Bristol-Myers Squibb Company (BMY) Stock Forecast, Price Target & Predictions
BMY Stock Forecast
Bristol-Myers Squibb Company stock forecast is as follows: an average price target of $65.50 (represents a 12.48% upside from BMY’s last price of $58.23) and a rating consensus of 'Hold', based on 20 wall street analysts offering a 1-year stock forecast.
BMY Price Target
The average price target for Bristol-Myers Squibb Company (BMY) is $65.50 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $41.00. This represents a potential 12.48% upside from BMY's last price of $58.23.
BMY Analyst Ratings
According to 20 Wall Street analysts, Bristol-Myers Squibb Company's rating consensus is 'Hold'. The analyst rating breakdown for BMY stock is 0 'Strong Buy' (0.00%), 7 'Buy' (35.00%), 12 'Hold' (60.00%), 1 'Sell' (5.00%), and 0 'Strong Sell' (0.00%).
Bristol-Myers Squibb Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 12, 2024 | Evan Seigerman | BMO Capital | - | - | 8.49% | 4.76% |
| Nov 01, 2024 | Evan David Seigerman | BMO Capital | - | - | 4.93% | -2.11% |
| Sep 23, 2024 | Evan David Seigerman | BMO Capital | - | - | -3.15% | -17.57% |
| Jul 29, 2024 | Chris Shibutani | Goldman Sachs | - | - | 12.77% | -2.11% |
| Jul 29, 2024 | Carter Gould | Barclays | - | - | -18.73% | -29.59% |
| Jul 12, 2024 | Trung Huynh | UBS | - | - | 5.70% | -26.15% |
| May 16, 2024 | Steve Scala | Cowen & Co. | - | - | 51.89% | 15.06% |
| Jan 30, 2024 | James Shin | Deutsche Bank | - | - | 10.29% | -5.55% |
| Nov 27, 2023 | Evan Seigerman | BMO Capital | - | - | 20.58% | 3.04% |
| Oct 12, 2023 | David Risinger | Leerink Partners | - | - | 17.34% | 13.34% |
The latest Bristol-Myers Squibb Company stock forecast, released on Nov 12, 2024 by Evan Seigerman from BMO Capital, set a price target of $61.00, which represents a 8.49% increase from the stock price at the time of the forecast ($56.23), and a 4.76% increase from BMY last price ($58.23).
Bristol-Myers Squibb Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 9 |
| Avg Price Target | $59.00 | $55.33 | $54.33 |
| Last Closing Price | $58.23 | $58.23 | $58.23 |
| Upside/Downside | 1.32% | -4.98% | -6.70% |
In the current month, the average price target of Bristol-Myers Squibb Company stock is $59.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 1.32% increase as opposed to Bristol-Myers Squibb Company's last price of $58.23. This month's average price target is up 6.63% compared to last quarter, and up 8.60% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 13, 2024 | Daiwa | Outperform | Upgrade | |
| Nov 04, 2024 | Leerink Partners | Market Perform | Market Perform | Hold |
| Oct 17, 2024 | Bernstein | Market Perform | Initialise | |
| Oct 09, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 07, 2024 | Jefferies | Market Perform | Market Perform | Hold |
| Oct 07, 2024 | Deutsche Bank | Underperform | Underperform | Hold |
| Oct 07, 2024 | Barclays | Underweight | Underweight | Hold |
| Sep 23, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 28, 2024 | Jefferies | Hold | Hold | Hold |
Bristol-Myers Squibb Company's last stock rating was published by Daiwa on Nov 13, 2024. The company Upgrade its BMY rating from "null" to "Outperform".
Bristol-Myers Squibb Company Financial Forecast
Bristol-Myers Squibb Company Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.97B | $11.23B | $11.34B | $11.41B | $11.22B | $11.89B | $11.65B | $11.98B | $11.62B | $11.70B | $11.07B | $11.07B | $10.54B | $10.13B | $10.78B | $7.95B | $6.01B |
| Avg Forecast | $11.34B | $11.29B | $11.43B | $11.06B | $11.78B | $11.62B | $11.91B | $11.71B | $11.53B | $11.26B | $11.54B | $11.48B | $11.19B | $10.96B | $11.77B | $11.50B | $11.19B | $11.14B | $11.42B | $11.36B | $12.04B | $11.61B | $11.27B | $11.13B | $10.73B | $10.32B | $9.99B | $10.03B | $7.12B | $5.90B |
| High Forecast | $11.51B | $11.46B | $11.60B | $11.22B | $11.95B | $11.79B | $12.09B | $11.88B | $11.79B | $11.27B | $11.54B | $11.50B | $11.53B | $11.16B | $11.94B | $11.66B | $11.35B | $11.14B | $11.42B | $11.36B | $12.04B | $11.61B | $11.27B | $11.13B | $10.73B | $10.32B | $9.99B | $10.03B | $7.12B | $5.90B |
| Low Forecast | $11.18B | $11.13B | $11.26B | $10.90B | $11.61B | $11.45B | $11.74B | $11.70B | $11.40B | $11.26B | $11.54B | $11.47B | $10.78B | $10.82B | $11.59B | $11.33B | $11.02B | $11.14B | $11.42B | $11.36B | $12.04B | $11.61B | $11.27B | $11.13B | $10.73B | $10.32B | $9.99B | $10.03B | $7.12B | $5.90B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 14 | 9 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 5 | 9 | 6 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.95% | 0.99% | 1.02% | 1.01% | 1.04% | 1.03% | 1.00% | 1.00% | 1.04% | 0.99% | 1.03% | 1.02% | 1.01% | 1.08% | 1.12% | 1.02% |
Bristol-Myers Squibb Company's average Quarter revenue forecast for Dec 23 based on 9 analysts is $11.19B, with a low forecast of $10.78B, and a high forecast of $11.53B. BMY's average Quarter revenue forecast represents a 2.06% increase compared to the company's last Quarter revenue of $10.97B (Sep 23).
Bristol-Myers Squibb Company EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 14 | 9 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 5 | 9 | 6 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.21B | $4.16B | $5.10B | $4.71B | $5.30B | $5.39B | $5.08B | $4.76B | $5.21B | $4.59B | $5.54B | $-7.41B | $5.25B | $4.54B | $2.53B | $1.39B | $1.72B |
| Avg Forecast | $3.83B | $3.81B | $3.85B | $3.73B | $3.97B | $3.92B | $4.02B | $3.95B | $3.89B | $3.80B | $3.89B | $5.03B | $3.77B | $3.69B | $3.97B | $4.57B | $4.82B | $4.22B | $4.32B | $4.15B | $4.56B | $4.40B | $4.27B | $5.79B | $4.06B | $3.91B | $3.78B | $2.14B | $2.70B | $2.23B |
| High Forecast | $3.88B | $3.86B | $3.91B | $3.78B | $4.03B | $3.98B | $4.08B | $4.01B | $3.98B | $3.80B | $3.89B | $6.03B | $3.89B | $3.76B | $4.03B | $5.48B | $5.79B | $4.22B | $4.32B | $4.99B | $4.56B | $4.40B | $4.27B | $6.94B | $4.06B | $3.91B | $3.78B | $2.56B | $2.70B | $2.23B |
| Low Forecast | $3.77B | $3.75B | $3.80B | $3.68B | $3.91B | $3.86B | $3.96B | $3.95B | $3.85B | $3.80B | $3.89B | $4.02B | $3.64B | $3.65B | $3.91B | $3.66B | $3.86B | $4.22B | $4.32B | $3.32B | $4.56B | $4.40B | $4.27B | $4.63B | $4.06B | $3.91B | $3.78B | $1.71B | $2.70B | $2.23B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.05% | 1.12% | 0.98% | 1.26% | 1.25% | 1.22% | 1.04% | 1.18% | 1.08% | 0.96% | -1.82% | 1.34% | 1.20% | 1.18% | 0.52% | 0.77% |
9 analysts predict BMY's average Quarter EBITDA for Dec 23 to be $3.77B, with a high of $3.89B and a low of $3.64B. This is -10.44% lower than Bristol-Myers Squibb Company's previous annual EBITDA (Sep 23) of $4.21B.
Bristol-Myers Squibb Company Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 14 | 9 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 5 | 9 | 6 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.93B | $2.07B | $2.26B | $2.02B | $1.61B | $1.42B | $1.28B | $2.37B | $1.55B | $1.05B | $2.02B | $-10.03B | $1.87B | $-85.00M | $-775.00M | $-1.06B | $1.35B |
| Avg Forecast | $3.52B | $4.08B | $3.76B | $3.26B | $3.48B | $3.75B | $3.87B | $3.75B | $2.99B | $3.03B | $3.29B | $1.51B | $3.16B | $3.58B | $3.98B | $1.37B | $2.59B | $3.71B | $3.59B | $1.24B | $3.64B | $3.89B | $3.83B | $2.11B | $2.87B | $3.02B | $3.01B | $-655.37M | $1.79B | $2.18B |
| High Forecast | $3.58B | $4.15B | $3.83B | $3.32B | $3.55B | $3.82B | $3.94B | $3.95B | $3.25B | $3.13B | $3.29B | $1.81B | $3.55B | $3.79B | $4.06B | $1.64B | $3.10B | $3.71B | $3.59B | $1.49B | $3.74B | $3.89B | $3.83B | $2.53B | $2.87B | $3.02B | $3.01B | $-524.30M | $1.79B | $2.18B |
| Low Forecast | $3.45B | $4.00B | $3.69B | $3.20B | $3.42B | $3.67B | $3.79B | $3.55B | $2.85B | $2.94B | $3.29B | $1.20B | $2.86B | $3.40B | $3.91B | $1.10B | $2.07B | $3.71B | $3.59B | $995.64M | $3.55B | $3.89B | $3.83B | $1.69B | $2.87B | $3.02B | $3.01B | $-786.44M | $1.79B | $2.18B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.54% | 0.52% | 1.65% | 0.78% | 0.43% | 0.40% | 1.03% | 0.65% | 0.40% | 0.28% | 0.96% | -3.49% | 0.62% | -0.03% | 1.18% | -0.59% | 0.62% |
Bristol-Myers Squibb Company's average Quarter net income forecast for Dec 23 is $3.16B, with a range of $2.86B to $3.55B. BMY's average Quarter net income forecast represents a 63.67% increase compared to the company's last Quarter net income of $1.93B (Sep 23).
Bristol-Myers Squibb Company SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 14 | 9 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 5 | 9 | 6 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.00B | $1.93B | $1.76B | $2.27B | $1.93B | $1.79B | $1.83B | $2.35B | $1.79B | $1.88B | $1.67B | $2.72B | $1.71B | $1.63B | $1.61B | $1.73B | $1.05B |
| Avg Forecast | $1.98B | $1.97B | $2.00B | $1.93B | $2.06B | $2.03B | $2.08B | $2.05B | $2.02B | $1.97B | $2.02B | $2.16B | $1.96B | $1.92B | $2.06B | $1.96B | $2.55B | $1.95B | $2.00B | $1.78B | $2.11B | $2.03B | $1.97B | $1.74B | $1.88B | $1.80B | $1.75B | $1.36B | $1.24B | $1.03B |
| High Forecast | $2.01B | $2.00B | $2.03B | $1.96B | $2.09B | $2.06B | $2.11B | $2.08B | $2.06B | $1.97B | $2.02B | $2.59B | $2.02B | $1.95B | $2.09B | $2.35B | $3.06B | $1.95B | $2.00B | $2.14B | $2.11B | $2.03B | $1.97B | $2.09B | $1.88B | $1.80B | $1.75B | $1.63B | $1.24B | $1.03B |
| Low Forecast | $1.95B | $1.95B | $1.97B | $1.91B | $2.03B | $2.00B | $2.05B | $2.05B | $1.99B | $1.97B | $2.02B | $1.73B | $1.88B | $1.89B | $2.03B | $1.57B | $2.04B | $1.95B | $2.00B | $1.43B | $2.11B | $2.03B | $1.97B | $1.39B | $1.88B | $1.80B | $1.75B | $1.09B | $1.24B | $1.03B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.94% | 0.90% | 0.89% | 0.99% | 0.89% | 1.03% | 1.12% | 0.88% | 0.96% | 0.96% | 1.45% | 0.95% | 0.93% | 1.18% | 1.39% | 1.02% |
Bristol-Myers Squibb Company's average Quarter SG&A projection for Dec 23 is $1.96B, based on 9 Wall Street analysts, with a range of $1.88B to $2.02B. The forecast indicates a -2.30% fall compared to BMY last annual SG&A of $2.00B (Sep 23).
Bristol-Myers Squibb Company EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 14 | 9 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 5 | 9 | 6 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.94 | $0.99 | $1.08 | $0.96 | $0.75 | $0.67 | $0.60 | $1.10 | $0.70 | $0.47 | $0.90 | $-4.45 | $0.83 | $-0.04 | $-0.34 | $-0.55 | $0.83 |
| Avg Forecast | $1.73 | $2.01 | $1.85 | $1.61 | $1.72 | $1.84 | $1.90 | $1.85 | $1.47 | $1.49 | $1.62 | $-4.41 | $1.55 | $1.76 | $1.96 | $1.97 | $1.73 | $1.83 | $1.77 | $1.91 | $1.80 | $1.92 | $1.89 | $1.81 | $1.42 | $1.49 | $1.48 | $1.49 | $0.88 | $1.07 |
| High Forecast | $1.76 | $2.05 | $1.89 | $1.64 | $1.75 | $1.88 | $1.94 | $1.94 | $1.60 | $1.54 | $1.62 | $-4.33 | $1.75 | $1.86 | $2.00 | $2.01 | $1.76 | $1.83 | $1.77 | $1.91 | $1.84 | $1.92 | $1.89 | $1.81 | $1.42 | $1.49 | $1.48 | $1.49 | $0.88 | $1.07 |
| Low Forecast | $1.70 | $1.97 | $1.82 | $1.58 | $1.68 | $1.81 | $1.87 | $1.75 | $1.40 | $1.45 | $1.62 | $-4.50 | $1.41 | $1.67 | $1.92 | $1.93 | $1.69 | $1.83 | $1.77 | $1.91 | $1.75 | $1.92 | $1.89 | $1.81 | $1.42 | $1.49 | $1.48 | $1.49 | $0.88 | $1.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.50% | 0.55% | 0.56% | 0.41% | 0.38% | 0.31% | 0.61% | 0.36% | 0.25% | 0.50% | -3.14% | 0.56% | -0.03% | -0.23% | -0.62% | 0.77% |
According to 9 Wall Street analysts, Bristol-Myers Squibb Company's projected average Quarter EPS for Dec 23 is $1.55, with a low estimate of $1.41 and a high estimate of $1.75. This represents a 65.29% increase compared to BMY previous annual EPS of $0.94 (Sep 23).
Bristol-Myers Squibb Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PFE | Pfizer | - | - | 78.11% | Hold |
| BIIB | Biogen | - | - | 75.05% | Buy |
| MRK | Merck | - | - | 29.07% | Buy |
| JNJ | Johnson & Johnson | - | - | 15.20% | Buy |
| BMY | Bristol-Myers Squibb Company | - | - | 12.48% | Hold |
| AMGN | Amgen | - | - | 4.11% | Buy |
| LLY | Eli Lilly and Company | - | - | 3.76% | Buy |
| ABBV | AbbVie | - | - | 0.91% | Buy |
| GILD | Gilead Sciences | - | - | -8.90% | Buy |