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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
Buy | 2 | 2 | 3 | 1 | 1 | 1 |
Hold | 4 | 4 | 4 | 5 | 5 | 5 |
Sell | 2 | 2 | 2 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 11 | 11 | 12 | 9 | 9 | 9 |
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 | Sell → Hold Upgrades $52 → $62 | Sell → 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 | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | -5.49% | Dec 18, 2023 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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.