Wells Fargo analyst Jason Haas CFA maintains $S&P Global (SPGI.US)$ with a buy rating, and maintains the target price at $620.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $S&P Global (SPGI.US)$'s main analysts recently are as follows:
Aggregate third-quarter issuance saw a significant increase of 38% year-over-year. As a result of this strong performance, expectations for third-quarter ratings revenue growth have been revised upwards to 25%, along with raised revenue and adjusted EPS estimates for 2024. It is anticipated that both major rating agencies will surpass street estimates, considering the robust issuance observed during the quarter and the additional benefits at one agency from the Index segment.
The firm is enhancing its estimates for S&P Global primarily to account for the benefits from robust issuance, anticipating that this positive trend will persist into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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