The Bank of New York Mellon Corporation (BK)
NYSE: BK · IEX Real-Time Price · USD
57.67
+0.73 (1.29%)
Mar 28, 2024, 12:23 PM EDT - Market open

BNY Mellon Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for BNY Mellon stock have an average target of 54.28, with a low estimate of 44 and a high estimate of 65. The average target predicts a decrease of -5.87% from the current stock price of 57.67.

Analyst Consensus: Buy
Target Low Average Median High
Price $44 $54.28 $54.5 $65
Change -23.70% -5.87% -5.49% +12.72%

Analyst Ratings

The average analyst rating for BNY Mellon stock from 9 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333222
Buy 223111
Hold 444555
Sell 222111
Strong Sell 000000
Total 111112999

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
RBC Capital
RBC Capital
Hold
Reiterates
$58
Hold Reiterates $58 +0.58% Mar 27, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$60$65
Strong Buy Maintains $60$65 +12.72% Feb 14, 2024
Morgan Stanley
Morgan Stanley
Hold
Upgrades
$52$62
Hold Upgrades $52$62 +7.52% Jan 30, 2024
UBS
UBS
Strong Buy
Maintains
$54$62
Strong Buy Maintains $54$62 +7.52% Jan 9, 2024
JP Morgan
JP Morgan
Buy
Upgrades
$55
Buy Upgrades $55 -5.49% Dec 18, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
18.15B
from 17.50B
Increased by 3.70%
Revenue Next Year
18.60B
from 18.15B
Increased by 2.48%
EPS This Year
5.43
from 3.87
Increased by 40.38%
EPS Next Year
6.05
from 5.43
Increased by 11.39%
Year 201920202021202220232024202520262027
Revenue
16.46B15.81B15.93B16.38B17.50B18.15B18.60B19.43B20.41B
Revenue Growth
0.43%-3.97%0.78%2.80%6.87%3.70%2.48%4.47%5.05%
EPS
4.513.834.142.903.875.436.056.976.79
EPS Growth
11.63%-15.08%8.09%-29.95%33.45%40.38%11.39%15.20%-2.63%
No. Analysts -----2121114
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 18.6B 19.5B 20.5B 20.8B
Avg 18.2B 18.6B 19.4B 20.4B
Low 17.1B 17.2B 17.9B 19.4B

Revenue Growth

Revenue Growth 2024202520262027
High
6.5%
7.3%
10.1%
7.1%
Avg
3.7%
2.5%
4.5%
5.1%
Low
-2.5%
-5.0%
-3.7%
-0.0%

EPS Forecast

EPS 2024202520262027
High 5.72 6.50 7.63 6.92
Avg 5.43 6.05 6.97 6.79
Low 4.92 5.44 6.17 6.46

EPS Growth

EPS Growth 2024202520262027
High
47.9%
19.6%
26.1%
-0.7%
Avg
40.4%
11.4%
15.2%
-2.6%
Low
27.1%
0.1%
2.0%
-7.4%
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.