Wells Fargo Stock Intrinsic Value – Wells Fargo Analyst Raises Price Target for Danaher Stock to Overweight
April 22, 2023
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Wells Fargo ($NYSE:WFC) is an American financial services company providing banking, investments, mortgage, and consumer and commercial finance services. On April 18, 2023, Timothy Daley of Wells Fargo made an upgrade to Danaher from Equal-Weight to Overweight, and increased the price target of Danaher stock. This upgrade was based on a strong outlook for the company’s growth potential in the upcoming quarters. Danaher is a global science and technology innovator that designs and manufactures products, services and solutions that help customers improve their quality of life. The upgrade came as a result of the company’s positive performance in the last quarter, which saw revenue and adjusted earnings beat expectations.
Furthermore, Despite the challenging economic environment, Danaher has shown strong profitability in its core businesses and is likely to benefit from its focus on cost control and efficiency initiatives. Therefore, by raising the price target for Danaher to overweight, Timothy Daley of Wells Fargo is expressing his confidence in the company’s long-term prospects. With a larger market capitalization than its peers and a diversified portfolio of products and services, Danaher is well-positioned to take advantage of future market opportunities. As such, Wells Fargo’s upgraded rating and price target for the company is indicative of its positive outlook on the company’s future growth.
Market Price
On Tuesday, WELLS FARGO stock opened at $41.2 and closed at $41.9, up by 1.4% from previous closing price of 41.3. This was due to an analyst at Wells Fargo raising the price target for Danaher stock to an “overweight” rating. This marks a major shift in the outlook of the stock from the previous “equal weight” rating, indicating that Wells Fargo is optimistic about Danaher’s future prospects. The analyst noted that Danaher has strong fundamentals and diversified business strategies that would help it withstand the current economic uncertainty.
They also highlighted the company’s commitment to innovation and advanced technology as a source of future growth. Consequently, the new “overweight” rating is likely to boost investor confidence in the stock and could further drive up its price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wells Fargo. More…
| Total Revenues | Net Income | Net Margin |
| – | 13.39k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wells Fargo. More…
| Operations | Investing | Financing |
| 27.05k | -42.48k | -59.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wells Fargo. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.89M | 1.7M | – |
Key Ratios Snapshot
Some of the financial key ratios for Wells Fargo are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.6% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Wells Fargo Stock Intrinsic Value
At GoodWhale, we have conducted an extensive analysis of the fundamentals of WELLS FARGO in order to evaluate the fair value of its shares. Using our proprietary Valuation Line, we determined the fair value of WELLS FARGO share to be around $40.3. At the time of writing, WELLS FARGO stock is being traded at a price of $41.9, representing a fair price that is overvalued by 4.0%. More…
Peers
JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc are its main competitors.
– JPMorgan Chase & Co ($NYSE:JPM)
JPMorgan Chase & Co is a financial holding company. Through its subsidiaries, the firm provides investment banking, financial services. JPMorgan Chase & Co has a market cap of 369.23B as of 2022. The company has operations in more than 60 countries and serves more than 30 million customers globally.
– Bank of America Corp ($NYSE:BAC)
Bank of America Corp is an American multinational investment bank and financial services company with a market cap of 289.13B as of 2022. The company provides services such as investment banking, wealth management, and retail banking to clients all over the world. Bank of America is one of the “Big Four” banks in the United States, along with JPMorgan Chase, Citigroup, and Wells Fargo.
– Citigroup Inc ($NYSE:C)
Citigroup Inc. is an American multinational investment bank and financial services corporation with a market cap of 88.82B as of 2022. The company has operations in more than 160 countries and serves more than 200 million customers. Citigroup’s businesses include consumer banking, corporate banking, investment banking, and wealth management. The company was founded in 1812 and is headquartered in New York City.
Summary
Wells Fargo recently upgraded its rating of Danaher from Equal-Weight to Overweight, and set a higher price target. This move is an indication that Wells Fargo believes that Danaher is a sound investment with potential for growth. The upgrade was made by Timothy Daley, an analyst at Wells Fargo, on April 18, 2023. Investors are encouraged to research the company and its stock before making any investment decision.
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