Wells Fargo Raises CRBG Price Target to $40

Wells Fargo maintains an Overweight rating on Corebridge Financial with an increased price target, a 14.16% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Wells Fargo raised its price target on Corebridge Financial, Inc. ($CRBG) to $40 from $39 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $CRBG is down 0.4% to date (from the $34.58 close on Oct 12, 2026).

CRBG Corebridge Financial, Inc.

$34.43 +16.40% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo reiterated its Overweight rating on Corebridge Financial, Inc. on October 12, 2026, and raised its price target from $39.00 to $40.00.
Wells Fargo's $40 price target implies 14.16% upside from Corebridge Financial, Inc.'s ($CRBG) current $35.04 share price.
As of October 16, 2026, Corebridge trades at $35.04, which is about 12.4% below the new price target set by Wells Fargo.
Corebridge Financial has a revenue of about $19.5 billion over the last twelve months, reflecting a year-over-year growth of 25.9%.

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Wells Fargo reiterated its Overweight rating on Corebridge Financial, Inc. (NYSE: CRBG) on October 12, 2026, raising its price target from $39.00 to $40.00. This change comes as the stock is currently trading at $35.04 as of October 16, 2026, which places it about 12.4% below the new target.

Other Institutional Activity in Corebridge Financial

Several other institutional investors have maintained their positions in Corebridge. Nippon Life Insurance Company holds 121,956,256 shares, valued at about $4.2 billion. Blackstone Inc. has 61,962,123 shares worth approximately $2.1 billion. Pzena Investment Management LLC increased its stake by 6,744,964 shares, bringing its total to 33,789,727 shares valued at around $1.2 billion. Blackrock Inc. holds 25,375,258 shares worth about $873 million, while Harris Associates L.P. has 25,132,155 shares valued at around $865 million.

Corebridge Financial, Inc. Stock Up 1.8%

Currently, Corebridge Financial is trading below Wells Fargo's new target price of $40.00. The stock's recent price of $35.04 suggests it has room for growth, especially given its strong revenue growth of 25.9% year-over-year, indicating robust operational performance.

12-month forecast

$CRBG price target

Corebridge Financial, Inc. daily closes and this analyst's $40 target. Not advice.

Recent Earnings

Corebridge Financial reported revenue of approximately $19.5 billion over the trailing twelve months, with an earnings per share (EPS) of $1.56. The company has a net margin of 4.6% and a return on equity (ROE) of 7.1%. Its next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at Corebridge Financial, Inc.

Nippon Life Insurance Company has been active in purchasing shares of Corebridge. On October 5, 2026, it bought 65,711 shares at $34.75, totaling about $2.3 million. The company continued to add to its stake with purchases of 116,345 shares at $35.23 on October 6, worth approximately $4.1 million, and 261,198 shares at $34.30 on October 8, valued at around $8.9 million. On the same day as Wells Fargo's rating, October 12, Nippon Life acquired an additional 479,940 shares, with the total value reaching about $16.4 million.

Analysts Set New Price Targets

On October 6, 2026, UBS maintained a Neutral rating on Corebridge with a price target of $36.00, up from $32.00. Mizuho also kept its Outperform rating while increasing its target to $40.00 from $38.00 on October 7. Barclays maintained an Overweight rating with a target of $39.00, raised from $33.00. Following these updates, Wells Fargo's reiteration on October 12 aligns with the overall positive sentiment among analysts.

About Corebridge Financial

Corebridge Financial, Inc. provides a range of retirement solutions and insurance products in the U.S. It operates through various segments, including Individual Retirement and Life Insurance. The company is headquartered in Houston, Texas, and employs about 4,800 people. This analyst rating and target adjustment could reflect confidence in its market position and growth potential.

Bottom Line

Investors should keep an eye on Corebridge Financial as it approaches its next earnings date on November 2, 2026. With several analysts maintaining positive ratings and target prices, the stock's performance in the coming weeks will be of interest, especially given its current trading position relative to the new targets set by Wells Fargo and others.