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Wealthfront Draws Wall Street Attention as First Earnings Report Looms

MarketDash Editorial Team
1 day ago
Fresh off its IPO last month, Wealthfront faces its debut earnings report on Monday as analysts from JP Morgan, RBC Capital, and Citizens weigh in with bullish price targets ranging from $16 to $20.

Wealthfront Corporation (WLTH) is about to face its first earnings test as a public company. The Redwood City, California-based fintech firm will report third quarter results after markets close on Monday, January 12, 2025.

Wall Street is looking for quarterly earnings of 15 cents per share on revenue of $93.23 million, according to analyst consensus data. Not bad for a company that just went public about a month ago.

Speaking of that IPO, Wealthfront priced 34,615,384 common shares at $14.00 each on December 11. Since then, shares have drifted slightly lower, closing Wednesday at $13.50, down 0.8% for the session.

What the Smart Money Is Saying

In the wake of the IPO, several top Wall Street firms have rolled out coverage on Wealthfront, and most of them are feeling optimistic. Here's how analysts with solid track records are viewing the stock:

JP Morgan analyst Kenneth Worthington launched coverage with an Overweight rating and a $16 price target on January 6. Worthington carries a 55% accuracy rate on his calls.

RBC Capital analyst Daniel Perlin also initiated on January 6 with an Outperform rating and a $17 price target. His accuracy rate sits at 55% as well.

Citizens analyst Devin Ryan is the most bullish of the bunch, kicking off coverage with a Market Outperform rating and a $20 price target on January 6. Ryan boasts an impressive 84% accuracy rate, making his call particularly worth noting.

Meanwhile, Keybanc analyst Alex Markgraff took a more cautious stance, initiating with a Sector Weight rating (essentially a neutral view) on January 6. Markgraff has a 72% accuracy rate.

The consensus here is interesting. Three out of four analysts see upside from the current $13.50 price level, with price targets implying gains of roughly 19% to 48% if those projections pan out. Not a bad setup heading into the company's earnings debut.

Wealthfront Draws Wall Street Attention as First Earnings Report Looms

MarketDash Editorial Team
1 day ago
Fresh off its IPO last month, Wealthfront faces its debut earnings report on Monday as analysts from JP Morgan, RBC Capital, and Citizens weigh in with bullish price targets ranging from $16 to $20.

Wealthfront Corporation (WLTH) is about to face its first earnings test as a public company. The Redwood City, California-based fintech firm will report third quarter results after markets close on Monday, January 12, 2025.

Wall Street is looking for quarterly earnings of 15 cents per share on revenue of $93.23 million, according to analyst consensus data. Not bad for a company that just went public about a month ago.

Speaking of that IPO, Wealthfront priced 34,615,384 common shares at $14.00 each on December 11. Since then, shares have drifted slightly lower, closing Wednesday at $13.50, down 0.8% for the session.

What the Smart Money Is Saying

In the wake of the IPO, several top Wall Street firms have rolled out coverage on Wealthfront, and most of them are feeling optimistic. Here's how analysts with solid track records are viewing the stock:

JP Morgan analyst Kenneth Worthington launched coverage with an Overweight rating and a $16 price target on January 6. Worthington carries a 55% accuracy rate on his calls.

RBC Capital analyst Daniel Perlin also initiated on January 6 with an Outperform rating and a $17 price target. His accuracy rate sits at 55% as well.

Citizens analyst Devin Ryan is the most bullish of the bunch, kicking off coverage with a Market Outperform rating and a $20 price target on January 6. Ryan boasts an impressive 84% accuracy rate, making his call particularly worth noting.

Meanwhile, Keybanc analyst Alex Markgraff took a more cautious stance, initiating with a Sector Weight rating (essentially a neutral view) on January 6. Markgraff has a 72% accuracy rate.

The consensus here is interesting. Three out of four analysts see upside from the current $13.50 price level, with price targets implying gains of roughly 19% to 48% if those projections pan out. Not a bad setup heading into the company's earnings debut.