DA Davidson Raises Western Alliance (WAL) Price Target, Despite Real Estate Concerns

Western Alliance Bancorporation (NYSE:WAL) is one of the high growth stocks outside tech analysts are bullish on. Western Alliance Bancorporation (NYSE:WAL) received a price target boost from DA Davidson on July 21, which raised its estimate from $90 to $98 while maintaining a Buy rating on the stock. At the current market price of $80.60, this suggests an upside potential of roughly 21.6%.

DA Davidson Raises Western Alliance (WAL) Price Target, Despite Real Estate Concerns

The firm’s latest upside report was somewhat muted by investor concerns around a rise in “other real estate owned” (OREO) assets, typically properties that have been repossessed by the bank. Although management has expressed confidence in resolving these assets without incurring losses, the optics have raised some caution in the market. Additionally, the bank announced that long-time CFO Dale Gibbons will transition to the role of Chief Banking Officer in January 2026, a move that may prompt questions around succession and continuity.

Despite these developments, DA Davidson’s bullish stance suggests confidence in the bank’s fundamentals and its ability to manage both operational and real estate risks effectively.

Western Alliance is a regional bank that provides a wide range of lending, deposit, and treasury services, primarily catering to commercial clients. It’s known for its strong presence in real estate lending and specialty financial services.

While we acknowledge the risk and potential of WAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.