Morgan Stanley Raises its Price Target on Wells Fargo (WFC)

Wells Fargo & Company (NYSE:WFC) is one of the 10 Most Undervalued American Stocks to Invest In.

On June 29, 2026, Morgan Stanley raised its price target on Wells Fargo & Company (NYSE:WFC) to $102 from $97 and kept an Equal Weight rating. Morgan Stanley said that even after the bank group's 17% quarter-to-date rally, it remains positive on banks heading into earnings season as revenue momentum continues to build.

On June 26, Truist analyst John McDonald raised the firm's price target on Wells Fargo to $94 from $90 and kept a Buy rating as part of a broader note on Universal and Regional Banks. McDonald said Wells Fargo is leaning into commercial deposit gathering and growing the market's balance sheet, with both adding to client relationships and franchise value.

On June 25, Wells Fargo announced that it had completed the Federal Reserve's 2026 supervisory stress test process. The company said this year's stress test results do not impact bank capital requirements, and its stress capital buffer remains at 2.5%. Wells Fargo also said it expects to increase its third-quarter 2026 common stock dividend by 11% to $0.50 per share from $0.45 per share, subject to board approval in July, and has the capacity to continue repurchasing common stock.

Wells Fargo & Company (NYSE:WFC) provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

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