Key Highlights

● WFC shares ended 9 October 2026 at $83.67, up 2.0%.

● Market data consensus target is $99.47, implying about 18.9% upside.

● Targets range from $91.50 to $109.00.

● TD Cowen initiated coverage on 8 October with a $95 target.

Wells Fargo (NYSE:WFC), a member of the S&P 500, closed at $83.67 on Friday 9 October 2026, up 2.0% on the day. Analyst targets sit well above that level, with the consensus implying upside of about 18.9%.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $99.47 from 25 ratings in the past twelve months, with a high of $109.00 (Wolfe Research) and a low of $91.50 (JPMorgan). Against the $83.67 close, the consensus target suggests potential upside of about 18.9%. The second data set, using third-party data from 27 analysts, shows a mean of $99.02, a median of $99 and a range of $90 to $115. Market data's rating is Moderate Buy and the second data set's is Buy.

These two are close and consistent with the recent named broker targets, which range from $91.50 to $108.

What Are Wall Street Analysts Saying?

Market data shows 18 Buy ratings (including two Strong Buy), seven Hold and no Sell. October brought a flurry of activity. According to market data, TD Cowen initiated coverage with a Buy rating and a $95 target on 8 October. On 5 October, Goldman Sachs lowered its Buy target from $107 to $96, Morgan Stanley upgraded the shares from Equal Weight to Overweight with a $102 target, and UBS trimmed its Buy target from $104 to $102. JPMorgan lowered its Neutral target from $95.50 to $91.50 on 2 October, while Truist raised its Buy target from $94 to $95 the day before.

In July, Baird raised its Neutral target from $85 to $92, Keefe, Bruyette & Woods lowered its Market Perform target from $98 to $94, and Bank of America raised its Buy target from $95 to $102.

What Could Help the Stock Reach the Price Target?

The consensus sits almost 19% above the share price. Market data reports earnings per share of $1.96 against $1.73 expected and revenue of $22.62 billion in the latest quarter. Factors that could support the shares include net interest income, fee growth, cost control and capital returns. Market data reports a quarterly dividend raised to $0.50 per share from $0.45, an annualised $2.00 and a yield of about 2.5%, with a payout ratio of about 29%.

What Could Prevent the Stock Reaching the Target?

Bank earnings are sensitive to interest rates, credit quality and the economic cycle. Lower rates could squeeze net interest income, while rising loan losses would hurt profitability. Goldman Sachs, UBS and JPMorgan all trimmed targets in early October, which may indicate that some analysts are tempering expectations. Seven of 25 ratings are Hold, and JPMorgan's $91.50 target is the lowest on market data, though still above the current price.

What Should Investors Watch Next?

Other items to monitor include further broker target revisions, interest-rate expectations, credit-quality indicators and any changes to capital return plans.

The Analyst Case for Wells Fargo, in Numbers

Wells Fargo closed at $83.67 on 9 October 2026, up 2.0% on the day, against a market data consensus target of $99.47. According to market data, TD Cowen initiated coverage with a Buy rating and a $95 target on 8 October.