Bank of America (BofA) has adjusted its price target for Western Alliance Bancorporation (WAL, Financial), lowering it slightly from $100 to $98, while maintaining a Buy rating on the stock. This adjustment reflects a modest decrease in the firm's earnings per share (EPS) projections for the fiscal years 2025 and 2026.
The revised EPS estimates now stand at $8.70 for FY25 and $10.25 for FY26, reflecting reductions of 0.9% and 1.7%, respectively. Despite this, BofA continues to view Western Alliance's stock favorably, citing an "attractive" discount valuation.
Analysts project that Western Alliance will experience an average annual EPS growth of approximately 18% over the next two years, significantly outpacing the industry average. This optimistic growth forecast underscores the firm’s potential despite the adjusted price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Western Alliance Bancorp (WAL, Financial) is $98.08 with a high estimate of $112.00 and a low estimate of $80.00. The average target implies an upside of 50.10% from the current price of $65.34. More detailed estimate data can be found on the Western Alliance Bancorp (WAL) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Western Alliance Bancorp's (WAL, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Western Alliance Bancorp (WAL, Financial) in one year is $91.71, suggesting a upside of 40.36% from the current price of $65.34. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Western Alliance Bancorp (WAL) Summary page.
