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State Street (STT) Stock Forecast & Price Target

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$95.30 +0.59 (+0.62%)
(As of 11/20/2024 ET)
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State Street - 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 13 Analyst Ratings
Sell
2
Hold
6
Buy
5

Based on 13 Wall Street analysts who have issued ratings for State Street in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 2 have given a sell rating, 6 have given a hold rating, and 5 have given a buy rating for STT.

Consensus Price Target

$92.11
-3.35% Downside
According to the 13 analysts' twelve-month price targets for State Street, the average price target is $92.11. The highest price target for STT is $108.00, while the lowest price target for STT is $73.00. The average price target represents a forecasted downside of -3.35% from the current price of $95.30.
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STT Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
9 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$92.11$91.39$88.89$75.50
Forecasted Upside-3.35% Downside1.71% Upside5.77% Upside8.04% Upside
Consensus Rating
Hold
Hold
Hold
Hold

STT 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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STT 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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State Street Stock vs. The Competition

TypeState StreetFinance CompaniesS&P 500
Consensus Rating Score
2.23
2.49
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-3.35% Downside12.90% Upside9.81% Upside
News Sentiment Rating
Positive News

See Recent STT News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024Wells Fargo & Company
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$106.00 ➝ $108.00+14.67%
11/11/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars		 Boost TargetHold ➝ Hold$90.00 ➝ $95.00-1.50%
10/16/2024Barclays
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$103.00 ➝ $108.00+16.44%
10/16/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$89.00 ➝ $94.00+1.60%
10/16/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $102.00+11.09%
9/26/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$98.00 ➝ $100.00+12.99%
7/22/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$85.00 ➝ $90.00+7.00%
7/17/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector Perform ➝ Sector Perform$85.00 ➝ $91.00+8.37%
7/17/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$85.00 ➝ $96.00+13.18%
7/8/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		S. Chubak
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingPeer Perform ➝ Underperform$73.00-0.98%
6/27/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform ➝ Market Perform$88.00 ➝ $84.00+15.34%
4/15/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$84.00 ➝ $86.00+12.20%
4/12/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$79.50 ➝ $80.50+8.40%
4/12/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$80.00 ➝ $82.00+8.51%
1/23/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$76.00 ➝ $84.00-0.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:00 AM ET.


Should I Buy State Street Stock? STT 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, November 7, 2024. Please send any questions or comments about these State Street pros and cons to contact@marketbeat.com.

State Street
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in State Street Co.:

  • State Street Co. has consistently increased its dividend payout, with the latest quarterly dividend being $0.76, representing a dividend yield of 3.38%. This indicates a commitment to rewarding shareholders.
  • State Street Co. reported earnings per share of $2.15 for the last quarter, surpassing analysts' estimates by $0.12. This positive earnings surprise can attract investor interest.
  • State Street Co. has a market capitalization of $26.83 billion, indicating its size and stability in the financial market.
  • The company's stock price has been trading at a 52-week high of $90.80, showing potential for capital appreciation.
  • State Street Co. has a return on equity of 11.78%, reflecting the company's efficiency in generating profits from shareholders' equity.

State Street
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in State Street Co. for these reasons:

  • State Street Co. has received an "underperform" rating from Wolfe Research, indicating potential concerns about the company's performance.
  • Analysts have given mixed ratings to State Street Co., with two sell ratings and six hold ratings, suggesting uncertainty in the market sentiment towards the stock.
  • State Street Co.'s debt-to-equity ratio of 0.89 may raise concerns about the company's leverage and financial risk.
  • The company's stock price has a price-to-earnings ratio of 16.89, which may indicate that the stock is relatively expensive compared to its earnings.
  • State Street Co. has a beta of 1.48, implying higher volatility compared to the market average, which could lead to fluctuations in the stock price.

STT Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for State Street is $92.11, with a high forecast of $108.00 and a low forecast of $73.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for State Street in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STT, but not buy additional shares or sell existing shares.

According to analysts, State Street's stock has a predicted downside of -3.35% based on their 12-month stock forecasts.

State Street has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Evercore ISI, Morgan Stanley, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

Analysts like State Street less than other "finance" companies. The consensus rating score for State Street is 2.23 while the average consensus rating score for "finance" companies is 2.49. Learn more on how STT compares to other companies.

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This page (NYSE:STT) was last updated on 11/21/2024 by MarketBeat.com Staff
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