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Western Alliance Bancorp has a consensus price target of $87.36 based on the ratings of 22 analysts. The high is $150 issued by Wells Fargo on October 25, 2021. The low is $32 issued by Odeon Capital on April 19, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Wedbush, and Truist Securities on October 1, 2024, September 24, 2024, and September 20, 2024, respectively. With an average price target of $99 between Wells Fargo, Wedbush, and Truist Securities, there's an implied 19.65% upside for Western Alliance Bancorp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Western Alliance (NYSE:WAL) was reported by Wells Fargo on October 1, 2024. The analyst firm set a price target for $92.00 expecting WAL to rise to within 12 months (a possible 11.19% upside). 43 analyst firms have reported ratings in the last year.
The latest analyst rating for Western Alliance (NYSE:WAL) was provided by Wells Fargo, and Western Alliance maintained their equal-weight rating.
The last upgrade for Western Alliance Bancorp happened on May 5, 2023 when JP Morgan raised their price target to $46. JP Morgan previously had a neutral for Western Alliance Bancorp.
The last downgrade for Western Alliance Bancorp happened on January 30, 2024 when Wells Fargo changed their price target from $62 to $72 for Western Alliance Bancorp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Western Alliance, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Western Alliance was filed on October 1, 2024 so you should expect the next rating to be made available sometime around October 1, 2025.
While ratings are subjective and will change, the latest Western Alliance (WAL) rating was a maintained with a price target of $85.00 to $92.00. The current price Western Alliance (WAL) is trading at is $82.74, which is out of the analyst’s predicted range.
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