Truist Securities has initiated coverage on Western Alliance (WAL, Financial) with a "Buy" rating, as reported on May 13, 2025. The financial firm has set a price target of $92.00 USD for the stock. This announcement marks the beginning of analyst Brandon King's coverage of the company.
This is a new coverage from Truist Securities and does not adjust any prior price target since there was none. Western Alliance (WAL, Financial), therefore, is introduced into the broker's ratings universe with a positive outlook. Investors might consider this coverage as a sign of potential growth opportunities for the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Western Alliance Bancorp (WAL, Financial) is $91.69 with a high estimate of $100.00 and a low estimate of $80.00. The average target implies an upside of 15.00% from the current price of $79.74. More detailed estimate data can be found on the Western Alliance Bancorp (WAL) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Western Alliance Bancorp's (WAL, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Western Alliance Bancorp (WAL, Financial) in one year is $85.86, suggesting a upside of 7.68% from the current price of $79.735. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Western Alliance Bancorp (WAL) Summary page.
