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Analysts Offer Insights on Financial Companies: Wells Fargo (WFC) and Oceanfirst Financial (OCFC)

Tipranks - Tipranks - Fri Jul 3, 3:34AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Wells Fargo (WFC) and Oceanfirst Financial (OCFC).

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Wells Fargo (WFC)

In a report released yesterday, Richard Ramsden from Goldman Sachs maintained a Buy rating on Wells Fargo, with a price target of $93.00. The company’s shares closed last Wednesday at $85.94.

According to TipRanks.com, Ramsden is a 5-star analyst with an average return of 18.0% and a 74.4% success rate. Ramsden covers the Financial sector, focusing on stocks such as Bank of America, JPMorgan Chase, and Morgan Stanley. ;'>

Currently, the analyst consensus on Wells Fargo is a Moderate Buy with an average price target of $95.42, implying a 15.2% upside from current levels. In a report issued on June 22, RBC Capital also maintained a Buy rating on the stock with a $100.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Oceanfirst Financial (OCFC)

Raymond James analyst Daniel Tamayo reiterated a Hold rating on Oceanfirst Financial today. The company’s shares closed last Wednesday at $19.62.

According to TipRanks.com, Tamayo is a 5-star analyst with an average return of 16.5% and a 68.5% success rate. Tamayo covers the Financial sector, focusing on stocks such as Enterprise Financial Services, First Mid-Illinois Bancshares, and Farmers National Banc Oh. ;'>

Oceanfirst Financial has an analyst consensus of Hold, with a price target consensus of $19.00, which is a -2.7% downside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $21.50 price target.

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