BMO trades 18.2% below Wall Street's consensus target of $206.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes BMO achieves its forward estimates and maintains a stable P/E multiple of 11.7x. This scenario reflects the blended consensus of 18 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, Bank of Montreal (BMO) has a Wall Street consensus price target of $206.00, based on estimates from 18 covering analysts. With the stock currently trading at $174.35, this represents a potential upside of +18.2%. The company has a market capitalization of $122.12B.
Analyst price targets range from a low of $74.00 to a high of $580.00, representing a 246% spread in expectations. The median target of $85.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, BMO trades at a trailing P/E of 21.4x and forward P/E of 11.7x. The forward PEG ratio of 1.35 indicates reasonable valuation for growth. Analysts expect EPS to grow -18.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $239.54, with bear and bull scenarios of $150.91 and $315.61 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TDThe Toronto-Dominion Bank | $207.2B | $122.65 | $89.52 | -27.0% | Buy | 12.1x | 17 |
 RYRoyal Bank of Canada | $284.7B | $203.83 | $225.00 | +10.4% | Hold | 12.4x | 30 |
 BNSThe Bank of Nova Scotia | $115.3B | $94.06 | $72.15 | -23.3% | Buy | 11.0x | 19 |
 CMCanadian Imperial Bank of Commerce | $106.3B | $114.76 | $106.62 | -7.1% | Hold | 10.8x | 15 |
 MFCManulife Financial Corporation | $73.7B | $44.17 | $34.24 | -22.5% | Buy | 9.7x | 14 |
 USBU.S. Bancorp | $92.6B | $59.44 | $69.80 | +17.4% | Buy | 11.4x | 49 |
 PNCThe PNC Financial Services Group, Inc. | $91.0B | $227.96 | $279.36 | +22.5% | Buy | 12.0x | 46 |
 TFCTruist Financial Corporation | $59.9B | $48.07 | $54.86 | +14.1% | Buy | 10.4x | 54 |
 CFGCitizens Financial Group, Inc. | $27.7B | $65.49 | $80.40 | +22.8% | Buy | 12.3x | 38 |
 FITBFifth Third Bancorp | $47.8B | $52.76 | $62.13 | +17.8% | Buy | 17.2x | 51 |
Quick answers to the most common questions about buying BMO stock.
Bank of Montreal (BMO) has a consensus 12-month price target of $206, implying 18.2% upside from $174.35. The 18 analysts covering BMO see moderate appreciation potential.
BMO has a consensus rating of "Buy" based on 18 Wall Street analysts. The rating breakdown is mixed, with 8 Hold ratings making up the largest segment. The consensus 12-month price target of $206 implies 18.2% upside from current levels.
With a forward P/E of 11.7015x, BMO trades at a relatively low valuation. The consensus target of $206 implies 18.2% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $580 for BMO, while the most conservative target is $74. The consensus of $206 represents the median expectation. Our quantitative valuation model projects a bull case target of $316 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BMO is well covered by analysts, with 18 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 8 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BMO stock forecast based on 18 Wall Street analysts shows a consensus price target of $206, with estimates ranging from $74 (bear case) to $580 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $240, with bear/bull scenarios of $151/$316.
Our quantitative valuation model calculates BMO's fair value at $240 (base case), with a bear case of $151 and bull case of $316. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
BMO trades at a forward P/E ratio of 11.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on BMO, with a "Buy" consensus rating and $206 price target (18.2% upside). 8 of 18 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BMO analyst price targets range from $74 to $580, a 246% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $206 consensus represents the middle ground. Our model's $151-$316 range provides an independent fundamental perspective.
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