Bristol Myers Stock Target Price and Analyst Consensus
| BMY Stock | USD 58.76 1.84 3.04% |
The current analyst and expert consensus on Bristol Myers is Buy with 17 hold recommendations. The current projected Bristol Myers target price consensus is 61.01 with 26 analyst opinions. One of the most common ways Bristol Myers Squibb analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Bristol Myers vendors, executives, and/or customers. Bristol Myers recommendation module provides expert sentiment on the projected Bristol Myers Squibb target price to derive its highest and lowest estimates based on target price standard deviation of 1.9583.
Lowest Forecast 55.52 | Highest Forecast 67.72 | Target Price 61.01 |
Bristol |
It's important to approach Bristol Myers' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Bristol Myers Target Price Consensus
Bristol target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Bristol Myers' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 26 | Buy |
Most Bristol analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Bristol stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Bristol Myers Squibb, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationBristol Myers Target Price Projection
Bristol Myers' current and average target prices are 58.76 and 61.01, respectively. The current price of Bristol Myers is the price at which Bristol Myers Squibb is currently trading. On the other hand, Bristol Myers' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Bristol Myers Market Quote on 30th of January 2025
Target Price
Analyst Consensus On Bristol Myers Target Price
Bristol Myers Analyst Ratings
Bristol Myers' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Bristol Myers stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Bristol Myers' financials, market performance, and future outlook by experienced professionals. Bristol Myers' historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Bristol Myers price targets
Bristol Myers' stock target price is an estimate of its future price, usually made by analysts. Using Bristol Myers' target price to determine if it is a suitable investment can be done through the following steps:- Look at Bristol Myers' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Bristol Myers' stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Bristol Myers Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Bristol Myers is a key component of Bristol Myers valuation and have some predictive power on the future returns of a Bristol Myers.Trending Themes
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Additional Tools for Bristol Stock Analysis
When running Bristol Myers' price analysis, check to measure Bristol Myers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bristol Myers is operating at the current time. Most of Bristol Myers' value examination focuses on studying past and present price action to predict the probability of Bristol Myers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bristol Myers' price. Additionally, you may evaluate how the addition of Bristol Myers to your portfolios can decrease your overall portfolio volatility.