Wealthfront (NASDAQ:WLTH) Price Target Cut to $11.00 by Analysts at Keefe, Bruyette & Woods

Wealthfront (NASDAQ:WLTH) had its target price lowered by Keefe, Bruyette & Woods from $12.00 to $11.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.31% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Citizens Jmp decreased their target price on Wealthfront from $20.00 to $17.00 and set a “market outperform” rating for the company in a research report on Monday, March 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $13.00 price target (down from $14.00) on shares of Wealthfront in a research report on Friday. Weiss Ratings assumed coverage on Wealthfront in a research report on Wednesday, March 11th. They issued a “sell (d)” rating for the company. Wells Fargo & Company upped their target price on Wealthfront from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on Wealthfront from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.75.

Wealthfront Price Performance

Shares of NASDAQ:WLTH traded down $1.79 during midday trading on Friday, reaching $9.71. 1,225,416 shares of the company’s stock traded hands, compared to its average volume of 1,405,896. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The stock’s 50 day moving average price is $10.85.

Wealthfront (NASDAQ:WLTH) last released its earnings results on Thursday, June 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $90.48 million during the quarter. The business’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Wealthfront will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Wealthfront

A number of institutional investors have recently modified their holdings of WLTH. Tiger Global Management LLC purchased a new position in Wealthfront in the fourth quarter valued at $205,982,000. Dag Ventures LLC purchased a new stake in Wealthfront during the 4th quarter worth about $187,725,000. Index Venture Associates VI Ltd purchased a new stake in Wealthfront during the 4th quarter worth about $128,567,000. Wellington Management Group LLP purchased a new stake in shares of Wealthfront in the 4th quarter valued at about $54,182,000. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of Wealthfront in the 4th quarter valued at about $31,136,000.

Key Wealthfront News

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Wealthfront reported record Total Platform Assets of $96.6 billion, up 19% year over year, along with 15% growth in funded clients and 15% growth in funded accounts, signaling continued customer and asset growth. Wealthfront Reports Fiscal First Quarter 2027 Results
• Positive Sentiment: The company said new product enhancements, including Wealthfront Home Lending, Cash Management improvements, and a cross-product adoption incentive, are helping deepen client engagement and drive account openings. Wealthfront Posts Solid Q1 Growth and Expands Platform
• Positive Sentiment: JPMorgan kept an overweight rating on Wealthfront and still sees upside, despite trimming its price target to $12 from $13. Benzinga
• Positive Sentiment: Zacks upgraded Wealthfront to Buy, reflecting improving sentiment around the company’s earnings outlook. Wealthfront (WLTH) Upgraded to Buy: What Does It Mean for the Stock?
• Neutral Sentiment: Wealthfront’s fiscal Q1 earnings snapshot and earnings call transcript mainly reiterate the quarter’s results and management commentary, which investors are likely already digesting. Wealthfront: Fiscal Q1 Earnings Snapshot
• Negative Sentiment: The company missed analyst EPS estimates, reporting $0.07 per share versus the expected $0.09, which may be weighing on the stock. Wealthfront stock
• Negative Sentiment: Net income fell 51% year over year and adjusted EBITDA slipped slightly, raising near-term concerns about margin pressure from higher stock-based compensation and operating expenses. Wealthfront Corporation Reports $90.5 Million in Q1 Revenue, 7% Year-Over-Year Growth and Record Total Platform Assets of $96.6 Billion

Wealthfront Company Profile

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.