William Blair analyst Andrew Nicholas has maintained their bullish stance on SPGI stock, giving a Buy rating today.
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Andrew Nicholas has given his Buy rating due to a combination of factors that highlight S&P Global’s strong financial performance and strategic positioning. The company’s third-quarter results exceeded expectations, with revenue surpassing both the firm’s model and consensus estimates. This was largely driven by robust performance in ratings and indices, contributing to a significant operating margin expansion and an adjusted EPS that outperformed projections.
Additionally, the company has demonstrated impressive growth in its market intelligence segment, with notable sequential revenue and margin acceleration. The increase in billed issuance, particularly in high-yield and structured finance, further supports the positive outlook. Management’s upward revision of the full-year guidance reflects the strong results and continued business momentum, reinforcing the Buy rating as S&P Global is well-positioned for future growth.
In another report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $643.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPGI in relation to earlier this year.