Jefferies (NYSE:JEF) analyst Ken Usdin maintained a Buy rating on Wells Fargo (NYSE:WFC) on Thursday, setting a price target of $50, which is approximately 7.43% above the present share price of $46.54.
Usdin expects Wells Fargo to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Wells Fargo, with an average price target of $45.67.
The analysts price targets range from a high of $50 to a low of $34.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $18.06 billion and a net profit of $0. The company's market cap is $192.73 billion.
According to TipRanks.com, Jefferies analyst Ken Usdin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.1% and a 80.12% success rate.
Founded in 1852, California-based Wells Fargo & Co. is a diversified financial services company, which is engaged in banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.