S&P Global, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Toni Kaplan from Morgan Stanley maintained a Buy rating on the stock and has a $556.00 price target.
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Toni Kaplan has given his Buy rating due to a combination of factors that point to a favorable multi‑year outlook for S&P Global. She highlights that first‑quarter debt issuance was robust and that 2026 issuance, in her view, will likely exceed what the market currently embeds, driven by a continued rebound in M&A activity and increasing financing needs tied to AI‑related data center investment.
Kaplan also notes that refinancing calendars remain constructive and the macro backdrop appears sufficiently stable to support sustained issuance, even though geopolitical tensions introduce some downside risk. While she does not expect near‑term guidance to be raised, she still sees upside to S&P Global’s ratings revenue trajectory and maintains an Overweight stance, supported by a valuation that remains attractive even after modestly reducing her price target to reflect updated cost‑of‑capital assumptions.
In another report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $485.00 price target.