S&P Global (SPGI) Stock Forecast & Price Target

$514.16

-2.46 (-0.48%)

(As of 01:08 PM ET)

S&P Global - 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

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for S&P Global in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for SPGI.

Consensus Price Target

$548.18
6.53% Upside

According to the 12 analysts' twelve-month price targets for S&P Global, the average price target is $548.18. The highest price target for SPGI is $610.00, while the lowest price target for SPGI is $452.00. The average price target represents a forecasted upside of 6.53% from the current price of $514.16.

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SPGI Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)	17 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$548.18	$530.75	$468.33	$404.00
Forecasted Upside	6.53% Upside	3.41% Upside	4.21% Upside	10.13% Upside
Consensus Rating	Moderate Buy	Buy	Moderate Buy	Buy

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SPGI 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.

SPGI 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.

S&P Global Stock vs. The Competition

Type	S&P Global	Business Services Companies	S&P 500
Consensus Rating Score	2.92	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	6.11% Upside	319.44% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent SPGI 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
9/23/2024	Raymond James 4 of 5 stars	P. O'shaughnessy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/13/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$550.00 ➝ $610.00	+17.64%
9/5/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$530.00 ➝ $564.00	+9.88%
8/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Haas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$550.00 ➝ $565.00	+16.46%
7/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$535.00 ➝ $540.00	+11.56%
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7/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$500.00 ➝ $552.00	+14.25%
7/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$532.00 ➝ $537.00	+10.98%
7/31/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$486.00 ➝ $540.00	+10.54%
7/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$530.00 ➝ $540.00	+11.91%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$505.00 ➝ $555.00	+20.57%
4/3/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
9/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$453.00	+16.20%
7/28/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$460.00 ➝ $451.00	+12.57%
2/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$385.00 ➝ $395.00	+8.62%
12/5/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Faiza Alwy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$362.00 ➝ $379.00	+7.09%
11/7/2022	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$356.00 ➝ $386.00	+22.00%
11/1/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$420.00 ➝ $365.00	+13.62%
10/25/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Hamzah Mazari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$430.00 ➝ $397.00	+29.89%
10/3/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$423.00 ➝ $364.00	+16.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:32 PM ET.

Should I Buy S&P Global Stock? SPGI 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 Monday, September 30, 2024. Please send any questions or comments about these S&P Global pros and cons to contact@marketbeat.com.

S&P Global
Bull Case

Here are some ways that investors could benefit from investing in S&P Global Inc.:

S&P Global Inc. has consistently shown strong financial performance, with a high return on equity of 13.03% and a net margin of 25.03%, indicating efficient operations and profitability.
Recent analyst reports have raised the price target for S&P Global Inc., with a potential upside of 17.43% from the stock's previous close, suggesting positive market sentiment and growth potential.
S&P Global Inc. reported earnings per share of $4.04 for the last quarter, surpassing analyst estimates by $0.37, demonstrating strong financial health and exceeding market expectations.
The company's revenue for the quarter was $3.55 billion, up 14.4% compared to the same quarter last year, indicating consistent revenue growth and a strong market position.
S&P Global Inc. operates in global capital, commodity, and automotive markets, providing credit ratings, benchmarks, analytics, and workflow solutions, diversifying its revenue streams and market exposure.

S&P Global
Bear Case

Investors should be bearish about investing in S&P Global Inc. for these reasons:

While S&P Global Inc. has a strong track record, its stock price has been volatile, with fluctuations in the market impacting short-term investor sentiment and potentially leading to increased risk.
The company's P/E ratio of 57.60 and PEG ratio of 2.91 indicate that the stock may be currently overvalued, posing a risk of a potential correction in the market valuation.
Market conditions and regulatory changes in the financial services industry could impact S&P Global Inc.'s operations and profitability, leading to uncertainties in future earnings and growth prospects.
Investing in S&P Global Inc. involves exposure to market risks, including economic downturns, geopolitical events, and industry-specific challenges that could affect the company's financial performance and stock price.
While the company has shown resilience, investors should consider diversifying their portfolios to mitigate risks associated with investing in a single company or industry sector.

SPGI Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for S&P Global is $548.18, with a high forecast of $610.00 and a low forecast of $452.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for S&P Global in the last year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPGI shares.
: According to analysts, S&P Global's stock has a predicted upside of 6.62% based on their 12-month stock forecasts.
: Over the previous 90 days, S&P Global's stock had 1 upgrade and 1 downgrade by analysts.
: S&P Global has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Raymond James, Royal Bank of Canada, Stifel Nicolaus, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like S&P Global more than other "business services" companies. The consensus rating score for S&P Global is 2.92 while the average consensus rating score for "business services" companies is 2.66. Learn more on how SPGI compares to other companies.

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This page (NYSE:SPGI) was last updated on 10/1/2024 by MarketBeat.com Staff

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