Charles Schwab (SCHW) Stock Forecast & Price Target

$64.75

+1.35 (+2.13%)

(As of 10/4/2024 ET)

Charles Schwab - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
2

Hold
7

Buy
7

Based on 16 Wall Street analysts who have issued ratings for Charles Schwab in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 2 have given a sell rating, 7 have given a hold rating, and 7 have given a buy rating for SCHW.

Consensus Price Target

$72.38
11.78% Upside

According to the 16 analysts' twelve-month price targets for Charles Schwab, the average price target is $72.38. The highest price target for SCHW is $90.00, while the lowest price target for SCHW is $52.00. The average price target represents a forecasted upside of 11.78% from the current price of $64.75.

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SCHW Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$72.38	$74.00	$77.69	$72.28
Forecasted Upside	11.78% Upside	17.65% Upside	6.09% Upside	40.30% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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SCHW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SCHW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Charles Schwab Stock vs. The Competition

Type	Charles Schwab	Finance Companies	S&P 500
Consensus Rating Score	2.31	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.78% Upside	14.92% Upside	7.05% Upside
News Sentiment Rating	Neutral News See Recent SCHW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$79.00 ➝ $73.00	+12.52%
9/27/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$75.00 ➝ $72.00	+11.58%
9/26/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$71.00 ➝ $67.00	+4.72%
9/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Harris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$70.00	+10.20%
8/22/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Voigt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$80.00 ➝ $80.00	+24.88%
8/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$71.00 ➝ $70.00	+7.33%
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8/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$79.00 ➝ $80.00	+23.15%
7/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Moley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$80.00 ➝ $64.00	-3.90%
7/23/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Outperform ➝ Market Outperform	$85.00 ➝ $82.00	+26.08%
7/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$82.00 ➝ $78.00	+22.26%
7/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$77.00 ➝ $68.00	+7.39%
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$72.00 ➝ $66.00	-2.11%
7/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Katz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$88.00 ➝ $71.00	+5.31%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$91.00 ➝ $90.00	+20.76%
1/18/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$78.00 ➝ $75.00	+18.26%
12/1/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$52.00	-15.20%
7/19/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$70.00 ➝ $81.00	+22.76%
6/26/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$62.00 ➝ $60.00	+12.85%
4/20/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
3/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$81.50 ➝ $67.50	+19.09%
1/17/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schmitt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:59 AM ET.

Should I Buy Charles Schwab Stock? SCHW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 1, 2024. Please send any questions or comments about these Charles Schwab pros and cons to contact@marketbeat.com.

Charles Schwab
Bull Case

Here are some ways that investors could benefit from investing in The Charles Schwab Co.:

The Charles Schwab Co. has a market cap of $116.27 billion, indicating a strong presence and stability in the financial market.
Institutional investors, such as Morningstar Investment Services LLC and M&G Plc, have been increasing their holdings in The Charles Schwab Co., reflecting confidence in the company's future performance.
Recent insider purchase by the chief executive officer of 827,377 shares valued at $54,822,000.02 may signal positive sentiment and belief in the company's growth potential.
Analysts have issued buy ratings for The Charles Schwab Co., with price targets indicating potential growth and positive outlook for the stock.
The company's PE ratio of 27.25 and price-to-earnings-growth ratio of 1.19 suggest a reasonable valuation and growth potential for investors.

Charles Schwab
Bear Case

Investors should be bearish about investing in The Charles Schwab Co. for these reasons:

Recent earnings estimate revisions by Zacks Research lowering Q2 2026 earnings per share for The Charles Schwab Co. may indicate potential challenges or uncertainties in the company's financial performance.
Multiple analysts have issued sell ratings for the stock, suggesting concerns or risks associated with investing in The Charles Schwab Co.
The company's 1-year high of $79.49 and 1-year low of $48.66 indicate volatility in the stock price, which may pose risks for investors seeking stable returns.
High debt-to-equity ratio of 0.65 and low current ratio of 0.42 could signal financial leverage and liquidity concerns for The Charles Schwab Co.
Despite the average rating of "Hold" by analysts, the stock has faced downward price pressure, which may indicate challenges in the company's growth trajectory.

SCHW Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Charles Schwab is $72.38, with a high forecast of $90.00 and a low forecast of $52.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last year. There are currently 2 sell ratings, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SCHW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCHW, but not buy additional shares or sell existing shares.
: According to analysts, Charles Schwab's stock has a predicted upside of 11.78% based on their 12-month stock forecasts.
: Over the previous 90 days, Charles Schwab's stock had 1 upgrade and 1 downgrade by analysts.
: Charles Schwab has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Charles Schwab less than other "finance" companies. The consensus rating score for Charles Schwab is 2.31 while the average consensus rating score for "finance" companies is 2.47. Learn more on how SCHW compares to other companies.

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This page (NYSE:SCHW) was last updated on 10/6/2024 by MarketBeat.com Staff

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