RBC Capital has revised its price target for Western Alliance Bancorporation (WAL, Financial), lowering it to $85 from the previous $105 while maintaining an Outperform rating on the stock. This adjustment comes in light of the company's first-quarter performance, which was bolstered by positive balance sheet growth. Despite some market uncertainties, the company remains optimistic about its ability to achieve steady growth by 2025, according to the latest analyst comments.
The financial environment has introduced some volatility, yet the management at Western Alliance continues to emphasize the potential of their diverse business strategies to sustain growth. RBC Capital's confidence in the company's long-term outlook appears intact, as they have not altered the Outperform designation, reflecting belief in the bank's robust performance capabilities in the coming years.
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.
