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

$59.24
-1.67 (-2.74%)
(As of 07/18/2024 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

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, 12 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for WFC.

Consensus Price Target

$59.31
0.11% Upside
High Forecast$67.00
Average Forecast$59.31
Low Forecast$48.80

According to the 19 analysts' twelve-month price targets for Wells Fargo & Company, the average price target is $59.31. The highest price target for WFC is $67.00, while the lowest price target for WFC is $48.80. The average price target represents a forecasted upside of 0.11% from the current price of $59.24.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
12 Hold rating(s)
13 Hold rating(s)
12 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$59.31$58.99$58.85$48.13
Forecasted Upside0.11% Upside11.98% Upside12.55% Upside14.74% Upside
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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.
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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.
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Wells Fargo & Company Stock vs. The Competition

TypeWells Fargo & CompanyFinance CompaniesS&P 500
Consensus Rating Score
2.42
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside0.11% Upside37.38% Upside9.11% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Evercore ISI
2 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$70.00 ➝ $67.00+16.08%
7/15/2024Keefe, Bruyette & Woods
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$62.00 ➝ $61.00+5.81%
7/11/2024BMO Capital Markets
3 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$55.00 ➝ $57.00-5.44%
7/3/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$62.00 ➝ $64.00+5.84%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$59.00 ➝ $61.50+3.27%
4/15/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$63.00 ➝ $64.00+11.63%
4/15/2024Argus
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 Boost TargetBuy ➝ Buy$57.00 ➝ $66.00+14.13%
4/15/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
4/9/2024Compass Point
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 Reiterated RatingBuy ➝ Neutral$64.00+10.75%
4/1/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$57.00 ➝ $65.00+12.89%
3/28/2024HSBC
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 Boost TargetHold ➝ Hold$55.00 ➝ $60.00+4.15%
3/20/2024Citigroup
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 Reiterated RatingBuy ➝ Neutral$57.00 ➝ $63.00+11.11%
1/18/2024Odeon Capital Group
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 DowngradeBuy ➝ Hold$48.80+4.56%
1/16/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$51.00 ➝ $50.00+6.77%
1/16/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$55.00 ➝ $58.00+22.36%
1/9/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuy ➝ Hold$51.00+2.17%
1/8/2024Robert W. Baird
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 Reiterated RatingOutperform ➝ Neutral$55.00+10.18%
1/2/2024Barclays
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 Boost TargetOverweight ➝ Overweight$54.00 ➝ $66.00+34.09%
10/12/2023UBS Group
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 Boost Target$51.00 ➝ $53.00+33.50%
8/1/2023Atlantic Securities
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 Boost TargetOverweight ➝ Overweight$50.00 ➝ $52.50+13.73%
7/7/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
6/26/2023VNET Group
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 Reiterated RatingMaintains
3/24/2023Royal Bank of Canada
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 Lower TargetSector Perform$45.00 ➝ $42.00+14.72%
1/13/2023Cfra
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Ken Leon
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UpgradeBuy$50.00+13.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:58 AM ET.

WFC Forecast - Frequently Asked Questions

What is Wells Fargo & Company's forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Wells Fargo & Company is $59.31, with a high forecast of $67.00 and a low forecast of $48.80.

Should I buy or sell Wells Fargo & Company stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 12 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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.

Does Wells Fargo & Company's stock price have much upside?

According to analysts, Wells Fargo & Company's stock has a predicted upside of 10.10% based on their 12-month stock forecasts.

What analysts cover Wells Fargo & Company?

Wells Fargo & Company has been rated by research analysts at BMO Capital Markets, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., and Keefe, Bruyette & Woods in the past 90 days.

Does Wells Fargo & Company rate other companies?

Wells Fargo & Company also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

Do Wall Street analysts like Wells Fargo & Company more than its competitors?

Analysts like Wells Fargo & Company less than other "finance" companies. The consensus rating score for Wells Fargo & Company is 2.42 while the average consensus rating score for "finance" companies is 2.45. Learn more on how WFC compares to other companies.


This page (NYSE:WFC) was last updated on 7/19/2024 by MarketBeat.com Staff

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