In a report released yesterday, Jeffrey Silber from BMO Capital maintained a Buy rating on S&P Global (SPGI – Research Report), with a price target of $590.00.
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Jeffrey Silber’s rating is based on S&P Global’s strong financial performance and positive outlook. The company reported an impressive earnings beat in the fourth quarter, surpassing both their own and consensus estimates, largely driven by strong issuance and robust ratings performance. Silber highlights the company’s ability to achieve higher-than-expected margin targets and EPS guidance, which signals confidence in stable market conditions and improved operational efficiencies.
Moreover, S&P Global’s Market Intelligence segment showed early signs of improvement with increased retention rates and contract value growth, indicating potential for accelerated revenue and margin growth in 2025. Other segments, such as Commodity Insights and Mobility, demonstrated steady growth, while the Indices segment exceeded expectations, further justifying the optimistic view. The company’s diversified portfolio and strategic mergers are expected to mitigate volatility and support sustained growth, thus warranting the Buy rating.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $618.00 price target.
SPGI’s price has also changed slightly for the past six months – from $484.470 to $531.510, which is a 9.71% increase.