Bristol-Myers Squibb Company (BMY)
NYSE: BMY · IEX Real-Time Price · USD
40.45
-0.85 (-2.06%)
At close: Jul 2, 2024, 4:00 PM
40.38
-0.07 (-0.17%)
After-hours: Jul 2, 2024, 7:59 PM EDT
BMY Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for BMY stock have an average target of 59.56, with a low estimate of 43 and a high estimate of 84. The average target predicts an increase of 47.24% from the current stock price of 40.45.
Analyst Consensus: Hold
* Price targets were last updated on Apr 26, 2024.
Analyst Ratings
The average analyst rating for BMY stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 13 | 14 | 14 | 13 | 13 | 13 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $55 → $48 | Hold | Maintains | $55 → $48 | +18.67% | Apr 26, 2024 |
| Barclays | Barclays | Hold Maintains $51 → $43 | Hold | Maintains | $51 → $43 | +6.30% | Apr 26, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $51 → $52 | Hold | Maintains | $51 → $52 | +28.55% | Apr 18, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $58 → $51 | Hold | Maintains | $58 → $51 | +26.08% | Feb 6, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Buy → Hold Downgrades $77 → $54 | Strong Buy → Hold | Downgrades | $77 → $54 | +33.50% | Feb 6, 2024 |
Financial Forecast
Revenue This Year
46.54B
from 45.01B
Increased by 3.42%
Revenue Next Year
46.51B
from 46.54B
Decreased by -0.08%
EPS This Year
0.57
from 3.86
Decreased by -85.18%
EPS Next Year
7.00
from 0.57
Increased by 1,123.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 49.2B | 50.2B | 49.7B | 48.9B | 47.4B |
| Avg | 46.5B | 46.5B | 44.2B | 44.9B | 41.8B |
| Low | 44.4B | 41.8B | 39.7B | 39.7B | 35.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4% | 7.8% | 6.9% | 10.8% | 5.6% |
| Avg | 3.4% | -0.1% | -5.0% | 1.6% | -6.9% |
| Low | -1.4% | -10.1% | -14.6% | -10.2% | -21.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.70 | 8.07 | 8.04 | 8.05 | 7.46 |
| Avg | 0.57 | 7.00 | 6.39 | 6.61 | 6.30 |
| Low | 0.35 | 6.14 | 4.98 | 5.63 | 4.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -81.8% | 1,311.8% | 15.0% | 26.1% | 12.8% |
| Avg | -85.2% | 1,123.4% | -8.7% | 3.5% | -4.8% |
| Low | -90.9% | 974.4% | -28.8% | -11.9% | -33.7% |
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.