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Bank of Montreal (BMO) Stock Forecast & Price Target

$86.28
-1.18 (-1.35%)
(As of 07/24/2024 ET)

Bank of Montreal - 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

Based on 7 Wall Street analysts who have issued ratings for Bank of Montreal in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for BMO.

Consensus Price Target

$127.50
47.77% Upside
High Forecast$131.00
Average Forecast$127.50
Low Forecast$124.00

According to the 7 analysts' twelve-month price targets for Bank of Montreal, the average price target is $127.50. The highest price target for BMO is $131.00, while the lowest price target for BMO is $124.00. The average price target represents a forecasted upside of 47.77% from the current price of $86.28.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$127.50$127.50$131.00N/A
Forecasted Upside47.77% Upside46.37% Upside57.64% UpsideN/A
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BMO 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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BMO 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 Montreal Stock vs. The Competition

TypeBank of MontrealFinance CompaniesS&P 500
Consensus Rating Score
2.57
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside46.60% Upside36.06% Upside9.49% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
3 of 5 stars
J. Shea
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Initiated CoverageNeutral
6/3/2024Keefe, Bruyette & Woods
4 of 5 stars
M. Rizvanovic
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DowngradeOutperform ➝ Market Perform$137.00 ➝ $124.00+39.15%
5/29/2024Desjardins
1 of 5 stars
D. Young
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DowngradeBuy ➝ Hold
3/20/2024Barclays
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 Initiated CoverageOverweight
2/22/2024Jefferies Financial Group
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 Initiated CoverageBuy
12/20/2023National Bank Financial
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 UpgradeSector Perform ➝ Outperform
12/18/2023Bank of America
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 UpgradeNeutral ➝ Buy
1/19/2023BMO Capital Markets
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 Lower TargetC$151.00 ➝ C$147.50
12/19/2022Credit Suisse Group
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 Initiated CoverageOutperform
12/12/2022Bank Of America (Bofa)
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 DowngradeBuy ➝ Neutral
8/31/2022Royal Bank of Canada
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 Lower TargetC$158.00 ➝ C$151.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:08 PM ET.

BMO Forecast - Frequently Asked Questions

What is Bank of Montreal's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Montreal is $127.50, with a high forecast of $131.00 and a low forecast of $124.00.

Should I buy or sell Bank of Montreal stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BMO shares.

Does Bank of Montreal's stock price have much upside?

According to analysts, Bank of Montreal's stock has a predicted upside of 46.37% based on their 12-month stock forecasts.

Has Bank of Montreal been downgraded by Wall Street analysts recently?

Over the previous 90 days, Bank of Montreal's stock had 2 downgrades by analysts.

What analysts cover Bank of Montreal?

Bank of Montreal has been rated by research analysts at Desjardins, Keefe, Bruyette & Woods, and UBS Group in the past 90 days.

Do Wall Street analysts like Bank of Montreal more than its competitors?

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


This page (NYSE:BMO) was last updated on 7/24/2024 by MarketBeat.com Staff

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