Wells Fargo Reiterates Buy Rating on Ally Financial
Wells Fargo maintains its buy rating on Ally Financial with a $55 target, a 17.91% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Ally Financial Inc. (NYSE:ALLY) with a $55 price target on June 26, 2026.
- Wells Fargo's $55 price target implies 17.91% upside from Ally Financial Inc.'s ($ALLY) current $46.65 share price.
- Ally Financial shares traded near $46.62 on Friday, with a market cap of approximately $14.2 billion and a P/E ratio of 11.24.
- Insider buying activity was noted in May, and other major funds like BlackRock and Vanguard increased their stakes.
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On June 26, 2026, Wells Fargo reiterated its buy rating on Ally Financial Inc. (NYSE:ALLY), setting a price target of $55. Analyst Donald Fandetti maintained the bullish outlook as Ally Financial shares traded near $46.62 on Friday.
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Ally Financial Inc. Stock Up 10.6%
Shares of NYSE:ALLY traded near $46.62 on Friday. Ally Financial has a market cap of about $14.2 billion and a P/E ratio of 11.24, with a forward P/E of 7.14. The stock's 52-week range is between $35.92 and $47.27, and it has a beta of 1.094. The company also boasts a 50-day moving average of $43.59 and a 200-day moving average of $41.86.
$ALLY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in Ally Financial
BlackRock, Inc. grew its holdings by 1,103,996 shares, ending with 28,534,233 shares valued at approximately $1.12 billion. Vanguard Portfolio Management LLC opened a new position, acquiring 13,349,079 shares worth about $523.7 million. Meanwhile, Harris Associates L.P. reduced its stake by 635,463 shares, leaving it with 26,410,285 shares valued at around $1.04 billion. Wellington Management Group LLP cut its holdings by 2,912,382 shares, finishing with 11,358,908 shares valued at roughly $445.6 million.
Insider Buying and Selling at Ally Financial Inc.
On May 15, 2026, several insiders purchased shares of Ally Financial. Hobbs Franklin IV, Cary William, Gibbons Thomas, Sharples Brian, and Weber Tracey Drake each bought 3,632 shares at an average price of $41.99. Additionally, Chief Risk Officer Stephanie Richard sold 5,000 shares at $42.14 under a planned transaction.
Analysts Set New Price Targets
On June 26, 2026, Wells Fargo maintained its buy rating on Ally Financial with a $55 price target. Citigroup also maintained a buy rating with a $58 target on June 23, 2026. Other recent analyst actions include Evercore ISI Group and Goldman Sachs, both maintaining buy ratings with targets of $54 and $56, respectively. Overall, the consensus recommendation is a buy, with a mean target price of $53.41 among 17 analysts.
About Ally Financial
Ally Financial Inc., headquartered in Detroit, Michigan, is a digital financial services company offering a variety of financial products in the U.S. and Canada. It operates through automotive finance, insurance, and corporate finance segments. Ally provides automotive financing, consumer finance protection, and insurance products. The company also offers asset-based and cash flow loans to middle-market companies and commercial real estate products. Led by CEO Michael G. Rhodes, Ally employs around 10,300 people.
Bottom Line
Wells Fargo's reiterated buy rating and $55 price target reflect continued confidence in Ally Financial's prospects. The stock's performance and recent insider activities are noteworthy for investors tracking the company's developments. As always, it's important to remember that analyst ratings are based on past data and market conditions, which can change.
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