54/100BWells Fargo & Co stock forecast 2026–2030
Analysts' average 12-month price target for Wells Fargo & Co is 94.86, 11.9% above the current price of 84.80. Their targets range from 86.00 to 104.00.
Of the 16 firms that rated Wells Fargo & Co in the past 12 months, 11 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 86.00 to 104.00, with an average of 94.86.
| Strong buy | 0 | |
| Buy | 11 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 104.00 |
| Average target | 94.86 |
| Lowest target | 86.00 |
| Current price | 84.80 |
Wells Fargo & Co price target history
Have analysts recently raised or lowered their Wells Fargo & Co price target and rating?
How analysts rate Wells Fargo & Co, month by month
11 of 16 firms rate it buy now, against 8 of 15 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Wells Fargo & Co analyst upgrades, downgrades and price targets
The latest rating change came on 5 October 2026, when Morgan Stanley upgraded Wells Fargo & Co from Equal Weight to Overweight. The most recent new target came from Wells Fargo on 5 November 2026: 86.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 5 Nov 2026 | Wells Fargo Trey Bowers | — | 132.00 → 86.00 | -34.8% | 87.43 |
| 3 Nov 2026 | Wells Fargo Stan Berenshteyn | — | 102.00 → 132.00 | +29.4% | 85.91 |
| 14 Oct 2026 | RBC Capital Gerard Cassidy | Reiterated · Outperform | 92.00 | — | 80.74 |
| 14 Oct 2026 | Morgan Stanley | Reiterated · Overweight | 102.00 → 101.00 | -1.0% | 80.74 |
| 13 Oct 2026 | Goldman Sachs | — | 96.00 → 94.00 | -2.1% | 80.74 |
| 5 Oct 2026 | Goldman Sachs | Reiterated · Buy | 96.00 | — | 80.45 |
| 5 Oct 2026 | Wells Fargo Manan Gosalia | — | 93.00 → 102.00 | +9.7% | 80.45 |
| 5 Oct 2026 | Morgan Stanley | Upgraded · Equal Weight → Overweight | — | — | — |
| 1 Oct 2026 | Truist Financial | Reiterated · Buy | 94.00 → 95.00 | +1.1% | 78.68 |
| 15 Jul 2026 | Robert W. Baird | — | 92.00 | — | 85.29 |
| 7 Jul 2026 | UBS Erika Najarian | Reiterated · Buy | 113.00 → 104.00 | -8.0% | 88.12 |
| 1 Jul 2026 | Wells Fargo | — | 98.00 → 93.00 | -5.1% | 82.62 |
| 29 Jun 2026 | Morgan Stanley | Reiterated · Equal Weight | 97.00 → 102.00 | +5.2% | 84.02 |
| 6 May 2026 | Wells Fargo | — | 88.00 → 98.00 | +11.4% | 79.90 |
| 16 Apr 2026 | Wells Fargo Eric Shih | — | 85.00 → 88.00 | +3.5% | 81.74 |
| 15 Apr 2026 | Piper Sandler | Reiterated · Overweight | 94.00 | — | 81.73 |
| 15 Apr 2026 | Barclays Jason Goldberg | Reiterated · Overweight | 113.00 → 108.00 | -4.4% | 81.73 |
| 17 Mar 2026 | Truist Financial John McDonald | Reiterated · Buy | 104.00 → 94.00 | -9.6% | 76.49 |
| 13 Feb 2026 | Wells Fargo | — | 96.00 → 85.00 | -11.5% | 86.29 |
| 13 Feb 2026 | Baird | Upgraded · Underperform → Neutral | — | — | — |
| 4 Feb 2026 | UBS | — | 93.00 → 113.00 | +21.5% | 93.51 |
| 22 Jan 2026 | Freedom Broker | Upgraded · Hold → Buy | — | — | — |
| 15 Jan 2026 | Evercore ISI John Pancari | Reiterated · Outperform | 110.00 → 105.00 | -4.5% | 89.11 |
| 14 Jan 2026 | Wells Fargo | — | 90.00 → 96.00 | +6.7% | 93.48 |
| 7 Jan 2026 | Wolfe Research | — | 109.00 | — | 94.45 |
| 7 Jan 2026 | HSBC | — | 74.00 | — | 94.96 |
| 6 Jan 2026 | Evercore ISI John Pancari | — | 107.00 → 110.00 | +2.8% | 95.66 |
| 6 Jan 2026 | Truist Financial John McDonald | Reiterated · Buy | 100.00 → 104.00 | +4.0% | 96.40 |
| 6 Jan 2026 | Wells Fargo | — | 95.00 → 90.00 | -5.3% | 96.40 |
| 6 Jan 2026 | Baird | Downgraded · Neutral → Underperform | — | — | — |
| 5 Jan 2026 | Barclays | Reiterated · Overweight | 94.00 → 113.00 | +20.2% | 95.20 |
| 18 Dec 2025 | Truist Financial | Reiterated · Buy | 90.00 → 100.00 | +11.1% | 93.27 |
| 15 Dec 2025 | Evercore ISI | Reiterated · Outperform | 98.00 → 107.00 | +9.2% | 93.80 |
Wells Fargo & Co EPS and revenue estimates
Analysts expect Wells Fargo & Co's EPS to grow 13.0% a year until 2028, slower than over the last 5 years (72.8% a year) and the last 3 years (26.3%).
Analysts expect Wells Fargo & Co's revenue to grow 5.4% a year until 2028, about as fast as over the last 5 years (2.4% a year) and the last 3 years (4.0%).
Revenue
EPS
Does Wells Fargo & Co beat earnings estimates?
On average, analysts' EPS estimate was 8.0% off the result, either way, and their revenue estimate 1.7%, over the last 12 quarters.
- EPS beats
- 65 / 120
- Revenue beats
- 59 / 107
- Average EPS surprise, last 12
- +7.4%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 13 Oct 2026 | 1.85 | 1.87 | +1.1% | 22.30B | 21.87B | -1.9% |
| Q2 FY2026 | 14 Jul 2026 | 1.72 | 1.96 | +14.0% | 21.86B | 22.62B | +3.5% |
| Q1 FY2026 | 14 Apr 2026 | 1.58 | 1.56 | -1.3% | 21.79B | 21.45B | -1.6% |
| Q4 FY2025 | 14 Jan 2026 | 1.66 | 1.62 | -2.4% | 21.65B | 21.29B | -1.7% |
| Q3 FY2025 | 14 Oct 2025 | 1.55 | 1.73 | +11.6% | 21.15B | 21.44B | +1.4% |
| Q2 FY2025 | 15 Jul 2025 | 1.41 | 1.54 | +9.2% | 20.76B | 20.82B | +0.3% |
| Q1 FY2025 | 11 Apr 2025 | 1.23 | 1.27 | +3.3% | 20.72B | 20.15B | -2.8% |
| Q4 FY2024 | 15 Jan 2025 | 1.32 | 1.42 | +7.6% | 20.59B | 20.38B | -1.0% |
| Q3 FY2024 | 11 Oct 2024 | 1.28 | 1.52 | +18.8% | 20.40B | 20.37B | -0.2% |
| Q2 FY2024 | 12 Jul 2024 | 1.29 | 1.33 | +3.1% | 20.30B | 20.69B | +1.9% |
| Q1 FY2024 | 12 Apr 2024 | 1.11 | 1.26 | +13.5% | 20.21B | 20.86B | +3.2% |
| Q4 FY2023 | 12 Jan 2024 | 1.17 | 1.29 | +10.3% | 20.30B | 20.48B | +0.9% |
Wells Fargo & Co stock price 2026–2030: scenarios
If Wells Fargo & Co's earnings keep growing at the 14.0% a year analysts expect to FY2028, it would earn about 11.85 a share in FY2030. At the P/E it has traded at over the last five years (9.6 to 14.6) that is 113.95 to 172.84 a share, or 142.79 at its average P/E of 12.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 7.33 | 70.51 | 88.36 | 106.95 |
| FY2027 | 8.05 | 77.40 | 96.99 | 117.41 |
| FY2028 | 9.12 | 87.71 | 109.91 | 133.04 |
| FY2029 (extrapolated) | 10.40 | 99.97 | 125.28 | 151.64 |
| FY2030 (extrapolated) | 11.85 | 113.95 | 142.79 | 172.84 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 14.0% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (9.6, 12.0, 14.6).
Is Wells Fargo & Co stock undervalued or overvalued?
Wells Fargo & Co's P/E of 11.7 is around the middle of its 5-year range (7.7 to 16.8, median 12.0). It is in line with its own history. Buyers pay more for each point of growth than usual: a PEG of 0.9 on expected growth against 0.2 on its median P/E and past five years' growth. At the median P/E of its peers (14.3 × EPS of 7.22), Wells Fargo & Co's fair value is 102.95; the price, 84.80, is 17.6% below it. Its forward P/E, on the consensus for FY2026, is 11.6.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (11.2 and 15.7). The price against its P/E range
- Price to earnings ratio (TTM)
- 11.75
- Five-year median P/E
- 12.03
- Five-year P/E range
- 7.7 – 16.8
- Forward P/E (FY2026)
- 11.56
- PEG ratio
- 0.84
- To the average target
- +11.9%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
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| 65.540 | 128.1562Price 65.54185 | +95.5% | |
| 100.130 | 195.18146Price 100.13244 | +94.9% | |
| 222.375 | 406.24305Price 222.38508 | +82.7% | |
| 168.830 | 301.64226Price 168.83377 | +78.7% | |
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Furthest below the fair value on each stock's page, updated every day.