Truist Financial Boosts Wells Fargo & Company (NYSE:WFC) Price Target to $94.00

Wells Fargo & Company (NYSE:WFC) had its target price upped by equities researchers at Truist Financial from $90.00 to $94.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 11.25% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their price objective on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. KGI Securities lowered Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Barclays reduced their price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research note on Thursday, March 26th. They set a “buy” rating and a $100.00 price target on the stock. Finally, Morgan Stanley cut their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.24.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock traded down $0.24 during midday trading on Friday, hitting $84.50. 4,214,876 shares of the company’s stock were exchanged, compared to its average volume of 16,913,754. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $258.57 billion, a P/E ratio of 13.04, a PEG ratio of 0.99 and a beta of 0.93. The stock has a 50-day moving average price of $79.65 and a two-hundred day moving average price of $84.45.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. Wells Fargo & Company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. On average, equities research analysts forecast that Wells Fargo & Company will post 6.86 earnings per share for the current year.

Hedge Funds Weigh In On Wells Fargo & Company

Several institutional investors and hedge funds have recently bought and sold shares of WFC. Godfrey Financial Associates Inc. bought a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter worth approximately $25,000. Navalign LLC purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth $26,000. Joseph Group Capital Management purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth $28,000. Finally, Phillip James Consulting Co. purchased a new position in shares of Wells Fargo & Company in the first quarter worth $28,000. 75.90% of the stock is currently owned by institutional investors.

Trending Headlines about Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test with its capital buffer unchanged, reinforcing balance-sheet strength and lowering near-term regulatory risk. Wells Fargo Completes 2026 Stress Test and Intends to Raise Dividend by 11% to $0.50
• Positive Sentiment: The company expects to increase its quarterly dividend by 11%, a shareholder-friendly move that may attract income investors. Wells Fargo Completes 2026 Stress Test and Intends to Raise Dividend by 11% to $0.50
• Positive Sentiment: Broader enthusiasm for big-bank dividend increases and buybacks after the stress tests is lifting sentiment across the sector, including WFC. Banks Get the Go-Ahead to Hike Dividends. Where the Best Yields Are.
• Neutral Sentiment: Analyst commentary suggests Wells Fargo is preparing for its upcoming earnings report, with expectations for modest profit growth rather than a major surprise. Wells Fargo’s Quarterly Earnings Preview: What You Need to Know

About Wells Fargo & Company

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.