Bank of America Upgrades State Street to Neutral Rating

Analysts set $143 price target for the asset management firm

Apr. 6, 2026 at 12:56pm

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Bank of America has upgraded shares of State Street Corporation (NYSE: STT) from an 'underperform' rating to a 'neutral' rating and set a $143.00 price target for the company. Several other research firms have also recently weighed in on State Street, with the majority issuing 'buy' ratings and price targets in the $130-$150 range.

Why it matters

This upgrade from Bank of America signals a more positive outlook on State Street's prospects, which could boost investor confidence in the asset management firm. State Street is a major provider of investment services, management, and research to institutional investors globally.

The details

In their research note, Bank of America cited State Street's recent performance and growth potential as reasons for the rating upgrade. The new $143 price target suggests potential upside of nearly 11% from the stock's current trading price around $129.

  • Bank of America issued the rating upgrade and price target on Monday, April 6, 2026.

The players

State Street Corporation

A global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors.

Bank of America

A major U.S. investment bank and financial services company that provides research coverage and ratings on State Street.

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What’s next

Investors will be watching to see if State Street's stock price can reach Bank of America's new $143 price target in the coming months.

The takeaway

This rating upgrade from a major investment bank suggests growing confidence in State Street's ability to navigate the current market environment and deliver solid financial performance for shareholders.