Bank of Montreal (BMO) Stock Forecast & Price Target

$82.33

-0.64 (-0.77%)

(As of 09/6/2024 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

Hold
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Bank of Montreal in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for BMO.

Consensus Price Target

$119.75
45.45% Upside

High Forecast	$126.00
Average Forecast	$119.75
Low Forecast	$112.00

According to the 10 analysts' twelve-month price targets for Bank of Montreal, the average price target is $119.75. The highest price target for BMO is $126.00, while the lowest price target for BMO is $112.00. The average price target represents a forecasted upside of 45.45% from the current price of $82.33.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$119.75	$127.50	$127.50	$131.00
Forecasted Upside	45.45% Upside	46.37% Upside	46.37% Upside	57.64% Upside

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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.

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.

Bank of Montreal Stock vs. The Competition

Type	Bank of Montreal	Finance Companies	S&P 500
Consensus Rating Score	2.20	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	45.45% Upside	35.27% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$132.00 ➝ $126.00	+54.26%
8/28/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$134.00 ➝ $117.00	+40.46%
8/28/2024	Scotiabank 5 of 5 stars	M. Grauman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$123.00 ➝ $112.00	+34.45%
8/27/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
8/27/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
6/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rizvanovic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$137.00 ➝ $124.00	+39.15%
5/29/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
12/20/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
1/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$151.00 ➝ C$147.50
12/19/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
12/12/2022	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:29 PM ET.

BMO Forecast - Frequently Asked Questions

What is Bank of Montreal'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 Montreal is $119.75, with a high forecast of $126.00 and a low forecast of $112.00.
Should I buy or sell Bank of Montreal stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMO, but not buy additional shares or sell existing shares.
Does Bank of Montreal's stock price have much upside?: According to analysts, Bank of Montreal's stock has a predicted upside of 41.97% 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 5 downgrades by analysts.
What analysts cover Bank of Montreal?: Bank of Montreal has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, Royal Bank of Canada, Scotiabank, TD Securities, 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 less than other "finance" companies. The consensus rating score for Bank of Montreal is 2.20 while the average consensus rating score for "finance" companies is 2.46. Learn more on how BMO compares to other companies.