Wells Fargo Reiterates Buy Rating on NP
Wells Fargo reaffirms its buy rating on NP, setting a $35 target, a 14.83% upside from the current price.
Key Points
- Wells Fargo, through analyst Elyse Greenspan, reiterated a buy rating for NP with a price target of $35 on June 30, 2026.
- Wells Fargo's $35 price target implies 14.83% upside from Neptune Insurance Holdings Inc.'s ($NP) current $30.48 share price.
- NP shares traded around $30.48 on Tuesday, with other firms like Morgan Stanley maintaining a hold rating.
- Ameriprise Financial increased its NP holdings by 228,078 shares, while Cohen & Steers exited its position.
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On June 30, 2026, Wells Fargo analyst Elyse Greenspan reiterated a buy rating on NP, setting a price target of $35. This move comes as NP shares were trading around $30.48 on Tuesday.
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Other Institutional Activity in NP
Ameriprise Financial Inc increased its holdings in NP by 228,078 shares, bringing its total to 965,340 shares, valued at approximately $23.35 million. In contrast, Cohen & Steers, Inc. decided to exit its position, selling off 10,000 shares.
Analysts Set New Price Targets
On June 30, 2026, Wells Fargo initiated a buy rating on NP with a $35 price target. Earlier, on May 21, 2026, Morgan Stanley maintained a hold rating with a $29 target. Evercore ISI Group also maintained its buy rating, setting a $35 target on May 8, 2026. Keefe, Bruyette & Woods previously held a buy rating with a $32 target on April 23, 2026.
Bottom Line
Wells Fargo's reaffirmation of a buy rating on NP with a $35 target highlights confidence in the stock's potential. With shares trading near $30.48, investors will closely watch how these analyst insights influence market sentiment. Institutional moves, like those by Ameriprise Financial and Cohen & Steers, also provide a glimpse into broader market perspectives.
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