Wells Fargo & Company (WFC) Stock Forecast, Price Target & Predictions
WFC Stock Forecast
Wells Fargo & Company stock forecast is as follows: an average price target of $63.70 (represents a -13.25% downside from WFC’s last price of $73.43) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.
WFC Price Target
The average price target for Wells Fargo & Company (WFC) is $63.70 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $92.00 to $50.00. This represents a potential -13.25% downside from WFC's last price of $73.43.
WFC Analyst Ratings
According to 24 Wall Street analysts, Wells Fargo & Company's rating consensus is 'Buy'. The analyst rating breakdown for WFC stock is 0 'Strong Buy' (0.00%), 14 'Buy' (58.33%), 10 'Hold' (41.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Wells Fargo & Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 19, 2024 | Alexander Yokum | CFRA | $92.00 | $52.76 | 74.37% | 25.29% |
| Oct 15, 2024 | David Rochester | Compass Point | $60.00 | $63.42 | -5.40% | -18.29% |
| Oct 14, 2024 | Gerard Cassidy | Wells Fargo | $61.00 | $62.16 | -1.87% | -16.93% |
| Oct 14, 2024 | Keith Horowitz | Citigroup | $67.00 | $63.02 | 6.31% | -8.76% |
| Oct 14, 2024 | David George | Robert W. Baird | $62.00 | $60.99 | 1.66% | -15.57% |
| Oct 14, 2024 | Scott Siefers | Piper Sandler | $62.00 | $60.99 | 1.66% | -15.57% |
| Oct 14, 2024 | Jason Goldberg | Barclays | $75.00 | $60.99 | 22.97% | 2.14% |
| Oct 14, 2024 | John Pancari | Evercore ISI | $71.00 | $60.99 | 16.41% | -3.31% |
| Oct 11, 2024 | Matt O' Connor | Deutsche Bank | $65.00 | $57.75 | 12.55% | -11.48% |
| Sep 27, 2024 | Ebrahim Poonawala | Bank of America Securities | $70.00 | $55.90 | 25.22% | -4.67% |
The latest Wells Fargo & Company stock forecast, released on Nov 19, 2024 by Alexander Yokum from CFRA, set a price target of $92.00, which represents a 74.37% increase from the stock price at the time of the forecast ($52.76), and a 25.29% increase from WFC last price ($73.43).
Wells Fargo & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 12 | 25 |
| Avg Price Target | $92.00 | $67.75 | $64.48 |
| Last Closing Price | $73.43 | $73.43 | $73.43 |
| Upside/Downside | 25.29% | -7.74% | -12.19% |
In the current month, the average price target of Wells Fargo & Company stock is $92.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 25.29% increase as opposed to Wells Fargo & Company's last price of $73.43. This month's average price target is up 35.79% compared to last quarter, and up 42.68% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 19, 2024 | CFRA | Buy | Buy | Hold |
| Oct 15, 2024 | Compass Point | Neutral | Neutral | Hold |
| Oct 15, 2024 | Wells Fargo | Positive | Accumulate | Upgrade |
| Oct 14, 2024 | Wells Fargo | Outperform | Outperform | Hold |
| Oct 14, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 14, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 14, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 11, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 08, 2024 | Wells Fargo | Underperform | Positive | Downgrade |
| Oct 08, 2024 | Wolfe Research | - | Outperform | Upgrade |
Wells Fargo & Company's last stock rating was published by CFRA on Nov 19, 2024. The company gave WFC a "Buy" rating, the same as its previous rate.
Wells Fargo & Company Financial Forecast
Wells Fargo & Company Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.48B | $20.86B | $20.53B | $20.73B | $19.66B | $19.50B | $17.03B | $17.59B | $20.86B | $18.83B | $20.27B | $18.06B | $18.08B | $18.84B |
| Avg Forecast | $22.41B | $22.37B | $22.11B | $21.86B | $21.54B | $21.41B | $21.11B | $20.83B | $20.83B | $20.85B | $20.57B | $20.43B | $20.44B | $20.40B | $20.30B | $20.21B | $20.30B | $20.09B | $20.17B | $20.09B | $19.99B | $18.77B | $17.48B | $17.78B | $18.84B | $18.27B | $17.76B | $17.52B | $18.12B | $18.02B |
| High Forecast | $22.63B | $22.58B | $22.32B | $22.07B | $21.75B | $21.61B | $21.31B | $21.03B | $21.04B | $21.05B | $20.77B | $20.68B | $20.67B | $20.43B | $20.31B | $20.22B | $20.61B | $20.28B | $20.36B | $20.29B | $20.19B | $18.99B | $17.68B | $17.99B | $19.06B | $18.49B | $17.97B | $17.72B | $18.33B | $18.24B |
| Low Forecast | $22.13B | $22.09B | $21.83B | $21.59B | $21.27B | $21.14B | $20.84B | $20.57B | $20.57B | $20.59B | $20.32B | $20.08B | $20.13B | $20.38B | $20.30B | $20.20B | $20.14B | $19.83B | $19.91B | $19.84B | $19.74B | $18.54B | $17.26B | $17.56B | $18.60B | $18.04B | $17.53B | $17.30B | $17.89B | $17.80B |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.04% | 1.02% | 1.03% | 0.98% | 1.04% | 0.97% | 0.99% | 1.11% | 1.03% | 1.14% | 1.03% | 1.00% | 1.05% |
Wells Fargo & Company's average Quarter revenue forecast for Mar 24 based on 9 analysts is $20.21B, with a low forecast of $20.20B, and a high forecast of $20.22B. WFC's average Quarter revenue forecast represents a -1.31% decrease compared to the company's last Quarter revenue of $20.48B (Dec 23).
Wells Fargo & Company EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.82B | $6.58B | $13.54B | $11.98B | $7.10B | $6.28B | $6.86B | $7.13B | $10.12B | $9.48B | $10.31B | $8.54B | $6.59B | $6.49B |
| Avg Forecast | $5.10B | $5.09B | $5.03B | $4.98B | $4.91B | $4.88B | $4.81B | $4.74B | $4.74B | $4.75B | $4.69B | $4.65B | $4.66B | $4.65B | $4.62B | $7.76B | $4.62B | $4.57B | $4.59B | $7.06B | $9.92B | $8.96B | $8.34B | $6.42B | $8.99B | $8.72B | $8.48B | $4.70B | $8.65B | $8.60B |
| High Forecast | $5.15B | $5.14B | $5.08B | $5.03B | $4.95B | $4.92B | $4.85B | $4.79B | $4.79B | $4.79B | $4.73B | $4.71B | $4.71B | $4.65B | $4.63B | $9.32B | $4.69B | $4.62B | $4.64B | $8.47B | $11.91B | $9.07B | $8.44B | $7.70B | $9.10B | $8.83B | $8.58B | $5.64B | $8.75B | $8.71B |
| Low Forecast | $5.04B | $5.03B | $4.97B | $4.92B | $4.84B | $4.81B | $4.75B | $4.68B | $4.69B | $4.69B | $4.63B | $4.57B | $4.58B | $4.64B | $4.62B | $6.21B | $4.59B | $4.52B | $4.54B | $5.65B | $7.94B | $8.85B | $8.24B | $5.13B | $8.88B | $8.61B | $8.37B | $3.76B | $8.54B | $8.50B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.48% | 1.44% | 2.95% | 1.70% | 0.72% | 0.70% | 0.82% | 1.11% | 1.13% | 1.09% | 1.22% | 1.82% | 0.76% | 0.75% |
9 analysts predict WFC's average Quarter EBITDA for Mar 24 to be $7.76B, with a high of $9.32B and a low of $6.21B. This is 13.83% upper than Wells Fargo & Company's previous annual EBITDA (Dec 23) of $6.82B.
Wells Fargo & Company Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.16B | $5.77B | $4.94B | $4.99B | $2.86B | $3.53B | $3.12B | $3.67B | $6.40B | $5.12B | $6.04B | $4.74B | $2.99B | $2.04B |
| Avg Forecast | $7.06B | $7.02B | $6.54B | $5.75B | $5.64B | $5.52B | $5.35B | $4.36B | $4.97B | $4.97B | $4.69B | $4.04B | $4.54B | $4.40B | $4.41B | $4.00B | $2.93B | $4.26B | $3.96B | $3.63B | $5.65B | $3.75B | $2.76B | $3.30B | $3.80B | $3.41B | $3.34B | $2.61B | $2.06B | $1.53B |
| High Forecast | $7.15B | $7.11B | $6.62B | $5.83B | $5.71B | $5.59B | $5.42B | $4.41B | $5.03B | $5.03B | $4.75B | $4.52B | $4.82B | $4.41B | $4.50B | $4.80B | $3.56B | $4.31B | $4.02B | $4.36B | $6.78B | $3.80B | $2.80B | $3.96B | $3.85B | $3.46B | $3.40B | $3.13B | $2.09B | $1.55B |
| Low Forecast | $6.94B | $6.91B | $6.44B | $5.66B | $5.55B | $5.43B | $5.27B | $4.29B | $4.89B | $4.88B | $4.62B | $3.70B | $4.37B | $4.38B | $4.33B | $3.20B | $2.65B | $4.19B | $3.89B | $2.91B | $4.52B | $3.69B | $2.71B | $2.64B | $3.73B | $3.35B | $3.28B | $2.09B | $2.02B | $1.50B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.36% | 1.25% | 1.37% | 0.51% | 0.94% | 1.13% | 1.11% | 1.69% | 1.50% | 1.81% | 1.82% | 1.46% | 1.33% |
Wells Fargo & Company's average Quarter net income forecast for Mar 24 is $4.00B, with a range of $3.20B to $4.80B. WFC's average Quarter net income forecast represents a 26.51% increase compared to the company's last Quarter net income of $3.16B (Dec 23).
Wells Fargo & Company SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.67B | $9.01B | $8.97B | $9.75B | $8.78B | $8.52B | $8.73B | $9.56B | $8.70B | $8.84B | $9.18B | $9.65B | $8.29B | $9.06B |
| Avg Forecast | $13.97B | $13.94B | $13.78B | $13.63B | $13.42B | $13.34B | $13.15B | $12.98B | $12.99B | $13.00B | $12.82B | $12.73B | $12.74B | $12.72B | $12.65B | $10.41B | $12.65B | $12.52B | $12.57B | $9.46B | $8.55B | $11.58B | $10.78B | $8.60B | $11.62B | $11.27B | $10.95B | $5.31B | $11.18B | $11.12B |
| High Forecast | $14.10B | $14.08B | $13.91B | $13.76B | $13.56B | $13.47B | $13.28B | $13.11B | $13.11B | $13.12B | $12.95B | $12.89B | $12.88B | $12.73B | $12.66B | $12.49B | $12.84B | $12.64B | $12.69B | $11.35B | $10.26B | $11.71B | $10.91B | $10.32B | $11.76B | $11.40B | $11.08B | $6.37B | $11.31B | $11.25B |
| Low Forecast | $13.79B | $13.77B | $13.61B | $13.45B | $13.26B | $13.17B | $12.99B | $12.82B | $12.82B | $12.83B | $12.66B | $12.52B | $12.55B | $12.70B | $12.65B | $8.33B | $12.55B | $12.36B | $12.41B | $7.57B | $6.84B | $11.43B | $10.64B | $6.88B | $11.47B | $11.13B | $10.81B | $4.25B | $11.04B | $10.98B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.72% | 0.71% | 1.03% | 1.03% | 0.74% | 0.81% | 1.11% | 0.75% | 0.78% | 0.84% | 1.82% | 0.74% | 0.81% |
Wells Fargo & Company's average Quarter SG&A projection for Mar 24 is $10.41B, based on 9 Wall Street analysts, with a range of $8.33B to $12.49B. The forecast indicates a -17.82% fall compared to WFC last annual SG&A of $12.67B (Dec 23).
Wells Fargo & Company EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.86 | $1.49 | $1.26 | $1.24 | $0.68 | $0.86 | $0.75 | $0.89 | $1.63 | $1.18 | $1.39 | $1.05 | $0.64 | $0.49 |
| Avg Forecast | $2.06 | $2.05 | $1.91 | $1.68 | $1.65 | $1.61 | $1.56 | $1.27 | $1.45 | $1.45 | $1.37 | $1.18 | $1.33 | $1.28 | $1.29 | $1.07 | $0.86 | $1.24 | $1.16 | $1.14 | $0.60 | $1.09 | $0.80 | $0.81 | $1.11 | $1.00 | $0.98 | $0.70 | $0.60 | $0.45 |
| High Forecast | $2.09 | $2.08 | $1.93 | $1.70 | $1.67 | $1.63 | $1.58 | $1.29 | $1.47 | $1.47 | $1.39 | $1.32 | $1.41 | $1.29 | $1.31 | $1.07 | $1.04 | $1.26 | $1.17 | $1.15 | $0.60 | $1.11 | $0.82 | $0.82 | $1.13 | $1.01 | $0.99 | $0.71 | $0.61 | $0.45 |
| Low Forecast | $2.03 | $2.02 | $1.88 | $1.65 | $1.62 | $1.59 | $1.54 | $1.25 | $1.43 | $1.43 | $1.35 | $1.08 | $1.28 | $1.28 | $1.26 | $1.06 | $0.77 | $1.22 | $1.14 | $1.12 | $0.59 | $1.08 | $0.79 | $0.79 | $1.09 | $0.98 | $0.96 | $0.69 | $0.59 | $0.44 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.20% | 1.09% | 1.09% | 1.14% | 0.79% | 0.93% | 1.10% | 1.47% | 1.19% | 1.43% | 1.50% | 1.07% | 1.10% |
According to 9 Wall Street analysts, Wells Fargo & Company's projected average Quarter EPS for Mar 24 is $1.07, with a low estimate of $1.06 and a high estimate of $1.07. This represents a 23.96% increase compared to WFC previous annual EPS of $0.86 (Dec 23).
Wells Fargo & Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $64.33 | $106.62 | 65.74% | Buy |
| TD | Toronto-Dominion Bank | $55.83 | $89.52 | 60.34% | Buy |
| ING | ING Groep | $15.80 | $22.50 | 42.41% | Buy |
| BMO | Bank of Montreal | $94.09 | $120.95 | 28.55% | Hold |
| BNS | Bank of Nova Scotia | $56.13 | $71.53 | 27.44% | Hold |
| BAC | Bank of America | $46.41 | $48.63 | 4.78% | Buy |
| C | Citigroup | $68.60 | $70.05 | 2.11% | Buy |
| NU | Nu | $13.46 | $12.69 | -5.72% | Buy |
| RY | Royal Bank of Canada | $122.90 | $107.81 | -12.28% | Buy |
| WFC | Wells Fargo & Company | $73.43 | $63.70 | -13.25% | Buy |
| JPM | JPMorgan Chase | $243.09 | $204.63 | -15.82% | Buy |
| UBS | UBS Group | $31.85 | $23.57 | -26.00% | Buy |