Wells Fargo & Company (WFC)
NYSE: WFC · IEX Real-Time Price · USD
56.54
-3.62 (-6.02%)
At close: Jul 12, 2024, 4:00 PM
57.11
+0.57 (1.01%)
Pre-market: Jul 15, 2024, 8:03 AM 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 59.58, with a low estimate of 48.8 and a high estimate of 70. The average target predicts an increase of 5.38% from the current stock price of 56.54.

Analyst Consensus: Buy
Target Low Average Median High
Price $48.8 $59.58 $61.5 $70
Change -13.69% +5.38% +8.77% +23.81%

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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 333333
Buy 444444
Hold 101314141313
Sell 000000
Strong Sell 000000
Total 172021212020

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Jefferies
Jefferies
Hold
Maintains
$62$64
Hold Maintains $62$64 +13.19% Jul 3, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$69$70
Buy Maintains $69$70 +23.81% Jun 25, 2024
JP Morgan
JP Morgan
Hold
Maintains
$59$62
Hold Maintains $59$62 +8.77% May 1, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$63$64
Buy Maintains $63$64 +13.19% Apr 15, 2024
Argus Research
Argus Research
Strong Buy
Maintains
$57$66
Strong Buy Maintains $57$66 +16.73% Apr 15, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
86.83B74.26B79.17B74.37B82.60B82.36B83.46B86.97B--
Revenue Growth
0.49%-14.47%6.60%-6.06%11.07%-0.29%1.34%4.20%--
EPS
4.090.435.083.274.835.105.606.766.434.99
EPS Growth
-4.44%-89.49%1,081.40%-35.63%47.71%5.57%9.79%20.83%-4.89%-22.45%
Forward PE
-----11.0910.108.368.7911.33
No. Analysts -----29261332
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
5.0%
7.9%
10.6%
Avg
-0.3%
1.3%
4.2%
Low
-4.8%
-4.8%
-1.7%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.