Wealthfront Corporation (WLTH) PT Lowered to $10.25 at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods analyst Ryan Tomasello lowered the price target on Wealthfront Corporation (NASDAQ: WLTH) to $10.25 (from $10.50) while maintaining a Market Perform rating.

The analyst commented: "Following WLTH's 2Q results, we are reducing our F'27/F'28E AEBITDA by ~1-2% to $153.4mn/$171.0mn (from $154.8/ $173.8mn), primarily driven by lower investment advisory fee rates and a slower mortgage ramp. We reduce our price target to $10.25 (from $10.50) using an unchanged 12x multiple on our F2028E AEBITDA incl. SBC. Maintain Market Perform."

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