Key Takeaways:
- Western Alliance Bancorporation (WAL, Financial) reported a slight earnings beat but missed revenue expectations for Q1.
- Analysts project a potential upside of over 54% with an average price target of $100.14.
- The stock is rated "Outperform," with a significant upside potential based on GF Value estimates.
Western Alliance's Financial Performance: A Quick Overview
Western Alliance Bancorporation (WAL) recently revealed its first-quarter financial results, posting a GAAP EPS of $1.79, a figure that slightly exceeded analyst predictions by $0.01. Despite this earnings beat, the bank's revenue came in at $778 million, missing projections by $15.2 million, though it still marked a 6.8% increase compared to the previous year. Looking ahead, Western Alliance anticipates favorable trends with rising net interest income and a reduction in noninterest expenses by 2025.
Wall Street Analysts' Insights
According to 14 analysts' one-year price targets, Western Alliance Bancorp (WAL, Financial) has an average target price of $100.14. The estimates range from a high of $112.00 to a low of $75.00. This average target presents a promising upside of 54.35% from its current market price of $64.88. Investors seeking more comprehensive data can explore the Western Alliance Bancorp (WAL) Forecast page.
The consensus from 14 brokerage firms positions Western Alliance Bancorp's (WAL, Financial) average brokerage recommendation at 1.7, suggesting an "Outperform" status. This rating falls on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
Assessing Future Value with GuruFocus Metrics
GuruFocus estimates suggest a conceivable GF Value of $91.71 for Western Alliance Bancorp (WAL, Financial) within one year, indicating an upside of 41.35% from its present price of $64.88. The GF Value represents GuruFocus' calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and projected future performance. For a deeper dive into these metrics, visit the Western Alliance Bancorp (WAL) Summary page.
