Wells Fargo Raises its Price Target on State Street (STT)

Wells Fargo Raises its Price Target on State Street (STT) Jeff Lewis Sun, May 31, 2026 at 11:44 AM GMT+2 2 min read STT STT-PG State Street Corporation (NYSE:STT) is one of the 12 Undervalued Financial Stocks to Buy Now . On May 26, 2026, Wells Fargo raised the firm’s price target on State Street Corporation (NYSE:STT) to $171 from $162 and maintained an Overweight rating on the shares. Wells Fargo said a meeting with CFO John Woods reinforced its view that State Street is entering a multiyear inflection for organic growth, operating leverage, and EPS.

The firm noted that two to three years of behind-the-scenes work appear to be becoming more visible and said it sees State Street re-rating higher. Citi analyst Benjamin Gerlinger also raised the firm’s price target on State Street Corporation (NYSE:STT) to $172 from $150 and maintained a Buy rating on the shares. Citi adjusted targets in the banks group following a transfer of analyst coverage.

Wells Fargo Raises its Price Target on State Street (STT) Pixabay/Public Domain Last month, State Street Corporation (NYSE:STT) reported Q1 adjusted EPS of $2. 84, ahead of the consensus estimate of $2. 64.

Revenue totaled $3. 8B, above the consensus estimate of $3. 69B.

The company said its focus on being an “essential partner” to clients, supported by operational excellence and a diversified business model, helped deliver a strong start to 2026. State Street Corporation (NYSE:STT) provides financial products and services to institutional investors. While we acknowledge the potential of STT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

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