{"id":52633,"date":"2024-08-07T02:21:18","date_gmt":"2024-08-07T02:21:18","guid":{"rendered":"https:\/?p=52633"},"modified":"2024-08-07T02:21:18","modified_gmt":"2024-08-07T02:21:18","slug":"bank-of-montreal-desjardins-cuts-target-forecast","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/bank-of-montreal-desjardins-cuts-target-forecast\/","title":{"rendered":"Bank of Montreal: Desjardins Cuts Target Forecast"},"content":{"rendered":"
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Bank of Montreal Stock Analysis<\/h2>\n

Analyst Forecast and Target Price<\/strong><\/p>\n

Desjardins Securities (Analyst Ranks#88)<\/a> recently adjusted their target price for Bank of Montreal (BMO) stock, lowering it from CAD 129 to CAD 125. Despite this downward revision, Desjardins maintains a “Hold” rating, indicating that while the stock may face some headwinds, it is not expected to experience significant declines.<\/p>\n

Overall Analyst Consensus<\/strong><\/p>\n

The broader forecast from 13 analysts sets an average target price of CAD 130.29 for BMO<\/a> over the next 12 months. This target suggests potential upside from the current stock price of CAD 114.69, indicating a general expectation of growth. The average analyst rating for Bank of Montreal is a “Buy,” highlighting overall positive sentiment among analysts despite recent adjustments.<\/p>\n

Stock Target Advisor\u2019s Analysis<\/strong><\/p>\n

Stock Target Advisor\u2019s<\/a> analysis provides a “Neutral” stance on Bank of Montreal\u2019s stock. This assessment is based on a balance of six positive signals and six negative signals. The neutral rating reflects a cautious view, where the positive aspects of the stock\u2019s performance are balanced by concerns or risks. This impartial perspective suggests that while there are favorable indicators for BMO, there are also factors that could potentially limit its upside or introduce volatility.<\/p>\n

Recent Stock Performance<\/strong><\/p>\n