Wells Fargo and Piper Sandler Raise Price Targets on Prudential Financial (PRU) After Strong Q1 Results

With an annual dividend yield of 5.43%, Prudential Financial, Inc. (NYSE:PRU) is included among the 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows.

Wells Fargo and Piper Sandler Raise Price Targets on Prudential Financial (PRU) After Strong Q1 Results

On May 12, Wells Fargo analyst Wes Carmichael raised the firm’s price target on Prudential Financial, Inc. (NYSE:PRU) to $100 from $93 and maintained an Underweight rating on the shares. The firm said it was also updating estimates to reflect Q1 actual results, recent strength in equity markets, and company-specific adjustments.

On May 11, Piper Sandler analyst John Barnidge raised the firm’s price target on Prudential Financial to $105 from $99 while keeping a Neutral rating on the stock. The firm noted that Prudential delivered results well above both Piper’s estimates and broader consensus expectations, supported by strong year-over-year growth. The report pointed to a large pension risk transfer that partly contributed to the earnings beat of $1.4B in Q1 2026, compared to 0c in Q1 2025. Corporate and Other results were also viewed as stronger than the firm’s expectations.

Prudential Financial, Inc. (NYSE:PRU) is a financial services provider and global investment manager. The company offers life insurance, annuities, retirement-related products and services, mutual funds, and investment management solutions.

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