DA Davidson Cuts Western Alliance Bancorporation Price Target

Analysts lower target price for the financial services provider to $93 from $105

Published on Mar. 10, 2026

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Equity research analysts at DA Davidson have reduced their price target for Western Alliance Bancorporation (NYSE:WAL) from $105.00 to $93.00, while maintaining a "buy" rating on the stock. The analysts cited the financial services provider's recent performance and market conditions as factors behind the target price cut.

Why it matters

Western Alliance Bancorporation is a major regional bank in the western United States, so changes to its stock price target by influential analysts can impact investor sentiment and the company's valuation. The reduced price target suggests analysts see near-term challenges for the bank, even as they maintain an overall positive long-term view.

The details

In their report, the DA Davidson analysts lowered the price target for Western Alliance Bancorporation from $105.00 to $93.00, while reiterating a "buy" rating on the stock. The analysts cited the bank's recent financial performance and broader market conditions as reasons behind the target price cut. Several other equity research firms have also weighed in on Western Alliance, with some adjusting their price targets and ratings in recent months.

  • The price target cut was announced on March 10, 2026.

The players

DA Davidson

An equity research firm that covers Western Alliance Bancorporation and other financial services companies.

Western Alliance Bancorporation

A major regional bank headquartered in Phoenix, Arizona that provides a range of banking services to commercial clients, entrepreneurs, and real estate developers across the western United States.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The reduced price target for Western Alliance Bancorporation by DA Davidson analysts reflects near-term challenges facing the regional bank, but the firm's overall "buy" rating suggests they remain optimistic about the company's long-term prospects. Investors will likely be closely watching the bank's future financial performance and any further analyst commentary.