The Bank of New York Mellon Corporation (BK)
NYSE: BK · IEX Real-Time Price · USD
60.50
+0.39 (0.65%)
Jul 2, 2024, 4:00 PM EDT - Market closed
BNY Mellon Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for BNY Mellon stock have an average target of 61.05, with a low estimate of 44 and a high estimate of 70. The average target predicts an increase of 0.91% from the current stock price of 60.50.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for BNY Mellon stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 5 | 5 | 5 | 5 | 5 | 4 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades $60 → $70 | Hold → Buy | Upgrades | $60 → $70 | +15.70% | Jun 27, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $67 → $68 | Strong Buy | Maintains | $67 → $68 | +12.40% | Apr 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $64 → $66 | Strong Buy | Maintains | $64 → $66 | +9.09% | Apr 17, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $57 → $61 | Hold | Maintains | $57 → $61 | +0.83% | Apr 4, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $58 | Hold | Reiterates | $58 | -4.13% | Mar 27, 2024 |
Financial Forecast
Revenue This Year
18.56B
from 17.50B
Increased by 6.03%
Revenue Next Year
18.96B
from 18.56B
Increased by 2.15%
EPS This Year
5.65
from 3.87
Increased by 45.91%
EPS Next Year
6.26
from 5.65
Increased by 10.89%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.1B | 19.8B | 20.4B | 20.7B | 21.3B |
| Avg | 18.6B | 19.0B | 19.7B | 20.3B | 20.9B |
| Low | 17.4B | 17.5B | 18.3B | 19.4B | 19.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.2% | 6.6% | 7.7% | 5.2% | 4.8% |
| Avg | 6.0% | 2.2% | 4.0% | 3.2% | 2.8% |
| Low | -0.7% | -5.7% | -3.4% | -1.8% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.99 | 6.66 | 7.50 | 7.18 | 7.80 |
| Avg | 5.65 | 6.26 | 7.08 | 7.05 | 7.65 |
| Low | 5.23 | 5.68 | 6.47 | 6.70 | 7.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 54.7% | 17.9% | 19.7% | 1.4% | 10.7% |
| Avg | 45.9% | 10.9% | 13.1% | -0.5% | 8.6% |
| Low | 35.2% | 0.7% | 3.3% | -5.3% | 3.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.