Joshua Dennerlein, an analyst from Bank of America Securities, reiterated the Buy rating on Moody’s (MCO – Research Report). The associated price target remains the same with $530.00.
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Joshua Dennerlein’s rating is based on Moody’s current valuation, which he finds appealing, especially given its price-to-earnings ratio is below its historical average. He believes that despite recent slowdowns in the capital markets, the risk of further downward revisions to earnings guidance is limited. Dennerlein notes that the company’s updated earnings guidance for 2025 is slightly above his previous estimates, indicating resilience in its financial performance.
Additionally, Dennerlein highlights that Moody’s has shown strong performance in the first quarter, which has led him to slightly adjust his earnings per share estimates for 2025. Although there is some uncertainty in the macroeconomic environment that could affect issuance activity and decision-making, he maintains confidence in Moody’s long-term growth prospects. His price objective of $530 reflects this optimism, suggesting a significant upside from the current stock price.
In another report released on April 23, Oppenheimer also maintained a Buy rating on the stock with a $489.00 price target.