Evercore ISI Raises PT on Wells Fargo & Company (WFC), Keeps an Outperform Rating

Wells Fargo & Company (NYSE:WFC) is one of the Best and Cheap Stocks to Buy Right Now. On September 30, John Pancari from Evercore ISI raised the firm’s price target on Wells Fargo & Company (NYSE:WFC) from $94 to $98, while keeping an Outperform rating on the stock.

The analyst noted that the regional banks and specialty finance trends appear solid for the fiscal third quarter of 2025. However, he cautioned that the full momentum might not be realized in earnings until early 2026. Wells Fargo & Company (NYSE:WFC) topped Wall Street estimates during its fiscal second quarter of 2025. It delivered an EPS of $1.54, ahead of consensus by $0.14. Moreover, the revenue of $20.82 billion grew by 0.64% year-over-year to top the estimates by $15.16 million.

Wells Fargo & Company (NYSE:WFC) is a financial services firm offering banking, investment, mortgage, and finance products to individuals, businesses, and institutions.

While we acknowledge the potential of WFC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WFC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.