Western Alliance Bancorporation (NYSE:WAL) is one of the best financial pure plays under $100 according to Hedge Funds.
On December 19, Jared Shaw from Barclays reaffirmed his stance on Western Alliance Bancorporation with a Buy rating. The analyst also raised his price target from the previous estimate of $112 to $115. The revised forecast now leads to a potential upside on the stock of almost 36%.
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Shaw’s upward revision in price target for Western Alliance Bancorporation is part of the broader 2026 outlook revisions for mid-cap banks. He shared his optimistic forecast backed by a higher level of differentiation in loan growth. Moreover, he also anticipates an expansion of book value during the coming year. The combination of these factors has led to Shaw’s bullish view on the stock.
As of December 30, Western Alliance Bancorporation stock has received coverage from 10 analysts, with 9 Buy ratings and only 1 Sell rating. Consensus estimates have set a target price of $102.88, implying nearly 22% upside for investors.
Western Alliance Bancorporation is the bank holding company for Western Alliance Bank. They operate within the commercial and consumer banking segment, offering a variety of services including commercial loans, asset-based lending, equipment finance, personal checking accounts, IRA savings, and more. They also facilitate small businesses through mobile & online banking, business credit cards, and loans.
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This article is originally published at Insider Monkey.
