Bill Gross warns on gold momentum as regional bank stocks tumble
Investing.com - TD Cowen has raised its price target on Wells Fargo (NYSE:WFC) to $93.00 from $90.00 while maintaining a Hold rating on the stock. The bank’s shares are currently trading near their 52-week high of $86.66, having delivered an impressive 32.51% return over the past six months. According to InvestingPro analysis, Wells Fargo appears undervalued at current levels.
The price target adjustment follows Wells Fargo’s third-quarter 2025 earnings report, which showed core earnings per share exceeding analyst expectations.
The bank’s quarterly performance benefited from a reserve release and stronger-than-expected fee revenue, according to TD Cowen’s analysis.
Wells Fargo management introduced a new medium-term return on tangible common equity (ROTCE) target of 17-18% during the earnings announcement.
TD Cowen noted that while quarterly results were favorable and management reaffirmed its focus on growth, further execution will be essential to demonstrate sustained progress toward these "ambitious targets."
In other recent news, Wells Fargo reported strong third-quarter earnings for 2025, surpassing analyst expectations with an earnings per share of $1.66, compared to the forecasted $1.55. The company’s revenue also exceeded predictions, reaching $21.43 billion against an expected $21.14 billion. These results highlight the bank’s robust financial performance. Additionally, CFRA raised its price target for Wells Fargo to $110 from $101, maintaining a Buy rating. The research firm cited the removal of the bank’s asset cap as a key factor in its decision. Meanwhile, BofA Securities increased its price target to $100 from $92, also maintaining a Buy rating. BofA noted Wells Fargo’s improved profitability and superior earnings per share growth as reasons for the adjustment. These recent developments reflect positive sentiment among analysts regarding Wells Fargo’s financial outlook.
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