RELX plc, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst David Amiras from Bank of America Securities reiterated a Buy rating on the stock and has a p3,700.00 price target.
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David Amiras has given his Buy rating due to a combination of factors that, in his view, the market is currently overlooking. He argues that RELX’s recent share price decline has pushed its valuation down to about 14x forward earnings, a level he believes is inconsistent with expected low- to mid‑teens EPS growth and improving fundamentals across key segments.
He also highlights that the market appears to be assuming severe long‑term AI disruption, effectively pricing in no terminal growth, which he sees as too pessimistic given RELX’s strong competitive positioning and proven ability to integrate AI into its offerings. In addition, he notes robust cash returns through sizeable buybacks, solid momentum in the STM and Risk divisions, and a refreshed, though reduced, price objective of £37 that still points to substantial upside from current levels.
In another report released today, Barclays also maintained a Buy rating on the stock with a £30.75 price target.