Wells Fargo & Company Lowers Wealthfront (NASDAQ:WLTH) Price Target to $15.50

Wealthfront (NASDAQ:WLTH) had its price target reduced by investment analysts at Wells Fargo & Company from $16.50 to $15.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 52.41% from the company’s current price.

Wealthfront Stock Down 0.9%

NASDAQ:WLTH traded down $0.09 during trading hours on Tuesday, reaching $10.17. The stock had a trading volume of 1,867,129 shares, compared to its average volume of 2,123,771. Wealthfront has a 52 week low of $9.70 and a 52 week high of $14.88.

Wealthfront (NASDAQ:WLTH) last announced its earnings results on Monday, January 12th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $93.22 million for the quarter.

About Wealthfront

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.