Shares of Bank of New York Mellon Corp (BK) reached $121.04 on [insert date], surpassing the average 12-month analyst target price of $120.38. This upward movement prompts investors to evaluate whether the stock’s growth trajectory will continue or if it’s time to consider selling.
Analyst estimates vary significantly for BK, with targets ranging from $105.00 to $133.00, and a standard deviation of $7.688. Currently, among 17 analysts, there are 9 strong buy ratings, 2 buy ratings, and 8 hold ratings, with no sell or strong sell ratings recorded.
The average analyst rating for BK stands at 1.92, where 1 indicates a strong buy and 5 a strong sell, reflecting a generally positive outlook among analysts.
