Bank of Montreal Surpasses Analyst Target Price in Trading

In recent trading sessions, Bank of Montreal (BMO) has outperformed the average analyst target price, prompting considerations for investors regarding future potential. With 13 analyst targets contributing to this average, investor sentiment may shift depending on individual assessments and company performance.

Date: 11-10-2024

AI Rating: 7

Bank of Montreal (BMO) has recently surpassed the average analyst target price of $89.95, trading at $91.20 per share. This movement may prompt analysts to either downgrade the stock based on valuation or raise their price targets. Investors are now prompted to reassess whether the current price is merely a milestone or indicative of further growth potential.

Analyzing the various target prices, some analysts predict as low as $78.44 per share, while others anticipate a much higher target of $107.56. The average target represents a consensus based on contributions from multiple analysts, highlighting the variance in expectations.

The report indicates four strong buy ratings, one buy rating, and eight hold ratings while no sell or strong sell ratings have been recorded. The average rating of 2.31 suggests a generally positive outlook among analysts, aligning more closely to buy sentiment than sell.

Stocks: BMO