State Street Stock Can Touch $79
- Date: 28-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
State Street Stock Can Touch $79
BRAZIL - 2020/04/18: In this photo illustration the State Street Corporation logo seen displayed on ... [+] a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
We believe that State Street's stock (NYSE: STT) has a strong 30% upside potential in the near term. STT trades at $58 currently and it has lost 26% in value year-to-date. It traded at a pre-Covid high of $79 in February and is 27% below that level now. Also, STT stock has gained 36% from the low of $42 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government has helped the stock price recover to some extent. That said, the stock is slightly behind the
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