State Street price target raised to $168 from $152 at Goldman Sachs

Goldman Sachs raised the firm’s price target on State Street (STT) to $168 from $152 and keeps a Buy rating on the shares. After a strong start to the year, State Street’s 2026 guidance for fee and net interest income growth appears conservative relative to expectations, with potential upside from stable deposits, higher rate assumptions in Europe, and supportive market conditions, the analyst tells investors in a research note. A July strategic update is also expected to highlight operating leverage from AI-driven efficiencies, with potential for pre-tax margins to move toward the mid-30% range, the firm says.