Piper Sandler cuts target for WaFd stock to USD 32.00

Published on 10/06/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter 2026 revenue rose to USD 194.52 million from USD 193.38 million. The average target for WaFd stock is USD 35.25.

WAFD, US9388241096, Illustration mit AI erstellt.

WaFd, Inc. (US9388241096) faces a lower analyst valuation after Piper Sandler cut its price target from USD 36.00 to USD 32.00 on October 1, 2026, while maintaining a neutral rating, as MarketBeat reported. The move puts the focus on execution around the bank's planned combination with EverBank.

Merger creates a larger bank

According to WaFd in its investor-relations information dated September 7, 2026, the company entered a USD 3.9 billion reverse merger transaction with EverBank Financial Corp. The transaction is expected to create a bank holding company with USD 75 billion in pro forma assets, while the combined group is planned to adopt the EverBank name and a new ticker after completion.

The agreement is subject to regulatory and shareholder approvals, and the planned completion is in early 2027, according to the company information. That timetable makes integration milestones and the final ownership structure material variables for the stock's valuation.

Third-quarter figures improved

WaFd reported USD 194.52 million of revenue in the third quarter of fiscal 2026, up from USD 193.38 million in the second quarter, while net income rose to USD 66.13 million from USD 65.55 million, according to Investing.com. Diluted earnings per share reached USD 0.84 in the third quarter, compared with USD 0.82 in the second quarter.

The upcoming report will provide the next direct test of that trajectory. WaFd announced that it will release fourth-quarter and full-year 2026 results after market close on October 15, 2026, with an investor call on October 16, 2026, as TradingView reported.

Nasdaq valuation remains measurable

On Nasdaq, WAFD was last at USD 30.30 on October 6, 2026 at 10:17 a.m. ET. The stock's market capitalization was USD 2.2 billion, while its 52-week range was USD 26.31 to USD 39.49 on the same quote snapshot.

MarketBeat's broader analyst view lists a Hold consensus, one Buy rating and four Hold ratings, with an average target of USD 35.25. The contrast between Piper Sandler's USD 32.00 target and the USD 35.25 average shows how merger execution has widened the range of published expectations.