Wells Fargo & Company, a financial services giant valued at $278.4 billion, has seen its stock surge 31.7% in the past 52 weeks, outpacing the S&P 500 Index. The company’s recent Q3 earnings release showed a 5.3% year-over-year revenue increase to $21.4 billion, beating estimates by 1.2%, with an EPS of $1.66, up 16.9% from last year. Analysts expect WFC’s EPS to grow 11.4% to $6.15 for the fiscal year. The consensus rating is a “Moderate Buy,” with a mean price target of $95.06, suggesting a 10.5% upside potential. Analysts like RBC Capital maintain a “Buy” rating with a price target of $88.
Read more at Barchart: Is Wall Street Bullish or Bearish on Wells Fargo Stock?
