Truist has revised its price target for State Street (STT, Financial), reducing it from $89 to $85 while maintaining a Hold rating on the stock. This decision comes in response to the company's latest first-quarter earnings and subsequent management comments.
Additionally, the investment firm has made a slight adjustment to its earnings forecast for State Street, lowering the fiscal year 2025 earnings per share (EPS) estimate by 5 cents to $9.40. The changes reflect Truist's updated financial model following the insights gained from State Street's performance and outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for State Street Corp (STT, Financial) is $103.54 with a high estimate of $120.00 and a low estimate of $84.00. The average target implies an upside of 27.42% from the current price of $81.26. More detailed estimate data can be found on the State Street Corp (STT) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, State Street Corp's (STT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for State Street Corp (STT, Financial) in one year is $97.86, suggesting a upside of 20.43% from the current price of $81.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the State Street Corp (STT) Summary page.
