Wells Fargo & Company (WFC)
NYSE: WFC · IEX Real-Time Price · USD
60.97
+0.38 (0.63%)
At close: Jul 2, 2024, 4:00 PM
61.00
+0.03 (0.05%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Wells Fargo & Company Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for WFC stock have an average target of 59.34, with a low estimate of 48.8 and a high estimate of 70. The average target predicts a decrease of -2.67% from the current stock price of 60.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WFC stock from 20 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 10 | 10 | 13 | 14 | 14 | 13 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 20 | 21 | 21 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $69 → $70 | Buy | Maintains | $69 → $70 | +14.81% | Jun 25, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $59 → $62 | Hold | Maintains | $59 → $62 | +0.87% | May 1, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $63 → $64 | Buy | Maintains | $63 → $64 | +4.97% | Apr 15, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $57 → $66 | Strong Buy | Maintains | $57 → $66 | +8.25% | Apr 15, 2024 |
| Oppenheimer | Oppenheimer | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Apr 15, 2024 |
Financial Forecast
Revenue This Year
82.36B
from 82.60B
Decreased by -0.29%
Revenue Next Year
83.46B
from 82.36B
Increased by 1.34%
EPS This Year
5.10
from 4.83
Increased by 5.57%
EPS Next Year
5.60
from 5.10
Increased by 9.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 86.7B | 88.8B | 92.3B |
| Avg | 82.4B | 83.5B | 87.0B |
| Low | 78.6B | 78.4B | 82.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.0% | 7.9% | 10.6% |
| Avg | -0.3% | 1.3% | 4.2% |
| Low | -4.8% | -4.8% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.57 | 6.23 | 7.52 | 8.40 | 5.19 |
| Avg | 5.10 | 5.60 | 6.76 | 6.43 | 4.99 |
| Low | 4.64 | 5.04 | 6.25 | 4.65 | 4.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.2% | 22.1% | 34.3% | 24.2% | -19.4% |
| Avg | 5.6% | 9.8% | 20.8% | -4.9% | -22.4% |
| Low | -4.0% | -1.2% | 11.7% | -31.3% | -24.8% |
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.