J.P. Morgan Reiterates a Buy Rating on Western Alliance Bancorporation (WAL), Sets a PT of $100

Western Alliance Bancorporation (NYSE:WAL) is one of the best high growth low PE stocks to invest in now. In a report released on August 14, Anthony Elian from J.P. Morgan maintained a Buy rating on Western Alliance Bancorporation (NYSE:WAL) and set a price target of $100.00.

Is Western Alliance Bancorp. (WAL) the Best GARP Stock to Buy Now?

Western Alliance Bancorporation (NYSE:WAL) reported its fiscal Q2 2025 results on July 17, reporting a net income of $237.8 million and earnings per share of $2.07, up 19.4% and 15.6%, respectively.

The company also reported a net revenue of $845.9 million, reflecting a growth of 8.7%, or $67.9 million, compared to a 2.9% growth in non-interest expenses.

Western Alliance Bancorporation (NYSE:WAL) is a bank holding company that provides lending, international banking, deposit, and online banking services and products. The company’s operations are divided into the following business segments: Commercial, Consumer Related, and Corporate and Other.

While we acknowledge the potential of WAL 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 WAL 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.