---
title: "Wells Fargo Sticks to Their Buy Rating for Forbright (FRBT)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295393563.md"
description: "Wells Fargo analyst Rob Rutschow maintained a Buy rating on Forbright (FRBT) with a $22 price target on August 7, while shares closed at $19.08. The broader analyst consensus is a Moderate Buy with an average target of $22.83. Additionally, Goldman Sachs maintained a Buy rating with a $23.50 target in late July."
datetime: "2026-08-10T10:36:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295393563.md)
  - [en](https://longbridge.com/en/news/295393563.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295393563.md)
generator: "portal-rs"
---

# Wells Fargo Sticks to Their Buy Rating for Forbright (FRBT)

Wells Fargo analyst Rob Rutschow maintained a Buy rating on Forbright on August 7 and set a price target of $22.00. The company’s shares closed last Friday at $19.08.

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According to TipRanks, Rutschow is a 3-star analyst with an average return of 18.3% and a 90.00% success rate. Rutschow covers the Financial sector, focusing on stocks such as First Horizon, Pinnacle Financial Partners, and Popular.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forbright with a $22.83 average price target, which is a 19.65% upside from current levels. In a report released on July 31, Goldman Sachs also maintained a Buy rating on the stock with a $23.50 price target.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**