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
Target Low Average Median High
Price $50 $60.75 $60 $84
Change -7.80% +12.02% +10.64% +54.90%
* 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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 444333
Buy 211100
Hold 91212131413
Sell 111111
Strong Sell 000000
Total 161818181817

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
Hold
Downgrades
$77$54
Hold Downgrades $77$54 -0.42% Feb 6, 2024
B of A Securities
B of A Securities
Hold
Downgrades
$68$60
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
Hold
Downgrades
$68$55
Hold Downgrades $68$55 +1.42% Nov 15, 2023
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
26.15B42.52B46.39B46.16B45.01B46.46B46.90B44.81B45.13B42.01B
Revenue Growth
15.89%62.62%9.09%-0.49%-2.50%3.24%0.94%-4.46%0.72%-6.90%
EPS
2.01-3.993.122.953.866.907.186.607.417.10
EPS Growth
-33.22%---5.45%30.85%78.64%4.18%-8.13%12.24%-4.12%
No. Analysts -----2725201612
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.