Wells Fargo Cuts Ally Financial (ALLY) Price Target to $42
Key Points
- Wells Fargo downgraded Ally Financial Inc. to Equal-Weight on September 30, 2026, reducing its price target from $55.00 to $42.00.
- Wells Fargo's $42 price target implies 10.12% upside from Ally Financial Inc.'s ($ALLY) current $38.14 share price.
- Ally Financial recently traded around $38.14 as of October 16, 2026, following an event close of $37.62 on September 30, 2026.
- Wall Street coverage includes recent rating updates from Citigroup, UBS, Raymond James, and TD Cowen ahead of upcoming earnings on October 20, 2026.
Since the rating, $ALLY is down 0.7% after 1 week and up 0.2% to date (from the $37.62 close on Sep 30, 2026).
Get Ally Financial text alerts
We text you when insiders, Congress, analysts or big funds move on $ALLY.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Ally Financial Inc. alert may contain errors. Disclosures
Wells Fargo lowered its rating on Ally Financial Inc. NYSE: ALLY to Equal-Weight on September 30, 2026. The research note adjustment also included a lowered price target for the digital financial services provider.
ALLY
Ally Financial Inc.
Wells Fargo's Call on Ally Financial
On September 30, 2026, Wells Fargo lowered its view on the stock from previous levels, moving its price target down from $55.00 to $42.00. Ally Financial closed at $37.62 on the day of the rating change.
Other Institutional Activity in Ally Financial
Other large institutional investors adjusted their holdings in the company ahead of the shift. Berkshire Hathaway, Inc reduced its stake by 2,001,074 shares, ending with 27,000,000 shares worth about $1.02 billion. Harris Associates L.P. trimmed its position by 303,705 shares to hold 26,105,434 shares valued at roughly $983.7 million. Sessa Capital IM, L.P. kept its holdings unchanged at 8,488,098 shares worth about $319.8 million. Arrowstreet Capital, Limited Partnership grew its stake by 79,370 shares or 1.2%, finishing with 6,863,117 shares valued at about $258.6 million.
Ally Financial Inc. Stock Down 4.6%
The shares recently traded around $38.14 as of October 16, 2026, sitting up about 1.4% since the September 30 rating change. The stock trades about 9.2% below the new $42.00 target set by Wells Fargo.
$ALLY price target
Ally Financial Inc. daily closes and this analyst's $42 target. Not advice.
Recent Earnings
Ally Financial reported trailing-twelve-month revenue of $7.90 billion alongside earnings of $4.25 per share. The company posted a net profit margin of 18.4% and a return on equity of 9.7%, with year-over-year revenue growth reaching 11.0%. The company's next earnings report is scheduled for October 20, 2026.
Dividend
Ally Financial pays an annual dividend rate of $1.20 per share, supported by a payout ratio of 28.2%.
Insider Buying and Selling at Ally Financial Inc.
Company insiders executed sales earlier in the year, including officer Douglas R. Timmerman selling 39,675 shares on April 17, 2026, and Stephanie N. Richard selling shares across multiple dates.
Analysts Set New Price Targets
Wall Street coverage includes several recent notes, such as Citigroup maintaining a Buy rating with a $50.00 target on September 25, 2026. Later, UBS maintained a Buy rating on October 5, 2026, while lowering its target to $50.00. Raymond James maintained a Strong Buy rating on October 6, 2026, with a $52.00 target, and TD Cowen maintained a Buy rating on the same day with a $54.00 target.
About Ally Financial
Ally Financial Inc. operates as a digital financial services company providing banking, automotive finance, and insurance products in the United States and Canada.
Bottom Line
Investors are watching for the upcoming earnings report on October 20, 2026, to gauge how current automotive and corporate finance operations are performing against recent analyst expectations.
Related Filing Alerts
Source: Wells Fargo's rating change on $ALLY (Sep 30, 2026). Written by software, not financial advice. How we make alerts