"Barclays analyst Jason Goldberg trimmed his WFC stock price target to $108 from $113 while keeping an Overweight rating. Earnings excluding a tax benefit were light, with net interest income, fees, and expenses all coming in below expectations, though Goldberg acknowledged that asset quality remained stable and buybacks continued."
"BofA made the sharpest cut, dropping its Wells Fargo stock price target to $95 from $107 while maintaining a Buy. The firm called Wells Fargo's net interest margin contraction of 13 basis points quarter-over-quarter the 'real sticker shock,' and flagged that it raises further doubts around the ROTCE improvement thesis."
"Piper Sandler lowered its WFC stock price target to $94 from $100, keeping an Overweight rating. Its revised estimates put 2026 EPS at $6.72 (down from $6.82) and 2027 EPS at $7.36 (down from $7.42). These trims reflect a consistent theme: the path to 17% to 18% ROTCE is narrowing."
Wells Fargo's stock fell after three Wall Street firms reduced their price targets following the bank's Q1 2026 earnings release. Despite solid headline numbers, concerns arose over net interest margin compression and lower fee income. Barclays, Bank of America, and Piper Sandler adjusted their price targets, reflecting doubts about Wells Fargo's ability to meet its profitability goals. Analysts noted that the path to achieving a 17% to 18% ROTCE is becoming increasingly challenging due to these financial pressures.
Read at 24/7 Wall St.
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