Bristol-Myers Squibb (BMY) Stock Forecast & Price Target

$54.74 -0.54 (-0.98%)

(As of 11/7/2024 ET)

Bristol-Myers Squibb - 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

Reduce

Based on 14 Analyst Ratings

Sell
1

Hold
13

Buy
0

Based on 14 Wall Street analysts who have issued ratings for Bristol-Myers Squibb in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 14 analysts, 1 has given a sell rating, and 13 have given a hold rating for BMY.

Consensus Price Target

$53.00
-3.18% Downside

According to the 14 analysts' twelve-month price targets for Bristol-Myers Squibb, the average price target is $53.00. The highest price target for BMY is $60.00, while the lowest price target for BMY is $43.00. The average price target represents a forecasted downside of -3.18% from the current price of $54.74.

Get the Latest News and Ratings for BMY and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Bristol-Myers Squibb and its competitors.

BMY Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	5 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	13 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$53.00	$53.43	$55.79	$65.38
Forecasted Upside	-3.18% Downside	1.81% Upside	19.38% Upside	24.71% Upside
Consensus Rating	Reduce	Reduce	Hold	Hold

“This Changes Everything” - Trump Hands Millions Massive IRS Gift (Ad)

Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…

>> YES! Send Me My FREE Gold Guide!

BMY 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.

BMY 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.

Bristol-Myers Squibb Stock vs. The Competition

Type	Bristol-Myers Squibb	Medical Companies	S&P 500
Consensus Rating Score	1.93	2.79	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	-3.16% Downside	9,971.92% Upside	7.19% Upside
News Sentiment Rating	Positive News See Recent BMY News	Neutral 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
11/1/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$53.00 ➝ $57.00	+3.22%
10/25/2024	Citigroup 3 of 5 stars	P. Verdult Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$75.00 ➝ $55.00	+3.93%
10/18/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$50.00 ➝ $50.00	-5.98%
10/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$56.00	+4.93%
10/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$50.00 ➝ $54.00	+2.27%
10/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Gould Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$42.00 ➝ $43.00	-20.25%
Get the Latest News and Ratings for BMY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bristol-Myers Squibb and its competitors with MarketBeat's FREE daily newsletter.
10/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$53.00 ➝ $59.00	+9.32%
8/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$49.00 ➝ $51.00	+3.91%
7/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$53.00 ➝ $45.00	+5.36%
4/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$51.00 ➝ $52.00	+8.11%
4/1/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Phipps Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
3/11/2024	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/6/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$77.00 ➝ $54.00	+12.50%
1/3/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$68.00 ➝ $60.00	+13.67%
11/2/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$68.00 ➝ $54.00	+5.30%
10/30/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$81.00 ➝ $69.00	+35.48%
10/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$56.00 ➝ $50.00	-5.63%
10/27/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$55.00 ➝ $53.00	+0.03%
10/6/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$84.00	+47.91%
7/28/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$90.00 ➝ $85.00	+39.89%
7/12/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$72.00 ➝ $66.00	+5.13%
7/10/2023	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Risinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
7/10/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$66.00	+5.35%
4/28/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:27 PM ET.

Should I Buy Bristol-Myers Squibb Stock? BMY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these Bristol-Myers Squibb pros and cons to contact@marketbeat.com.

Bristol-Myers Squibb
Bull Case

Here are some ways that investors could benefit from investing in Bristol-Myers Squibb:

Bristol-Myers Squibb's stock price has been showing positive momentum, currently trading at $50.01, which indicates potential growth.
The company offers a diverse portfolio of biopharmaceutical products targeting various diseases, providing revenue stability.
Ongoing research and development efforts by Bristol-Myers Squibb may lead to the introduction of innovative treatments, potentially boosting stock value.
Bristol-Myers Squibb's strong market presence and global reach offer a competitive advantage in the pharmaceutical industry.
The company's consistent performance and strategic acquisitions demonstrate a commitment to long-term growth and shareholder value.

Bristol-Myers Squibb
Bear Case

Investors should be bearish about investing in Bristol-Myers Squibb for these reasons:

The pharmaceutical industry is subject to regulatory challenges and pricing pressures, impacting Bristol-Myers Squibb's profitability.
Market volatility and economic uncertainties can affect the company's stock price, leading to potential investment risks.
Competition from other pharmaceutical companies may limit Bristol-Myers Squibb's market share and revenue growth.
Dependency on a few key products for a significant portion of revenue exposes Bristol-Myers Squibb to risks associated with product lifecycle and patent expirations.
Fluctuations in research and development outcomes could impact the company's pipeline and future growth prospects.

BMY Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Bristol-Myers Squibb is $53.00, with a high forecast of $60.00 and a low forecast of $43.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bristol-Myers Squibb in the last year. There is currently 1 sell rating and 13 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BMY shares.
: According to analysts, Bristol-Myers Squibb's stock has a predicted downside of -3.18% based on their 12-month stock forecasts.
: Over the previous 90 days, Bristol-Myers Squibb's stock had 1 downgrade by analysts.
: Bristol-Myers Squibb has been rated by research analysts at Barclays, BMO Capital Markets, Cantor Fitzgerald, Citigroup, Jefferies Financial Group, Sanford C. Bernstein, TD Cowen, and UBS Group in the past 90 days.
: Analysts like Bristol-Myers Squibb less than other "medical" companies. The consensus rating for Bristol-Myers Squibb is Reduce while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how BMY compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

The centerpiece of Trump’s crypto’s masterplan … (Ad)

Donald Trump wants to be America’s first crypto president. He was the keynote speaker at the recent Bitcoin conference in Nashville … Where he told an adoring crowd that the U.S. would become … “The crypto capital of the planet and the Bitcoin superpower of the world.”

Click here to find out more about what could be Trump and JD Vance’s favorite coin.

This page (NYSE:BMY) was last updated on 11/7/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Bristol-Myers Squibb (BMY) Stock Forecast & Price Target