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Bank of New York Mellon (BK) Stock Forecast & Price Target

$64.70
+3.23 (+5.25%)
(As of 07/12/2024 ET)

Bank of New York Mellon - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$61.15
-5.49% Downside
High Forecast$70.00
Average Forecast$61.15
Low Forecast$44.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$61.15$60.17$56.72$52.64
Forecasted Upside-5.49% Downside12.17% Upside10.00% Upside17.17% Upside
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BK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Bank of New York Mellon Stock vs. The Competition

TypeBank of New York MellonFinance CompaniesS&P 500
Consensus Rating Score
2.60
2.44
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-5.49% Downside55.57% Upside9.38% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/3/2024Evercore ISI
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 Reiterated RatingIn-Line ➝ In-Line$61.00 ➝ $61.00+0.86%
6/27/2024Keefe, Bruyette & Woods
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 UpgradeMarket Perform ➝ Outperform$60.00 ➝ $70.00+19.33%
4/18/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$62.00 ➝ $63.00+10.82%
4/18/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$67.00 ➝ $68.00+22.97%
4/17/2024Bank of America
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 Boost TargetBuy ➝ Buy$64.00 ➝ $66.00+20.88%
3/27/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$58.00+2.17%
2/14/2024Citigroup
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 Boost TargetBuy ➝ Buy$60.00 ➝ $65.00+19.53%
1/9/2024UBS Group
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 Boost TargetBuy ➝ Buy$54.00 ➝ $62.00+17.14%
12/18/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$54.50+5.56%
10/11/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$45.00 ➝ $44.00+4.02%
4/19/2023Wells Fargo & Company
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 Lower TargetEqual Weight$52.00 ➝ $51.00+12.73%
4/12/2023Barclays
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 Lower Target$64.00 ➝ $62.00+35.55%
1/4/2023The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$59.00+27.43%
1/4/2023Wolfe Research
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 UpgradePeer Perform ➝ Outperform$60.00+29.59%
7/19/2022Credit Suisse Group
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 Lower TargetOutperform$52.00 ➝ $50.00+15.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:01 AM ET.

BK Forecast - Frequently Asked Questions

What is Bank of New York Mellon's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of New York Mellon is $61.15, with a high forecast of $70.00 and a low forecast of $44.00.

Should I buy or sell Bank of New York Mellon stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BK shares.

Does Bank of New York Mellon's stock price have much upside?

According to analysts, Bank of New York Mellon's stock has a predicted upside of 12.43% based on their 12-month stock forecasts.

Has Bank of New York Mellon been upgraded by Wall Street analysts recently?

Over the previous 90 days, Bank of New York Mellon's stock had 1 upgrade by analysts.

What analysts cover Bank of New York Mellon?

Bank of New York Mellon has been rated by research analysts at Bank of America, Evercore ISI, Jefferies Financial Group, Keefe, Bruyette & Woods, and Morgan Stanley in the past 90 days.

Do Wall Street analysts like Bank of New York Mellon more than its competitors?

Analysts like Bank of New York Mellon more than other "finance" companies. The consensus rating for Bank of New York Mellon is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BK compares to other companies.


This page (NYSE:BK) was last updated on 7/13/2024 by MarketBeat.com Staff

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