Raymond James analyst David Long maintained a Buy rating on Wells Fargo (NYSE:WFC) on Thursday, setting a price target of $58, which is approximately 17.39% above the present share price of $49.41.
Long expects Wells Fargo to post earnings per share (EPS) of $1.18 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Wells Fargo, with an average price target of $53.67.
The analysts price targets range from a high of $61 to a low of $45.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $18.83 billion and a net profit of $0. The company's market cap is $197.01 billion.
According to TipRanks.com, Raymond James analyst David Long is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 46.57% 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.