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


OverviewRevenueOwnershipFinancialsChartTranscripts

WFC Stock Forecast


Wells Fargo & Company stock forecast is as follows: an average price target of $58.89 (represents a 11.58% upside from WFC’s last price of $52.78) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.

WFC Price Target


The average price target for Wells Fargo & Company (WFC) is $58.89 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $67.00 to $50.00. This represents a potential 11.58% upside from WFC's last price of $52.78.

WFC Analyst Ratings


Buy

According to 22 Wall Street analysts, Wells Fargo & Company's rating consensus is 'Buy'. The analyst rating breakdown for WFC stock is 0 'Strong Buy' (0.00%), 12 'Buy' (54.55%), 10 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Wells Fargo & Company Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 03, 2024Matt O'ConnorWells Fargo$65.00$58.4711.17%23.15%
Aug 20, 2024Kazuya NishimuraDaiwa$63.00$56.4511.60%19.36%
Jul 15, 2024Gerard CassidyRBC Capital$61.00$58.095.02%15.57%
Jul 12, 2024Richard RamsdenGoldman Sachs$64.00$56.5413.19%21.26%
Jul 11, 2024David RochesterCompass Point$64.00$60.286.17%21.26%
May 21, 2024Scott SiefersPiper Sandler$61.00$61.03-0.06%15.57%
Apr 12, 2024Kenneth LeonWells Fargo$70.00$56.4723.96%32.63%
Apr 12, 2024John PancariEvercore ISI$67.00$55.7020.28%26.94%
Apr 12, 2024Richard RamsdenGoldman Sachs$65.00$55.6516.81%23.15%
Apr 08, 2024David RochesterWells Fargo$64.00$57.7910.75%21.26%
Row per page
Go to

The latest Wells Fargo & Company stock forecast, released on Sep 03, 2024 by Matt O'Connor from Wells Fargo, set a price target of $65.00, which represents a 11.17% increase from the stock price at the time of the forecast ($58.47), and a 23.15% increase from WFC last price ($52.78).

Wells Fargo & Company Price Target by Period


1M3M12M
# Anlaysts2515
Avg Price Target$64.00$63.40$61.81
Last Closing Price$52.78$52.78$52.78
Upside/Downside21.26%20.12%17.11%

In the current month, the average price target of Wells Fargo & Company stock is $64.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 21.26% increase as opposed to Wells Fargo & Company's last price of $52.78. This month's average price target is up 0.95% compared to last quarter, and up 3.54% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024CitigroupNeutralNeutralHold
Sep 10, 2024BarclaysOverweightOverweightHold
Sep 06, 2024Evercore ISIOutperformOutperformHold
Sep 03, 2024Piper SandlerNeutralNeutralHold
Sep 03, 2024Wells FargoUnderperformBuyUpgrade
Sep 03, 2024Wells FargoUnderperformPositiveUpgrade
Aug 20, 2024DaiwaOutperformOutperformHold
Jul 30, 2024Wells FargoUnderperformUnderperformHold
Jul 30, 2024Morgan StanleyOverweightOverweightHold
Jul 15, 2024OppenheimerPerformPerformHold
Row per page
Go to

Wells Fargo & Company's last stock rating was published by Citigroup on Sep 12, 2024. The company gave WFC a "Neutral" rating, the same as its previous rate.

Wells Fargo & Company Financial Forecast


Wells Fargo & Company Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$20.48B$20.86B$20.53B$20.73B$19.66B$19.50B-$17.59B$20.86B$18.83B$20.27B$18.06B$18.08B$18.84B
Avg Forecast$22.48B$22.61B$22.47B$22.11B$21.45B$21.43B$21.38B$21.05B$20.79B$20.70B$20.57B$20.34B$20.26B$20.38B$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$23.06B$23.18B$23.04B$22.68B$22.00B$21.97B$21.92B$21.59B$21.32B$21.22B$21.10B$20.86B$20.78B$20.63B$20.82B$20.72B$20.61B$20.60B$20.68B$20.61B$20.50B$19.25B$17.48B$18.12B$19.20B$18.62B$18.09B$17.85B$18.47B$18.37B
Low Forecast$21.94B$22.06B$21.93B$21.58B$20.94B$20.91B$20.86B$20.54B$20.29B$20.20B$20.08B$19.85B$19.77B$20.08B$19.81B$19.72B$20.14B$19.60B$19.68B$19.61B$19.51B$18.32B$17.48B$17.43B$18.47B$17.91B$17.41B$17.17B$17.77B$17.67B
# Analysts585510755854481159109998844551491016
Surprise %----------------1.01%1.04%1.02%1.03%0.98%1.04%-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 $19.72B, and a high forecast of $20.72B. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854481159109998844551491016
EBITDA----------------$6.82B$6.58B$13.54B$11.98B$7.10B$6.28B-$7.13B$10.12B$9.48B$10.31B$8.54B$6.59B$6.49B
Avg Forecast$10.73B$10.79B$10.73B$10.56B$10.24B$10.23B$10.20B$10.05B$9.93B$9.88B$9.82B$9.71B$9.67B$9.73B$9.69B$7.76B$9.69B$9.59B$9.63B$7.06B$9.54B$9.02B$8.34B$6.42B$9.02B$8.20B$6.22B$4.70B$6.15B$6.94B
High Forecast$11.01B$11.07B$11.00B$10.83B$10.50B$10.49B$10.46B$10.31B$10.18B$10.13B$10.07B$9.96B$9.92B$9.85B$9.94B$9.32B$9.84B$9.83B$9.87B$8.47B$9.79B$10.83B$8.34B$7.70B$10.82B$9.84B$7.46B$5.64B$7.38B$8.33B
Low Forecast$10.48B$10.53B$10.47B$10.30B$10.00B$9.98B$9.96B$9.81B$9.69B$9.64B$9.59B$9.48B$9.44B$9.58B$9.46B$6.21B$9.61B$9.36B$9.40B$5.65B$9.31B$7.22B$8.34B$5.13B$7.22B$6.56B$4.97B$3.76B$4.92B$5.55B
Surprise %----------------0.70%0.69%1.41%1.70%0.74%0.70%-1.11%1.12%1.16%1.66%1.82%1.07%0.94%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854481159109998844551491016
Net Income----------------$3.16B$5.77B$4.94B$4.99B$2.86B$3.53B-$3.67B$6.40B$5.12B$6.04B$4.74B$2.99B$2.04B
Avg Forecast$7.13B$7.45B$6.91B$6.41B$6.27B$5.96B$6.01B$4.84B$5.37B$5.18B$4.98B$4.14B$4.55B$4.57B$4.64B$4.00B$3.08B$4.47B$4.16B$3.63B$2.14B$4.87B$2.90B$3.30B$5.14B$4.43B$3.64B$2.61B$2.79B$2.17B
High Forecast$7.36B$7.70B$7.14B$6.62B$6.47B$6.16B$6.21B$5.00B$5.55B$5.35B$5.15B$4.28B$4.70B$4.82B$4.79B$4.80B$3.75B$4.62B$4.30B$4.36B$2.21B$5.84B$2.90B$3.96B$6.17B$5.31B$4.36B$3.13B$3.35B$2.60B
Low Forecast$6.90B$7.22B$6.70B$6.21B$6.07B$5.77B$5.82B$4.69B$5.20B$5.02B$4.83B$4.01B$4.40B$4.21B$4.49B$3.20B$2.79B$4.33B$4.03B$2.91B$2.08B$3.89B$2.90B$2.64B$4.11B$3.54B$2.91B$2.09B$2.23B$1.74B
Surprise %----------------1.03%1.29%1.19%1.37%1.34%0.72%-1.11%1.25%1.16%1.66%1.82%1.07%0.94%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854481159109998844551491016
SG&A----------------$12.67B$9.01B$8.97B$9.75B$8.78B$8.52B-$9.56B$8.70B$8.84B$9.18B$9.65B$8.29B$9.06B
Avg Forecast$13.87B$13.94B$13.86B$13.64B$13.23B$13.22B$13.18B$12.98B$12.82B$12.77B$12.69B$12.55B$12.50B$12.57B$12.52B$10.41B$12.52B$12.39B$12.44B$9.46B$12.33B$8.41B$10.78B$8.60B$7.78B$7.64B$5.52B$5.31B$7.74B$9.66B
High Forecast$14.22B$14.30B$14.21B$13.99B$13.57B$13.55B$13.52B$13.31B$13.15B$13.09B$13.01B$12.87B$12.82B$12.72B$12.84B$12.49B$12.71B$12.70B$12.76B$11.35B$12.64B$10.09B$10.78B$10.32B$9.33B$9.17B$6.63B$6.37B$9.29B$11.60B
Low Forecast$13.53B$13.61B$13.52B$13.31B$12.91B$12.90B$12.87B$12.67B$12.51B$12.46B$12.38B$12.24B$12.20B$12.38B$12.22B$8.33B$12.42B$12.09B$12.14B$7.57B$12.03B$6.72B$10.78B$6.88B$6.22B$6.11B$4.42B$4.25B$6.19B$7.73B
Surprise %----------------1.01%0.73%0.72%1.03%0.71%1.01%-1.11%1.12%1.16%1.66%1.82%1.07%0.94%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854481159109998844551491016
EPS----------------$0.86$1.49$1.26$1.24$0.68$0.86-$0.89$1.63$1.18$1.39$1.05$0.64$0.49
Avg Forecast$1.98$2.07$1.92$1.78$1.74$1.66$1.67$1.34$1.49$1.44$1.38$1.15$1.26$1.27$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$2.05$2.14$1.98$1.84$1.80$1.71$1.72$1.39$1.54$1.49$1.43$1.19$1.30$1.34$1.33$1.10$1.04$1.28$1.19$1.18$0.61$1.13$0.80$0.83$1.14$1.02$1.00$0.72$0.61$0.46
Low Forecast$1.92$2.01$1.86$1.72$1.69$1.60$1.62$1.30$1.45$1.39$1.34$1.12$1.22$1.17$1.25$1.03$0.77$1.20$1.12$1.10$0.58$1.06$0.80$0.79$1.08$0.97$0.95$0.68$0.58$0.43
Surprise %----------------1.00%1.20%1.09%1.09%1.14%0.79%-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 $1.03 and a high estimate of $1.10. 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CMCanadian Imperial Bank of Commerce$61.45$106.6273.51%Buy
TDToronto-Dominion Bank$62.20$89.5243.92%Buy
BMOBank of Montreal$85.56$120.9541.36%Hold
BNSBank of Nova Scotia$52.04$71.5337.45%Hold
BACBank of America$38.65$48.2524.84%Buy
INGING Groep$18.24$22.5023.36%Buy
CCitigroup$57.67$69.9221.24%Buy
WFCWells Fargo & Company$52.78$58.8911.58%Buy
JPMJPMorgan Chase$204.32$199.22-2.50%Buy
RYRoyal Bank of Canada$123.59$107.81-12.77%Buy
NUNu$14.74$12.69-13.91%Buy
UBSUBS Group$29.59$21.83-26.23%Buy

WFC Forecast FAQ


Yes, according to 22 Wall Street analysts, Wells Fargo & Company (WFC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 54.55% of WFC's total ratings.

Wells Fargo & Company (WFC) average price target is $58.89 with a range of $50 to $67, implying a 11.58% from its last price of $52.78. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for WFC stock, the company can go up by 11.58% (from the last price of $52.78 to the average price target of $58.89), up by 26.94% based on the highest stock price target, and down by -5.27% based on the lowest stock price target.

WFC's average twelve months analyst stock price target of $58.89 does not support the claim that Wells Fargo & Company can reach $80 in the near future.

2 Wall Street analysts forecast a $64 price target for Wells Fargo & Company (WFC) this month, up 21.26% from its last price of $52.78. Compared to the last 3 and 12 months, the average price target increased by 20.12% and increased by 17.11%, respectively.

Wells Fargo & Company's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $85.31B (high $87.48B, low $83.25B), average EBITDA is $40.73B (high $41.76B, low $39.75B), average net income is $23.07B (high $23.84B, low $22.35B), average SG&A $52.61B (high $53.95B, low $51.35B), and average EPS is $6.41 (high $6.62, low $6.21). WFC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $89.67B (high $91.96B, low $87.51B), average EBITDA is $42.81B (high $43.9B, low $41.78B), average net income is $27.9B (high $28.82B, low $27.03B), average SG&A $55.31B (high $56.72B, low $53.98B), and average EPS is $7.75 (high $8.01, low $7.51).

Based on Wells Fargo & Company's last annual report (Dec 2023), the company's revenue was $82.6B, beating the average analysts forecast of $80.64B by 2.42%. Apple's EBITDA was $43.27B, beating the average prediction of $35.96B by 20.32%. The company's net income was $17.98B, beating the average estimation of $15.35B by 17.17%. Apple's SG&A was $49.23B, beating the average forecast of $46.81B by 5.17%. Lastly, the company's EPS was $4.83, beating the average prediction of $4.39 by 9.96%. In terms of the last quarterly report (Dec 2023), Wells Fargo & Company's revenue was $20.48B, beating the average analysts' forecast of $20.3B by 0.89%. The company's EBITDA was $6.82B, missing the average prediction of $9.69B by -29.62%. Wells Fargo & Company's net income was $3.16B, beating the average estimation of $3.08B by 2.55%. The company's SG&A was $12.67B, beating the average forecast of $12.52B by 1.18%. Lastly, the company's EPS was $0.86, beating the average prediction of $0.856 by 0.48%