Wealthfront Corp. (WLTH) saw its shares drop 5.08% in pre-market trading on Tuesday, reflecting investor concerns following a price target cut by Wells Fargo.
Wells Fargo lowered its price target on Wealthfront to $15.50 from $16.50, citing lingering concerns over cash asset shrinkage. This adjustment has likely contributed to the negative sentiment surrounding the stock, leading to the pre-market decline.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.