Wealthfront drops as brokerages cut PTs after Q4 results

Wealthfront

12/03/2026 12:44

** Shares of robo-adviser Wealthfront WLTH.O fall 6% to $7.8 premarket

** At least 3 brokerages cut PT after WLTH posts Q4 net loss of $1.31 per share, vs. profit of 23 cents a year earlier

** WLTH books $310.7 million in expenses, compared with $51.8 million a year earlier, primarily due to higher one-time stock-based compensation (SBC) expense of $239 million

** KBW downgrades WLTH to "market perform" from "outperform" and cuts PT to $9.5 from $13.5 citing cash outflows and fee rate headwinds

** Wells Fargo and JPM also cut PT to $12 and $10, respectively

** 4 of 7 analysts rate stock "strong buy" or "buy" and 3 "hold"; median PT is $12 - data compiled by LSEG

** As of last close, WLTH down 38% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))