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

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.

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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.

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