- Wells Fargo closes a major consent order with the CFPB, marking significant progress in its regulatory compliance journey.
- Analysts forecast a potential upside of 10.35% for WFC stock, with a high target of $90.00.
- GuruFocus' GF Value suggests a 16.22% downside risk from the current stock price.
Wells Fargo (WFC, Financial) has announced a pivotal development by concluding a major consent order with the Consumer Financial Protection Bureau (CFPB), highlighting its strides in revamping compliance practices. With the conclusion of this order, Wells Fargo has successfully addressed 12 regulatory orders since 2019, leaving only two pending. This news prompted a 0.2% uptick in premarket trading for the stock.
Wall Street Analysts' Forecast for Wells Fargo
Analyzing insights from 21 analysts, the average one-year price target for Wells Fargo & Co (WFC, Financial) sits at $77.54, featuring a potential high of $90.00 and a low of $58.92. This average target indicates a potential upside of 10.35% compared to the current share price of $70.27. Investors can explore more detailed estimate data on the Wells Fargo & Co (WFC) Forecast page.
Turning to brokerage firms, the consensus recommendation by 24 firms positions Wells Fargo & Co (WFC, Financial) with an average rating of 2.1, aligning with an "Outperform" designation. The rating scale employed spans from 1, representing a Strong Buy, to 5, indicating a Sell.
GuruFocus' GF Value Analysis
According to GuruFocus estimates, the projected GF Value for Wells Fargo & Co (WFC, Financial) in the forthcoming year is $58.87, pointing to a downside risk of 16.22% from the current price of $70.27. The GF Value is calculated by considering historical trading multiples, past business growth, and future performance projections. For more detailed insights, visit the Wells Fargo & Co (WFC) Summary page.
