WLTH earnings on January 12, 2025, expected at 15 cents per share. IPO shares priced at $14.00, currently trading at $13.50. Analysts project revenue of $93.23 million for the quarter. Multiple analysts initiated coverage with price targets between $16 and $20. Wealthfront shares fell 0.8% recently, indicating market volatility.
WLTH's stock opened at $8, below its $14 IPO price. Company targets long-term investors amid competition from Robinhood and SoFi. Wealthfront has $88 billion in assets and 1.3 million active users. Revenue exceeded $175 million with net income over $60 million recently. Young investors, especially Gen Z, are increasingly drawn to its platform.
Wealthfront filed for a U.S. IPO, signaling market entry. The firm holds $88.2 billion in assets and serves 1.3 million clients. Wealthfront generated $194.4 million net income in fiscal 2025. Target clientele includes high earners who prioritize wealth accumulation. Fintech IPOs are trending, with Wealthfront joining notable peers.