.24%
6/28/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$41.00+11.56%
5/16/2023Bank of America
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 Initiated CoverageBuy$48.00 ➝ $42.00+36.54%
4/19/2023Odeon Capital Group
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 Initiated CoverageHold$32.00-1.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:46 PM ET.

WAL Forecast - Frequently Asked Questions

What is Western Alliance Bancorporation's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Western Alliance Bancorporation is $72.47, with a high forecast of $86.00 and a low forecast of $41.00. The consensus rating for Western Alliance Bancorporation stock is Moderate Buy based on the current 2 hold ratings and 12 buy ratings for WAL. 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 28.11% based on their 12-month stock forecasts.

What analysts cover Western Alliance Bancorporation?

Western Alliance Bancorporation has been rated by research analysts at Barclays, DA Davidson, Hovde Group, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Royal Bank of Canada, Stephens, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:WAL) was last updated on 6/19/2024 by MarketBeat.com Staff

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