63/100BBank of Montreal stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Bank of Montreal is 367.50, 112.5% above the current price of 172.97. Their targets range from 80.00 to 580.00.
Of the 1 firms that rated Bank of Montreal in the past 12 months, 0 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 80.00 to 580.00, with an average of 367.50.
| Buy | 0 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 580.00 |
| Average target | 367.50 |
| Lowest target | 80.00 |
| Current price | 172.97 |
Bank of Montreal price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Bank of Montreal price target and rating?
How analysts rate Bank of Montreal, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
0 of 1 firms rate it buy now, against 0 of 1 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Bank of Montreal analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 3 Nov 2026 | BMO Capital Michael Zaremski | — | 101.00 → 230.00 | +127.7% | 173.08 |
| 22 Oct 2026 | BMO Capital Andrew Bauch | — | 85.00 → 101.00 | +18.8% | 170.45 |
| 20 Oct 2026 | RBC Capital | — | 74.00 → 580.00 | +683.8% | 166.02 |
| 2 Oct 2026 | BMO Capital Joel Jackson | — | 90.00 → 85.00 | -5.6% | 166.30 |
| 9 Sept 2026 | BMO Capital Daniel Jester | — | 203.00 → 90.00 | -55.7% | 172.72 |
| 8 Sept 2026 | Capital One Financial | — | 74.00 → 80.00 | +8.1% | 175.05 |
| 26 Aug 2026 | Morgan Stanley | — | 580.00 | — | 172.87 |
| 25 Aug 2026 | BMO Capital Michael Zaremski | — | 103.00 → 203.00 | +97.1% | 172.35 |
| 24 Aug 2026 | Capital One Financial | — | 74.00 | — | 173.51 |
| 24 Aug 2026 | RBC Capital | — | 74.00 | — | 173.51 |
| 24 Aug 2026 | BMO Capital Daniel Jester | — | 140.00 → 103.00 | -26.4% | 173.49 |
| 28 May 2026 | BMO Capital Fadi Chamoun | — | 92.00 → 140.00 | +52.2% | 163.13 |
| 13 Mar 2026 | BMO Capital Daniel Jester | — | 78.00 → 92.00 | +17.9% | 138.11 |
| 5 Feb 2026 | BMO Capital Brennan Hawken | — | 125.00 → 78.00 | -37.6% | 139.17 |
| 5 Dec 2025 | BMO Capital Daniel Jester | — | 50.00 → 125.00 | +150.0% | 126.69 |
Bank of Montreal EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Bank of Montreal's EPS to grow 15.9% a year until 2028. Over the last 5 years it grew 8.7% a year, and over the last 3 years it fell 17.0%.
Analysts expect Bank of Montreal's revenue to fall 18.1% a year until 2028. Over the last 5 years it grew 17.9% a year, and over the last 3 years it grew 28.0%.
Revenue
EPS
Does Bank of Montreal beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 8.9% off the result, either way, and their revenue estimate 34.3%, over the last 12 quarters.
- EPS beats
- 90 / 134
- Revenue beats
- 92 / 122
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +1.5%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 25 Aug 2026 | 2.71 | 2.84 | +4.8% | 6.94B | 7.10B | +2.4% |
| Q2 FY2026 | 27 May 2026 | 2.54 | 2.68 | +5.5% | 6.98B | 7.04B | +0.9% |
| Q1 FY2026 | 25 Feb 2026 | 2.35 | 2.51 | +6.8% | 6.98B | 7.21B | +3.2% |
| Q4 FY2025 | 4 Dec 2025 | 2.16 | 2.36 | +9.3% | 6.44B | 6.66B | +3.4% |
| Q3 FY2025 | 26 Aug 2025 | 2.12 | 2.33 | +9.9% | 6.54B | 8.94B | +36.8% |
| Q2 FY2025 | 28 May 2025 | 1.84 | 1.84 | 0.0% | 6.44B | 8.68B | +34.9% |
| Q1 FY2025 | 25 Feb 2025 | 1.70 | 2.14 | +25.9% | 5.95B | 9.22B | +54.9% |
| Q4 FY2024 | 5 Dec 2024 | 1.75 | 1.39 | -20.6% | 6.01B | 8.32B | +38.5% |
| Q3 FY2024 | 27 Aug 2024 | 1.98 | 1.93 | -2.5% | 4.58B | 8.15B | +78.2% |
| Q2 FY2024 | 29 May 2024 | 2.01 | 1.88 | -6.5% | 5.86B | 5.70B | -2.7% |
| Q1 FY2024 | 27 Feb 2024 | 2.24 | 1.90 | -15.2% | 4.54B | 7.65B | +68.6% |
| Q4 FY2023 | 1 Dec 2023 | 2.07 | 2.07 | 0.0% | 4.46B | 8.32B | +86.7% |
Bank of Montreal stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Bank of Montreal's earnings keep growing at the 13.0% a year analysts expect to FY2028, it would earn about 15.96 a share in FY2030. At the P/E it has traded at over the last five years (6.3 to 20.2) that is 99.89 to 321.63 a share, or 225.41 at its average P/E of 14.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 10.63 | 66.56 | 150.19 | 214.31 |
| FY2027 | 11.34 | 71.00 | 160.23 | 228.63 |
| FY2028 | 12.50 | 78.26 | 176.60 | 251.99 |
| FY2029 (extrapolated) | 14.12 | 88.42 | 199.52 | 284.69 |
| FY2030 (extrapolated) | 15.96 | 99.89 | 225.41 | 321.63 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 13.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (6.3, 14.1, 20.2).
Is Bank of Montreal stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Bank of Montreal's P/E of 20.2 is near the top of its 5-year range (5.9 to 24.0, median 13.9). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay less for each point of growth than usual: a PEG of 1.3 on expected growth against 1.6 on its median P/E and past five years' growth. Growing 15.9% a year, Bank of Montreal earns a P/E of 15.9 at a PEG of 1 (at most 25): × the next twelve months' EPS of 11.38, a fair value of 181.54, close to the price of 172.97. Its forward P/E, on the consensus for FY2027, is 15.2.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 12.0 and 19.9). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 20.16
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 13.85
- Five-year P/E range
- 5.9 – 24.0
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 15.25
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.55
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +112.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.