Barclays' Performance: Under CEO C.S. Venkatakrishnan, Barclays has improved its return on tangible equity to 12% in 2025 and doubled its valuation multiple since February 2024, setting the stage for new targets to be announced.
M&A Considerations: Following a failed bid for TSB, Venkatakrishnan may pursue mergers and acquisitions to further reduce the investment bank's share of risk-weighted assets, with potential targets like the specialist mortgage lender OSB.
Investment Bank Strategy: Venkat aims to decrease the investment bank's risk-weighted assets to 50% by 2026, but progress has been slow, prompting the need for growth in other areas or through acquisitions.
Potential Foreign Interest: Barclays may attract interest from foreign banks like Wells Fargo and Santander, which could seek to acquire the investment bank to enhance their market position, given Barclays' lower valuation multiple.
Wall Street analysts forecast WFC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WFC is 98.66 USD with a low forecast of 74.00 USD and a high forecast of 113.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
Wall Street analysts forecast WFC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WFC is 98.66 USD with a low forecast of 74.00 USD and a high forecast of 113.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
6 Hold
1 Sell
Moderate Buy
Current: 88.040
Low
74.00
Averages
98.66
High
113.00
Current: 88.040
Low
74.00
Averages
98.66
High
113.00
HSBC
Hold
maintain
$67 -> $74
2026-01-07
Reason
HSBC
Price Target
$67 -> $74
AI Analysis
2026-01-07
maintain
Hold
Reason
HSBC raised the firm's price target on Wells Fargo to $74 from $67 and keeps a Hold rating on the shares. Bank stocks have pulled back, offering selective opportunities to add exposure, says the analyst, who raised the firm's 2025-26 adjusted EPS estimates among the group by about 1%-7% to incorporate higher net interest income, investment banking fees, and share repurchase estimates.
TD Cowen
Steven Alexopoulos
Hold
maintain
$93 -> $102
2026-01-07
Reason
TD Cowen
Steven Alexopoulos
Price Target
$93 -> $102
2026-01-07
maintain
Hold
Reason
TD Cowen analyst Steven Alexopoulos raised the firm's price target on Wells Fargo to $102 from $93 and keeps a Hold rating on the shares. The firm adjusted bank targets as part of a Q4 earnings preview. TD expects "solid" Q4 reports for the banks with continued balance sheet growth, repricing tailwinds, and a "likely more dovish" Federal Reserve chair in 2026. These "durable tailwinds" should lift bank stocks in 2026, the analyst tells investors in a research note.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for WFC
Unlock Now
Wolfe Research
Outperform
maintain
$99 -> $109
2026-01-07
Reason
Wolfe Research
Price Target
$99 -> $109
2026-01-07
maintain
Outperform
Reason
Wolfe Research raised the firm's price target on Wells Fargo to $109 from $99 and keeps an Outperform rating on the shares as part of the firm's Top 10 Themes for 2026 note on the Banks, Brokers, and Alternative Managers. Heading into 2026, the firm notes Retail Brokers and Alts are its favorite subsectors and names Wells Fargo as one of its top picks in the sector.
Truist
John McDonald
Buy
maintain
$100 -> $104
2026-01-06
Reason
Truist
John McDonald
Price Target
$100 -> $104
2026-01-06
maintain
Buy
Reason
Truist analyst John McDonald raised the firm's price target on Wells Fargo to $104 from $100 and keeps a Buy rating on the shares. Core themes for the U.S. large-cap banks feel similar to last year's, including ROTCE expansion levers, net interest margin healing, capital return, positive operating leverage capacity, and whether GSIBs can continue to outperform regionals, the analyst tells investors in a research note. Each of the stocks in the firm's large-cap banks universe has an attractive mix of EPS growth and ROTCE expansion drivers, which set up a solid outlook for 2026, Truist says.
About WFC
Wells Fargo & Company is a financial services company. The Company provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses and institutions. The Company operates through four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Company provides consumer financial products and services, including checking and savings accounts, credit and debit cards, and auto, residential mortgage, and small business lending. In addition, the Company offers financial planning, private banking, investment management, and fiduciary services. It also provides financial solutions to businesses through products and services including traditional commercial loans and lines of credit, letters of credit, asset-based lending and leasing, trade financing, treasury management, and investment banking services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
