Morgan Stanley Cuts Wells Fargo (WFC) Price Target to $101

Morgan Stanley reaffirms its Overweight rating on Wells Fargo with a target price of $101.0, a 20.74% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 1:56 PM EDT

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Morgan Stanley cut its price target on Wells Fargo & Company ($WFC) to $101 from $102 on October 14, 2026, and rates the stock "Overweight".

Since the rating, $WFC is up 3.7% to date (from the $80.90 close on Oct 14, 2026).

WFC Wells Fargo & Company

$83.87 -10.45% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Morgan Stanley reiterated its Overweight rating on Wells Fargo & Company, with a price target of $101.0, down from $102.0.
Morgan Stanley's $101 price target implies 20.74% upside from Wells Fargo & Company's ($WFC) current $83.65 share price.
As of October 16, 2026, Wells Fargo's stock is trading around $83.65, which is 17.2% below the analyst's target.
Wells Fargo reported trailing twelve-month revenue of $83.0 billion and a net margin of 27.2%.

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Morgan Stanley reaffirmed its Overweight rating on Wells Fargo & Company (NYSE: WFC) on October 14, 2026. The firm set a price target of $101.0, down from a previous target of $102.0. This rating comes as Wells Fargo's stock is currently trading around $83.65, which is 17.2% below the target price.

Other Institutional Activity in Wells Fargo

Several other institutional investors have made adjustments to their positions in Wells Fargo. Blackrock Inc. reduced its stake by 10,197,212 shares, ending with 250,601,039 shares valued at about $21.0 billion. Vanguard Capital Management LLC also trimmed its holdings by 863,278 shares, now holding 199,899,163 shares worth approximately $16.8 billion. Meanwhile, State Street Corporation grew its position by 487,801 shares, bringing its total to 135,987,935 shares valued at around $11.4 billion.

Wells Fargo & Company Stock Down 2.9%

Currently trading at $83.65, Wells Fargo's share price is significantly below its analyst target of $101.0. The stock trades well below its 52-week high, indicating potential room for growth if it aligns closer to analysts' expectations.

12-month forecast

$WFC price target

Wells Fargo & Company daily closes and this analyst's $101 target. Not advice.

Recent Earnings

Wells Fargo reported trailing twelve-month revenue of $83.0 billion, with a net margin of 27.2% and a return on equity of 12.6%. The company is set to announce its next earnings on October 20, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Wells Fargo & Company

Insider transactions show some activity at Wells Fargo. On February 26, 2026, Bridget E. Engle, an Officer, sold 30,000 shares at an average price of $87.10, totaling $2.61 million. Ellen Reilly Patterson, the General Counsel, also sold 60,000 shares the same day at an average price of $87.40, valued at $5.24 million.

Analysts Set New Price Targets

On the same day as Morgan Stanley's call, Citigroup maintained a Neutral rating with a target of $88.0, down from $90.0. Keefe, Bruyette & Woods also kept its Market Perform rating with a target of $90.0, reduced from $94.0. RBC Capital maintained an Outperform rating, lowering its target to $92.0 from $100.0. The consensus rating for Wells Fargo remains mixed, reflecting varied outlooks among analysts.

About Wells Fargo

Wells Fargo & Company is a financial services firm headquartered in San Francisco, CA. It provides a wide range of banking, investment, mortgage, and finance products both in the U.S. and internationally. The company's diverse operations span several segments, including Consumer Banking, Commercial Banking, and Wealth Management.

Bottom Line

Investors should watch for Wells Fargo's upcoming earnings report on October 20, 2026, which may influence future analyst ratings and stock performance. Morgan Stanley's reiteration of the Overweight rating suggests confidence in the company's long-term potential, despite the recent price dip.