Stifel analyst Shlomo Rosenbaum maintains $S&P Global (SPGI.US)$ with a buy rating, and maintains the target price at $540.
According to TipRanks data, the analyst has a success rate of 60.8% and a total average return of 8.9% 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:
The aggregate Q3 issuance saw a significant year-over-year increase of 38%. Consequently, the anticipated revenue growth from ratings for Q3 is now expected to be 25%. Additionally, the revenue and adjusted EPS estimates for the year 2024 have been revised upward. It is anticipated that both major rating agencies will surpass street estimates, attributed to the robust issuance activity in the quarter and the positive performance of indices.
The firm is enhancing its estimates for S&P Global primarily due to the anticipated continuation of robust issuance that is expected to extend 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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