Demystifying Western Alliance: Insights From 5 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Western Alliance (NYSE:WAL) has received mixed reviews from analysts over the past three months, with a total of 3 bullish, 1 somewhat bullish, and 1 indifferent rating. The average 12-month price target for WAL is $74.6, marking a 9.71% increase from the previous target of $68.00. Analysts from Wells Fargo, Citigroup, RBC Capital, and Truist Securities have raised their price targets, reflecting a positive outlook on the company's performance. Despite a revenue decline of -7.17% as of December 31, 2023, Western Alliance has strong profitability indicators such as a net margin of 26.85% and an exceptional ROE of 2.58%. However, the company's debt-to-equity ratio of 1.44 is higher than the industry average, suggesting higher financial risk.
January 30, 2024 | 12:00 pm
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POSITIVE IMPACT
Western Alliance has a mixed analyst outlook with raised price targets, indicating a positive sentiment. However, concerns may arise from its high debt-to-equity ratio despite strong profitability metrics.
The raised price targets from analysts suggest a positive short-term impact on WAL's stock price. The strong profitability metrics such as net margin and ROE support this outlook. However, the high debt-to-equity ratio could be a concern for some investors, potentially moderating the positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100