Goldman Sachs Reaffirms Buy Rating for State Street Corporation
Goldman Sachs has reiterated its buy rating for State Street Corporation with a price target of $194, a 14.39% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating on State Street Corporation, setting a price target of $194.
- Goldman Sachs's $194 price target implies 14.39% upside from State Street Corporation's ($STT) current $169.60 share price.
- State Street Corporation shares traded near $170.18 on Tuesday, with a market cap of about $46.53 billion.
- Recent insider activity includes planned sales by executives and multiple buy ratings from analysts.
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Goldman Sachs has reiterated its buy rating for State Street Corporation (NYSE:STT), maintaining a price target of $194. This decision, announced on June 30, 2026, comes as the stock traded around $170.18 on Tuesday.
Goldman Sachs vs. the S&P 500
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State Street Corporation Stock Down 12.3%
Shares of NYSE:STT traded near $170.18 on Tuesday. State Street Corporation, a major player in the asset management industry, has a market capitalization of approximately $46.53 billion. The company has a P/E ratio of 17.1 and a forward P/E of 12.1, reflecting its profitability and future earnings expectations. The stock's 52-week range has been between $101.98 and $175.46, with a 50-day moving average of $157.24 and a 200-day moving average of $131.93.
$STT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
State Street Corporation reported revenue of about $14.39 billion, although it experienced a slight revenue decline of 2.8%. The company achieved a net margin of 21.3% and a return on equity of 11.3%. Investors are eyeing the next earnings release scheduled for July 16, 2026.
Dividend
State Street pays an annual dividend rate of $3.36, yielding 2.0% with a payout ratio of 33.3%. This provides a steady income stream for investors.
Insider Buying and Selling at State Street Corporation
Recent insider activity at State Street Corporation includes several planned sales. On June 11, 2026, Executive Vice President Kathryn Horgan sold 5,500 shares at an average price of $162.78 under a pre-arranged trading plan. Earlier, on June 8, 2026, EVP and Chief Admin Officer Michael Richards sold 1,500 shares at $162.14. Additionally, EVP and Chief Risk Officer Bradford Hu and CEO Ronald Hanley executed planned sales on May 26, 2026, totaling 9,212 and 14,553 shares, respectively.
Analysts Set New Price Targets
Goldman Sachs maintained its buy rating for State Street Corporation with a $194 price target on June 30, 2026. Similarly, Morgan Stanley kept a buy rating with a target of $183 on June 29, 2026. Wells Fargo also reiterated a buy rating with a $196 target on June 24, 2026. The consensus among analysts is a buy, with an average target price of $166.32 based on 14 opinions.
About State Street Corporation
State Street Corporation, headquartered in Boston, Massachusetts, provides a range of financial products and services to institutional investors. The company offers custody, accounting, and fund administration services, along with analytics and trading services. It also provides investment management solutions, including strategies across various asset classes. Led by CEO Ronald P. O'Hanley, State Street employs over 51,500 people.
Bottom Line
Goldman Sachs's reaffirmation of its buy rating on State Street Corporation highlights ongoing confidence in the company's growth prospects. As a major player in asset management, State Street's financial health and strategic initiatives are closely watched by investors. This analyst update is based on backward-looking data and may not reflect the latest market conditions.
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