Ally Financial (NYSE:ALLY) is a prominent financial services company known for its digital banking, auto financing, and mortgage services. It competes with other financial institutions like Capital One and Bank of America. On January 23, 2025, Donald Fandetti from Wells Fargo set a price target of $34 for ALLY, while the stock was trading at $39.65, indicating a potential downside of approximately -14.25%.

Fandetti's price target adjustment from $32 to $34 reflects a cautious outlook, maintaining an Underweight rating on ALLY shares. This change follows the company's restatement of results due to an EV accounting change, which caused discrepancies in the fourth quarter. Despite these challenges, ALLY's auto credit performance has improved, positively affecting the 2025 net charge-off outlook.

The current stock price of $39.65 represents a 3.85% increase, or $1.47, from previous levels. Today, ALLY has traded between $39.13 and $41.49. Over the past year, the stock has seen a high of $45.46 and a low of $31.95, indicating some volatility in its performance.

ALLY's market capitalization is approximately $12.08 billion, with a trading volume of 8,159,154 shares on the NYSE. Despite the positive auto credit performance, Wells Fargo highlights that higher interest rates remain a challenge for the stock, potentially impacting its future growth and profitability.