Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on Charles Schwab (SCHW) to $137 from $126 and keeps an Outperform rating on the shares. The company’s updated financial outlook should drive another round of positive estimate revisions, the analyst tells investors in a research note, adding that the firm believes the current bear case around AI will prove unjustified.
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Read More on SCHW:
- Charles Schwab price target raised to $109 from $108 at TD Cowen
- Charles Schwab price target raised to $105 from $103 at Piper Sandler
- Schwab Buy Rating Reiterated as Strategic Strengths Support Higher 2026 Outlook and Unchanged $119 Price Target
- Charles Schwab price target raised to $127 from $117 at Barclays
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