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Bank of New York Mellon Corp has a consensus price target of $72.37 based on the ratings of 19 analysts. The high is $96 issued by Keefe, Bruyette & Woods on December 3, 2024. The low is $46 issued by Morgan Stanley on April 3, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Keefe, Bruyette & Woods, and Citigroup on December 9, 2024, December 3, 2024, and November 25, 2024, respectively. With an average price target of $90.67 between Morgan Stanley, Keefe, Bruyette & Woods, and Citigroup, there's an implied 16.90% 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 Morgan Stanley on December 9, 2024. The analyst firm set a price target for $94.00 expecting BK to rise to within 12 months (a possible 21.20% upside). 32 analyst firms have reported ratings in the last year.
The latest analyst rating for Bank of New York Mellon (NYSE:BK) was provided by Morgan Stanley, and Bank of New York Mellon upgraded their overweight rating.
The last upgrade for Bank of New York Mellon Corp happened on December 9, 2024 when Morgan Stanley raised their price target to $94. Morgan Stanley previously had an equal-weight 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 December 9, 2024 so you should expect the next rating to be made available sometime around December 9, 2025.
While ratings are subjective and will change, the latest Bank of New York Mellon (BK) rating was a upgraded with a price target of $82.00 to $94.00. The current price Bank of New York Mellon (BK) is trading at is $77.56, which is out of the analyst’s predicted range.
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