Wells Fargo’s Sharp Slide Has Analysts Trimming Targets

Wells Fargo ( (WFC) ) has fallen by -7.33%. Read on to learn why.

Wells Fargo shares fell 7.33% over the past week as investors reacted to a wave of analyst price target cuts following the bank’s latest earnings report. The immediate trigger was concern over a sharper-than-expected squeeze in profitability: Bank of America’s Ebrahim Poonawala flagged a 13-basis-point quarter‑over‑quarter contraction in net interest margin as the “real sticker shock,” leading him to trim his longer-term earnings forecasts for 2026 and 2027. That earnings reset, on top of already weak share performance year-to-date and over the past 12 months, helped fuel renewed selling pressure.

Despite the pullback, Wall Street still largely sees upside in Wells Fargo. Major firms including Bank of America, Barclays, Piper Sandler, Morgan Stanley, Goldman Sachs and HSBC all lowered their price targets but generally kept positive or neutral ratings. Targets now cluster in the low-to-high $90s, implying mid-teens to low‑20s percentage upside from recent trading levels, even after Wells Fargo was removed from BofA’s high-conviction “US 1 List.” In essence, analysts are dialing back expectations rather than abandoning the stock.

For investors, the message is mixed. The recent 7.33% slide reflects genuine concerns that pressure on net interest margins could weigh on earnings more than previously thought. At the same time, the consensus rating on Wells Fargo remains around “Moderate Buy,” with average target prices in the mid‑$90 range suggesting that many analysts view the current weakness as an opportunity rather than a permanent setback. The coming quarters will be crucial in showing whether the bank can stabilize margins and deliver on those still-optimistic projections.