Bristol-Myers Squibb Company (BMY)
NYSE: BMY · IEX Real-Time Price · USD
54.23
+0.98 (1.84%)
At close: Mar 28, 2024, 4:00 PM
53.93
-0.30 (-0.55%)
After-hours: Mar 28, 2024, 4:29 PM EDT
BMY Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for BMY stock have an average target of 60.75, with a low estimate of 50 and a high estimate of 84. The average target predicts an increase of 12.02% from the current stock price of 54.23.
Analyst Consensus: Hold
* Price targets were last updated on Feb 6, 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 4 | 4 | 4 | 3 | 3 | 3 |
Buy | 2 | 1 | 1 | 1 | 0 | 0 |
Hold | 9 | 12 | 12 | 13 | 14 | 13 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 16 | 18 | 18 | 18 | 18 | 17 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Wells Fargo | Wells Fargo | Hold Maintains $58 → $51 | Hold | Maintains | $58 → $51 | -5.96% | Feb 6, 2024 |
Redburn Atlantic | Redburn Atlantic | Strong Buy → Hold Downgrades $77 → $54 | Strong Buy → Hold | Downgrades | $77 → $54 | -0.42% | Feb 6, 2024 |
B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $68 → $60 | Strong Buy → Hold | Downgrades | $68 → $60 | +10.64% | Jan 3, 2024 |
B of A Securities | B of A Securities | Strong Buy Maintains $72 → $68 | Strong Buy | Maintains | $72 → $68 | +25.39% | Dec 27, 2023 |
Cantor Fitzgerald | Cantor Fitzgerald | Buy → Hold Downgrades $68 → $55 | Buy → Hold | Downgrades | $68 → $55 | +1.42% | Nov 15, 2023 |
Financial Forecast
Revenue This Year
46.46B
from 45.01B
Increased by 3.24%
Revenue Next Year
46.90B
from 46.46B
Increased by 0.94%
EPS This Year
6.90
from 3.86
Increased by 78.64%
EPS Next Year
7.18
from 6.90
Increased by 4.18%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 49.3B | 50.7B | 51.0B | 48.7B | 51.7B |
Avg | 46.5B | 46.9B | 44.8B | 45.1B | 42.0B |
Low | 44.3B | 43.7B | 38.8B | 40.4B | 36.4B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 9.6% | 9.2% | 8.8% | 8.8% | 14.5% |
Avg | 3.2% | 0.9% | -4.5% | 0.7% | -6.9% |
Low | -1.5% | -5.9% | -17.3% | -9.9% | -19.3% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.53 | 8.32 | 8.41 | 8.61 | 9.24 |
Avg | 6.90 | 7.18 | 6.60 | 7.41 | 7.10 |
Low | 6.14 | 5.61 | 5.40 | 5.97 | 5.86 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 95.0% | 20.6% | 17.1% | 30.5% | 24.7% |
Avg | 78.6% | 4.2% | -8.1% | 12.2% | -4.1% |
Low | 59.2% | -18.6% | -24.8% | -9.5% | -20.9% |
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.