Charles Schwab (SCHW) Stock Forecast & Price Target

$70.91

+0.04 (+0.06%)

(As of 10/22/2024 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 17 Analyst Ratings

Sell
2

Hold
8

Buy
7

Based on 17 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 17 analysts, 2 have given a sell rating, 8 have given a hold rating, and 7 have given a buy rating for SCHW.

Consensus Price Target

$73.59
3.78% Upside

According to the 17 analysts' twelve-month price targets for Charles Schwab, the average price target is $73.59. 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 3.78% from the current price of $70.91.

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SCHW Analyst Ratings Over Time

Type	Current Forecast 10/23/23 to 10/22/24	1 Month Ago 9/23/23 to 9/22/24	3 Months Ago 7/25/23 to 7/24/24	1 Year Ago 10/23/22 to 10/23/23
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)	8 Buy rating(s)	11 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	5 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	$73.59	$73.75	$75.20	$69.91
Forecasted Upside	3.78% Upside	12.78% Upside	17.35% Upside	41.71% 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	2.29	2.48	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	3.85% Upside	14.08% Upside	7.83% Upside
News Sentiment Rating	Positive 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
10/16/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$64.00 ➝ $74.00	+3.02%
10/16/2024	Bank of America 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$63.00 ➝ $61.00	-15.89%
10/16/2024	JPMorgan Chase & Co. 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$86.00 ➝ $87.00	+19.36%
10/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Brown Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $75.00	+3.31%
10/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Moley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$64.00 ➝ $65.00	-11.66%
10/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$67.00 ➝ $74.00	+2.64%
Get the Latest News and Ratings for SCHW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Charles Schwab and its competitors with MarketBeat's FREE daily newsletter.
10/16/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$82.00 ➝ $84.00	+16.73%
10/16/2024	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	Boost Target	Outperform ➝ Outperform	$76.00 ➝ $81.00	+12.56%
10/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$77.00 ➝ $76.00	+11.98%
10/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$76.00 ➝ $73.00	+7.56%
10/15/2024	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$69.00 ➝ $75.00	+10.51%
10/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $68.00	+4.62%
10/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$79.00 ➝ $73.00	+12.52%
9/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$75.00 ➝ $72.00	+11.58%
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%
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 Tuesday at 10:34 PM 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 15, 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 shown consistent growth in institutional investments, with large investors increasing their stakes significantly in recent quarters. This indicates confidence from major players in the financial market.
Recent insider purchases by the chief executive officer demonstrate a strong belief in the company's future performance, which can be a positive signal for other investors.
Positive ratings and target price adjustments by Wall Street analysts, such as Deutsche Bank and Jefferies Financial Group, suggest a favorable outlook for The Charles Schwab Co.'s stock.
The current stock price of The Charles Schwab Co. is trading at a reasonable level, making it potentially attractive for investors looking for value opportunities.
The company offers a diverse range of financial services, including wealth management, securities brokerage, banking, and asset management, providing investors with exposure to various sectors within the financial industry.

Charles Schwab
Bear Case

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

Despite positive institutional investments, recent insider sales by the chairman and other insiders may raise concerns about potential future performance or market sentiment towards the company.
Some Wall Street analysts have issued sell ratings on The Charles Schwab Co.'s stock, indicating differing opinions on the company's growth prospects and valuation.
The company's stock has experienced fluctuations in price, which could introduce volatility and uncertainty for investors seeking stable returns.
Market conditions and regulatory changes in the financial industry could impact The Charles Schwab Co.'s operations and profitability, leading to potential risks for investors.
The current ratio and debt-to-equity ratio of The Charles Schwab Co. suggest certain financial leverage and liquidity risks that investors should consider when evaluating the company's financial health.

SCHW Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Charles Schwab is $73.59, with a high forecast of $90.00 and a low forecast of $52.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last year. There are currently 2 sell ratings, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 3.78% based on their 12-month stock forecasts.
: Over the previous 90 days, Charles Schwab's stock had 1 downgrade by analysts.
: Charles Schwab has been rated by research analysts at Bank of America, Barclays, Citigroup, Cowen, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Raymond James, The Goldman Sachs 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 2.29 while the average consensus rating score for "finance" companies is 2.48. Learn more on how SCHW compares to other companies.