Analyst Jeffrey Silber from BMO Capital maintained a Buy rating on Morningstar (MORN – Research Report) and keeping the price target at $355.00.
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Jeffrey Silber has given his Buy rating due to a combination of factors that highlight Morningstar’s growth potential and strategic positioning. One of the key reasons is the company’s diverse business segments, which include Morningstar Credit and PitchBook, providing a robust platform for expansion. The management’s focus on reducing volatility in their credit ratings business and the increasing total addressable market for PitchBook underscore the potential for future growth.
Additionally, Silber notes the opportunity for margin expansion and earnings per share growth, driven by Morningstar’s unique assets like PitchBook. Despite the company’s concentrated founder ownership and limited sell-side coverage, these factors contribute to its attractiveness as an investment. The company’s strategic approach to cross-selling and expanding data coverage further supports the Buy rating, indicating a positive outlook for Morningstar’s stock.
MORN’s price has also changed slightly for the past six months – from $337.670 to $313.930, which is a -7.03% drop .