STT Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
State Street (STT) has been in the news recently for several key developments:
SEC Policy Shift: The SEC's new leadership has announced plans to expand access to private equity markets for retail investors, which could benefit STT by increasing its customer base and revenue streams.
Diversity Policy Changes: STT has revised its gender diversity targets, removing specific quotas, which has sparked mixed reactions from investors and governance experts.
Cryptocurrency Initiatives: STT is actively involved in digital asset investing, including the launch of cryptocurrency-focused ETFs, positioning itself for growth in the emerging digital asset space.
Technical Analysis:
- RSI (14-period): 28.43, indicating the stock is oversold and potentially due for a rebound.
- MACD: The MACD line is below the signal line, suggesting bearish momentum.
- Fibonacci Levels:
- R1: $99.30
- S1: $86.29
- Pivot: $94.33
Price Forecast:
Based on the oversold condition and potential rebound, STT could see a short-term price increase. However, the overall bearish trend suggests caution.
Conclusion:
The stock is expected to trade between $94.33 and $99.30 next week. Given the bearish technical indicators, it is recommended to sell STT at the upper resistance level of $99.30.
STT Similar Chart Price Prediction
The price of STT is predicted to go up -3.75%, based on the high correlation periods with ADM. The similarity of these two price pattern on the periods is 96.83%.
STT
ADM
Down: -3.75%Similarity: 96.83%
STT Revenue Forecast
STT EPS Forecast
STT FAQs
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STT VS S&P500
With the acquisition of Charles River Development, State Street's front-to-back offerings offer competitive advantages and should lead to a greater wallet share of clients and stickier client relationships.
In comparison with a traditional bank, State Street has very modest exposure to credit risk.
A joint venture or sale of its asset-management business could unlock value for shareholders.
STT Analyst's Forecast
Connor Lynagh
Morgan Stanley
Buy
2025-03-06
Price Target
$142 → $139
Upside
+54.74%
Morgan Stanley lowered the firm's price target on State Street to $139 from $142 and keeps an Overweight rating on the shares. The firm lowered its 2025 and 2026 EPS estimates by 2% each to $9.98 and $11.57, respectively, mainly driven by lower fees and higher preferred dividend, partially offset by lower expenses.
David Smith
Truist Securities
Hold
2025-01-21
Price Target
$106 → $104
Upside
+5.05%
David Smith
Truist Securities
Hold
2025-01-07
Price Target
$106
Upside
+8.47%
