Wells Fargo Rates State Street (STT) buy, $196 Price Target
Analyst Mike Mayo maintains a $196 price target for the Boston-based asset manager following a period of double-digit revenue gains, a 15.63% upside from the current price.
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Wells Fargo rated State Street Corporation ($STT) "buy" with a $196 price target on June 24, 2026.
Since the rating, $STT is up 1.0% after 1 week, up 10.3% after 1 month and down 0.9% to date (from the $167.15 close on Jun 24, 2026).
STT
State Street Corporation
Key Points
- Wells Fargo analyst Mike Mayo reiterated a Buy rating on State Street Corporation with a $196.00 price target on June 24, 2026.
- Wells Fargo's $196 price target implies 15.63% upside from State Street Corporation's ($STT) current $169.51 share price.
- The financial services giant reported a 18.4% increase in revenue and a net margin of 23.0% in its most recent quarterly data.
- State Street shares currently trade at roughly 16.3 times trailing earnings, which is below the average price target of $199.50 set by 14 Wall Street analysts.
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On June 24, 2026, Wells Fargo analyst Mike Mayo reiterated a Buy rating for State Street Corporation (NYSE: STT), maintaining a price target of $196.00. The call comes as the institutional bank continues to navigate a shifting landscape for asset managers, with the analyst focusing on the firm's ability to drive value through its custody and administration services. This rating reflects Mayo's outlook on the stock's potential to reach the $196.00 mark, which sits above the current trading price.
Wells Fargo vs. the S&P 500
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Growth Drivers for State Street Stock
State Street shares were priced at $169.51 on Wednesday, trading between a 52-week low of $104.64 and a high of $195.93. The stock is currently trading above its 200-day moving average of $152.56, showing a steady climb over the past several months. Investors often look at the price-to-earnings (P/E) ratio to see how much they are paying for each dollar of profit; State Street's P/E is 16.3, while its forward P/E—which uses estimated future earnings—is lower at 12.0. This suggests the market expects earnings to improve in the coming year.
$STT price target
State Street Corporation daily closes and this analyst's $196 target. Not advice.
Recent Earnings Performance
In its latest financial reports, State Street showed revenue of $15.02 billion, representing a growth rate of 18.4%. The company has remained profitable with a net margin of 23.0% and a return on equity (ROE) of 12.4%. These figures indicate how efficiently the bank is using shareholder money to generate profit. Looking ahead, the company is scheduled to report its next round of quarterly financial results on October 14, 2026.
State Street Dividend Details
The company provides a steady return to shareholders through an annual dividend of $3.68 per share. This represents a dividend yield of 2.0% based on recent prices. State Street currently uses about 29.7% of its earnings to pay this dividend, a payout ratio that indicates the company is keeping a large portion of its profits to reinvest in the business or shore up its balance sheet.
Analysts Set New Price Targets
Other analysts have recently weighed in on State Street with a mix of opinions. On October 15, 2026, Keefe, Bruyette & Woods maintained an Outperform rating and raised its price target to $230.00 from $220.00. On that same day, RBC Capital kept its Sector Perform rating but lowered its price target to $175.00, while Evercore ISI Group maintained an Outperform rating with a $185.00 target. Earlier in the month, Citigroup raised its target to $212.00 on October 5, 2026, while JP Morgan maintained a Neutral rating with a $187.50 target on October 2, 2026. Across 14 different analysts, the average price target for the stock is $199.50.
About State Street Corporation
State Street is a Boston-based financial giant that specializes in serving institutional investors. Rather than being a typical neighborhood bank, it focuses on custody, fund administration, and complex accounting for large pools of money like pension funds and insurance companies. It also runs the State Street Alpha platform, which helps investment managers handle everything from trading to compliance in one place. Founded in 1792, it is one of the oldest and largest service providers in the global financial markets.
What to Watch at State Street Corporation
Investors will likely focus on the October 14, 2026, earnings date to see if the company can maintain its double-digit revenue growth. While analyst ratings provide a professional perspective on where a stock might head over the next year, they are opinions based on current data and can change as market conditions or company performance shifts. The $196.00 target from Wells Fargo remains a key benchmark for the stock's performance in the medium term.
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Source: Wells Fargo's rating change on $STT (Jun 24, 2026). Written by software, not financial advice. How we make alerts