Wells Fargo (NYSE: WFC) stock price forecast: Analysts see 21% upside after Q3 earnings
Wells Fargo (WFC) closed at $80.90 on October 14, with analysts setting an average 12-month price target of $98, implying 21% upside. Q3 earnings of $1.87 per share beat expectations, but revenue of $21.87 billion and net interest income of $12.52 billion missed forecasts. Analysts maintained a Moderate Buy consensus, with varied price target adjustments.
How this was made
The 30-second read
Why it matters
The earnings release provides fresh data that could influence the stock's trajectory, especially given the 21% upside implied by the new price target.
Market read
First report of Q3 earnings for a major U.S. bank; provides new data for traders.
What to watch
Higher deposit costs and narrowing net interest margins may limit future earnings growth.
Background
Wells Fargo's Q3 2026 earnings were released, showing modest beats on EPS and net income but missing revenue and net interest income expectations.
Ticker impact
Wells Fargo reported Q3 2026 earnings with EPS $1.87 beating estimates and provided new consensus 12‑month price target of $98, implying ~21% upside.
likely modest upward pressure as the market prices in the 21% upside target
The earnings beat and higher consensus target provide a fresh catalyst; however, multiple analysts trimmed targets, indicating mixed views.
Market effects
Banking sector may see slight uplift as a major U.S. bank posts earnings beat, but mixed guidance could temper broader sentiment.
U.S. financial markets may react modestly; no clear spillover to other regions.
Limited to U.S. equities; global markets unlikely to be significantly affected.
Counterpoint
Recent target cuts suggest analysts see earnings sustainability concerns; a short‑term pullback could occur despite upside potential.
Key entities
- CompanyWells Fargo & Company
U.S. bank reporting Q3 earnings.
- AnalystRBC Capital Markets
Reduced price target, maintains Outperform rating.
