TD Cowen starts coverage of Wells Fargo stock with USD 95 target

Published on 10/12/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept a USD 102.00 target on October 5, 2026. Wells Fargo stock was EUR 74.82 on October 12, 2026.

Key points in brief

TD Cowen started coverage of Wells Fargo with a USD 95.00 target on October 8, 2026.
Morgan Stanley upgraded Wells Fargo to Overweight and kept a USD 102.00 target on October 5, 2026.
Wells Fargo stock was trading at EUR 74.82 at Lang & Schwarz on October 12, 2026 at 12:30 p.m. CEST.
The bank's market capitalization was USD 252.7 billion as of October 9, 2026, with a USD 72.78 to USD 97.76 52-week range.

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Wells Fargo & Co. (ISIN US9497461015) was trading at EUR 74.82 at Lang & Schwarz on October 12, 2026 at 12:30 p.m. CEST. TD Cowen started coverage with a USD 95.00 target on October 8, 2026, adding a fresh analyst view before the bank's scheduled third-quarter report.

Analysts set competing targets

According to MarketBeat on October 8, 2026, TD Cowen initiated coverage with a Buy rating and a USD 95.00 price target. The same report cited a Moderate Buy consensus and a USD 99.47 average target.

CNBC reported on October 5, 2026, that Morgan Stanley upgraded Wells Fargo from Equal-Weight to Overweight and set a USD 102.00 target. The analyst called Wells Fargo a top pick, while the report said 18 of 26 analysts held Buy or Strong Buy ratings.

Three target changes in October

The recent sequence shows a wide range of views. According to MarketBeat, JPMorgan cut its target from USD 95.50 to USD 91.50 on October 2, 2026, while Morgan Stanley moved its rating higher three days later. TD Cowen then opened coverage at USD 95.00 on October 8, 2026.

For market context, Wells Fargo's primary-listing quote was USD 83.55 at the close of October 9, 2026. The stock's 52-week range was USD 72.78 to USD 97.76, and its market capitalization was USD 252.7 billion on that date.

What comes next for earnings?

According to AnaChart on October 5, 2026, Wells Fargo was scheduled to report third-quarter results on October 13, 2026. The same report listed consensus expectations of USD 1.85 in earnings per share and USD 22.36 billion in revenue, giving the next results release a clear numerical test.

Wells Fargo stock stays in focus

The latest targets place the bank between a USD 91.50 downside view and a USD 102.00 bullish case. That spread makes the upcoming report important because the competing calls depend on whether Wells Fargo can sustain the earnings profile described by the bullish analysts.

The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.