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

$55.46

-0.69 (-1.23%)

(As of 08/21/2024 ET)

Wells Fargo & Company - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for Wells Fargo & Company in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 12 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for WFC.

Consensus Price Target

$59.63
7.51% Upside

High Forecast	$68.00
Average Forecast	$59.63
Low Forecast	$48.80

According to the 18 analysts' twelve-month price targets for Wells Fargo & Company, the average price target is $59.63. The highest price target for WFC is $68.00, while the lowest price target for WFC is $48.80. The average price target represents a forecasted upside of 7.51% from the current price of $55.46.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	13 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$59.63	$59.31	$58.99	$48.62
Forecasted Upside	7.51% Upside	10.10% Upside	11.98% Upside	15.09% Upside

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WFC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WFC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wells Fargo & Company Stock vs. The Competition

Type	Wells Fargo & Company	Finance Companies	S&P 500
Consensus Rating Score	2.39	2.47	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	7.51% Upside	38.52% Upside	8.75% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/16/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Hold	$62.00 ➝ $59.00	+7.10%
7/30/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$64.00 ➝ $68.00	+12.38%
7/15/2024	Evercore ISI 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$70.00 ➝ $67.00	+16.08%
7/15/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$62.00 ➝ $61.00	+5.81%
7/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$55.00 ➝ $57.00	-5.44%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$59.00 ➝ $61.50	+3.27%
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4/15/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$57.00 ➝ $66.00	+14.13%
4/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/9/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$64.00	+10.75%
4/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$57.00 ➝ $65.00	+12.89%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$55.00 ➝ $60.00	+4.15%
3/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$57.00 ➝ $63.00	+11.11%
1/18/2024	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$48.80	+4.56%
1/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$51.00 ➝ $50.00	+6.77%
1/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$55.00 ➝ $58.00	+22.36%
1/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$51.00	+2.17%
1/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$55.00	+10.18%
1/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$54.00 ➝ $66.00	+34.09%
10/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$51.00 ➝ $53.00	+33.50%
8/1/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$50.00 ➝ $52.50	+13.73%
7/7/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/24/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	$45.00 ➝ $42.00	+14.72%
1/13/2023	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ken Leon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Buy	$50.00	+13.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:01 AM ET.

WFC Forecast - Frequently Asked Questions

What is Wells Fargo & Company's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Wells Fargo & Company is $59.63, with a high forecast of $68.00 and a low forecast of $48.80.
Should I buy or sell Wells Fargo & Company stock right now?: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 12 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFC, but not buy additional shares or sell existing shares.
Does Wells Fargo & Company's stock price have much upside?: According to analysts, Wells Fargo & Company's stock has a predicted upside of 10.06% based on their 12-month stock forecasts.
Has Wells Fargo & Company been downgraded by Wall Street analysts recently?: Over the previous 90 days, Wells Fargo & Company's stock had 1 downgrade by analysts.
What analysts cover Wells Fargo & Company?: Wells Fargo & Company has been rated by research analysts at BMO Capital Markets, Evercore ISI, Jefferies Financial Group, Keefe, Bruyette & Woods, and Morgan Stanley in the past 90 days.
Does Wells Fargo & Company rate other companies?: Wells Fargo & Company also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
Do Wall Street analysts like Wells Fargo & Company more than its competitors?: Analysts like Wells Fargo & Company less than other "finance" companies. The consensus rating score for Wells Fargo & Company is 2.39 while the average consensus rating score for "finance" companies is 2.47. Learn more on how WFC compares to other companies.