Citizens analyst Devin Ryan initiated coverage of Wealthfront (WLTH) with an Outperform rating and $20 price target which represents 47% upside from the current price. The firm sees Wealthfront as a “rare” growth and profitability consumer financial technology compounder. This is supported by the company’s “differentiated: automation-first model that has already scaled to 1.38M funded accounts and $93B of platform assets, the analyst tells investors in a research note.
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Read More on WLTH:
- Wealthfront initiated with an Overweight at JPMorgan
- Wealthfront: Scalable Fintech Model, Robust Organic Growth, and Underappreciated Earnings Power Support Overweight/Buy Rating
- Wealthfront: Automation-Driven Fintech at Scale With Durable Growth and High-Margin Profitability Supporting Buy Rating
- Wealthfront initiated with a Neutral at Goldman Sachs
- Wealthfront: Attractive Long-Term Growth Prospects Offset by Rate Sensitivity and Execution Risks, Justifying a Hold Rating