Morgan Stanley analyst Toni Kaplan has maintained their bullish stance on SPGI stock, giving a Buy rating yesterday.
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Toni Kaplan has given his Buy rating due to a combination of factors including the entrenched position of S&P Global in the financial data market and the slow adoption of AI-driven tools by buy-side clients. Although there is a potential threat from AI technologies, the disruption is expected to take a significant amount of time to materialize, allowing S&P Global to maintain its market position in the near term.
Furthermore, the expert insights suggest that while AI could impact the terminal experience, the data business of traditional providers like S&P Global is less likely to be displaced soon. The strong distribution networks and well-established data packages of S&P Global provide a competitive edge, making it a favorable investment despite the evolving technological landscape.
In another report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $558.00 price target.