Western Alliance Bancorporation (WAL)
NYSE: WAL · IEX Real-Time Price · USD
64.13
+1.53 (2.44%)
At close: Jul 2, 2024, 4:00 PM
63.49
-0.64 (-1.00%)
After-hours: Jul 2, 2024, 7:52 PM EDT
WAL Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for WAL stock have an average target of 70.44, with a low estimate of 41 and a high estimate of 86. The average target predicts an increase of 9.84% from the current stock price of 64.13.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 8, 2024.
Analyst Ratings
The average analyst rating for WAL stock from 16 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 6 | 6 | 6 |
| Buy | 7 | 7 | 8 | 8 | 8 | 8 |
| Hold | 3 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Reiterates $70 | Buy | Reiterates | $70 | +9.15% | May 8, 2024 |
| Barclays | Barclays | Buy Maintains $91 → $86 | Buy | Maintains | $91 → $86 | +34.10% | Apr 23, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $80 → $75 | Strong Buy | Maintains | $80 → $75 | +16.95% | Apr 22, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $78 → $76 | Buy | Maintains | $78 → $76 | +18.51% | Apr 22, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $85 → $78 | Strong Buy | Maintains | $85 → $78 | +21.63% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
3.04B
from 2.56B
Increased by 18.69%
Revenue Next Year
3.36B
from 3.04B
Increased by 10.77%
EPS This Year
7.55
from 6.54
Increased by 15.37%
EPS Next Year
9.36
from 7.55
Increased by 24.04%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.2B | 3.7B | 4.1B |
| Avg | 3.0B | 3.4B | 3.8B |
| Low | 2.5B | 2.9B | 3.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 25.8% | 20.6% | 21.6% |
| Avg | 18.7% | 10.8% | 13.9% |
| Low | -0.9% | -3.1% | 7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.59 | 10.61 | 13.47 |
| Avg | 7.55 | 9.36 | 11.95 |
| Low | 6.85 | 8.43 | 10.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.3% | 40.5% | 44.0% |
| Avg | 15.4% | 24.0% | 27.7% |
| Low | 4.7% | 11.7% | 14.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.