WFC WELLS FARGO & COMPANY/MN
Price Chart
Executive Summary
Baird upgraded Wells Fargo (WFC) to Neutral from Underperform on Feb 13, 2026, with a $85 price target. The firm has a 54% accuracy rate on 2,555 calls. Consensus is heavily bullish: 22 of 32 analysts rate Buy or Strong Buy, with a mean target of $96.65 implying 17.5% upside from the current $82.23. Baird's PT is the lowest on the street at $85. Despite the upgrade, EPS revisions are trending lower (12 downgrades vs 5 upgrades for next year), and three insiders sold shares worth ~$10M in late February. Institutional activity is mixed with Norges Bank exiting a large position while Two Sigma doubled. Short interest is elevated at 55.1%. Overall, the upgrade is a cautious shift but lacks strong bullish conviction; traders should monitor for earnings on July 14.
Impact Score
Consensus & Targets
Full consensus: 7 Strong Buy, 15 Buy, 10 Hold, 0 Sell, 0 Strong Sell among 32 analysts covering WFC. Consensus is 68.8% Buy-equivalent, a clear bullish tilt.
Mean target $96.65, median $95, high $113 (Barclays), low $85 (Baird). Current price $82.23 implies 17.5% upside to the mean. Baird's $85 PT is 12% below the consensus mean, making it the most cautious on the street.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-30 | JP Morgan | maintain | Neutral | $86.50 |
| 2026-04-15 | Piper Sandler | reiterate | Overweight | $94.00 |
| 2026-04-15 | Keefe, Bruyette & Woods | maintain | Market Perform | $98.00 |
| 2026-04-15 | Barclays | maintain | Overweight | $108.00 |
| 2026-04-07 | JP Morgan | maintain | Neutral | $91.00 |
| 2026-04-06 | Evercore ISI Group | maintain | Outperform | $95.00 |
| 2026-03-31 | Morgan Stanley | maintain | Equal-Weight | $100.00 |
| 2026-03-26 | Jefferies | initiate | Buy | $100.00 |
| 2026-03-23 | Goldman Sachs | maintain | Buy | $93.00 |
| 2026-03-17 | Truist Securities | maintain | Buy | $94.00 |
30-day analyst momentum is flat: 0 upgrades, 0 downgrades. However, EPS estimates are under pressure: over the past 30 days, +1y EPS has 12 downgrades vs 5 upgrades, current quarter has 13 downgrades vs 2 upgrades, showing a clear downward revision trend.
Firm Track Record — Baird
Baird accuracy: 54% on 2555 calls | avg return: 4%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| B of A Securities | 100% | 3/3 | 9.1% | top tier |
| Piper Sandler | 100% | 5/5 | 18.8% | top tier |
| RBC Capital | 100% | 2/2 | 10.7% | top tier |
| Raymond James | 100% | 3/3 | 14.8% | top tier |
| Evercore ISI Group | 82% | 9/11 | 13.2% | top tier |
| Morgan Stanley | 78% | 7/9 | 12.5% | top tier |
| Citigroup | 75% | 3/4 | 6.6% | top tier |
| Goldman Sachs | 67% | 4/6 | 6% | top tier |
| UBS | 50% | 1/2 | 5% | below average |
| Barclays | 50% | 2/4 | 1.5% | below average |
Baird has a 54% accuracy rate on 2,555 calls with an average return of 4%. Among firms covering WFC, top-tier performers include BofA, Piper Sandler, and RBC Capital (all 100% accuracy on small samples) and Evercore (82% on 11 calls). Baird sits in the middle of the pack; its track record is average compared to peers.
Earnings Estimates
Next earnings: Jul 14, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1y | $7.87 | $7.36 — $8.12 | $91.9B | ↑0 ↓0 |
| 0q | $1.69 | $1.60 — $1.83 | $21.8B | ↑0 ↓0 |
| 0y | $6.97 | $6.72 — $7.11 | $87.8B | ↑1 ↓0 |
| +1q | $1.81 | $1.65 — $1.88 | $22.2B | ↑0 ↓0 |
Cross-Platform Signals
Cross-platform signals diverge: Insider sales of ~$10M total from three executives in late February. Congressional trades show one sell (Rep. Smucker) and two buys (Reps. Khanna and McConnell). Institutional activity is mixed: Norges Bank appears to have exited a multi-billion position while Mawer and Two Sigma more than doubled holdings. Short interest is elevated at 55.1% of TRF volume. Overall, insider selling and EPS downgrades contrast with the analyst upgrade, creating a mixed picture.
Actionable Insight
The upgrade from Underperform to Neutral is a modest positive signal, but Baird's low PT and continued negative estimate revisions suggest limited near-term upside. Traders should await stronger consensus alignment or a catalyst before adding positions.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $86.91 $85.16 | ▼ −2.01% | ▼ −2.14% | $83.73 (−3.66%) |
|
May 29, 2026
15d ago
|
Court Ruling
| $77.52 $78.68 | ▲ +1.50% | ▲ +1.79% | $83.73 (+8.02%) |
|
May 28, 2026
16d ago
|
Court Ruling
| $76.62 $78.68 | ▲ +2.69% | ▲ +2.74% | $83.73 (+9.28%) |
|
May 28, 2026
16d ago
|
Court Ruling
| $76.62 $78.68 | ▲ +2.69% | ▲ +2.74% | $83.73 (+9.28%) |
|
May 28, 2026
16d ago
|
Court Ruling
| $76.62 $78.68 | ▼ −2.69% | ▼ −2.74% | $83.73 (−9.28%) |
|
May 18, 2026
26d ago
|
Court Ruling
| $74.39 $77.52 | ▼ −4.21% | ▼ −2.59% | $83.73 (−12.56%) |
|
May 15, 2026
29d ago
|
Court Ruling
| $73.41 $76.51 | ▲ +4.22% | ▲ +3.26% | $83.73 (+14.06%) |
|
May 13, 2026
4w ago
|
Court Ruling
| $73.52 $75.78 | ▲ +3.07% | ▲ +3.21% | $83.73 (+13.89%) |
|
May 12, 2026
4w ago
|
Court Ruling
| $75.17 $74.37 | ▼ −1.06% | ▼ −1.14% | $83.73 (+11.39%) |
|
May 11, 2026
4w ago
|
13F-HR
| $18.93 $18.53 | ▼ −2.11% | ▼ −2.02% | $83.73 (+342.31%) |
US Market Status
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