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Bank of New York Mellon Corp has a consensus price target of $69.79 based on the ratings of 19 analysts. The high is $86 issued by Barclays on October 14, 2024. The low is $46 issued by Morgan Stanley on April 3, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Deutsche Bank, and RBC Capital on November 15, 2024, November 11, 2024, and October 14, 2024, respectively. With an average price target of $81.67 between Wells Fargo, Deutsche Bank, and RBC Capital, there's an implied 3.84% upside for Bank of New York Mellon Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Bank of New York Mellon (NYSE:BK) was reported by Wells Fargo on November 15, 2024. The analyst firm set a price target for $81.00 expecting BK to rise to within 12 months (a possible 2.99% upside). 31 analyst firms have reported ratings in the last year.
The latest analyst rating for Bank of New York Mellon (NYSE:BK) was provided by Wells Fargo, and Bank of New York Mellon maintained their equal-weight rating.
The last upgrade for Bank of New York Mellon Corp happened on September 23, 2024 when Deutsche Bank raised their price target to $80. Deutsche Bank previously had a hold for Bank of New York Mellon Corp.
The last downgrade for Bank of New York Mellon Corp happened on July 15, 2024 when Citigroup changed their price target from $65 to $65 for Bank of New York Mellon Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Bank of New York Mellon, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Bank of New York Mellon was filed on November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Bank of New York Mellon (BK) rating was a maintained with a price target of $79.00 to $81.00. The current price Bank of New York Mellon (BK) is trading at is $78.65, which is out of the analyst’s predicted range.
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