Wealthfront and Netwealth Group see share price declines

Wealthfront (NASDAQ: WLTH) shares experienced a decline of 5.6% during mid-day trading on Wednesday, reaching a low of $10.34. The company's market capitalization stands at $1.51 billion. Recent analyst activity includes Keefe, Bruyette & Woods lowering its price target to $10.50, and Goldman Sachs issuing a neutral rating with a $10.00 target. JPMorgan Chase & Co. also adjusted its target price from $13.00 to $12.00 while maintaining an overweight rating.

In Australia, Netwealth Group Ltd (ASX: NWL) shares reached a 52-week low of $18.29 on Wednesday, marking a roughly 40% decline over the past year. Despite the share price volatility, the company reported $135.7 billion in funds under administration for FY26, representing a 20% annual increase. Market concerns regarding the sector have been influenced by the launch of specialized financial AI tools from Anthropic and OpenAI, though analysts suggest established platforms may integrate these technologies rather than being replaced by them.