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A Quick Look at Today's Ratings for Morgan Stanley(MS.US), With a Forecast Between $121 to $135

Moomoo News ·  Oct 18, 2024 21:00  · Ratings

On Oct 18, major Wall Street analysts update their ratings for $Morgan Stanley (MS.US)$, with price targets ranging from $121 to $135.

Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $121 to $135.

Jefferies analyst Daniel Fannon maintains with a buy rating, and adjusts the target price from $120 to $135.

Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $115 to $133.

Oppenheimer analyst Chris Kotowski maintains with a hold rating.

Seaport Global analyst James Mitchell maintains with a hold rating.

Furthermore, according to the comprehensive report, the opinions of $Morgan Stanley (MS.US)$'s main analysts recently are as follows:

  • Morgan Stanley's third-quarter earnings surpassed expectations, supported by a comprehensive revenue outperformance and a positive future outlook.

  • Following the third-quarter earnings surpassing expectations, analysis shows that the Wealth business of the company exhibited stronger than anticipated net new assets, fee-based flows, and net interest income. Additionally, it has been noted that there has been a significant improvement in sweep deposit outflows subsequent to the initial rate reductions. The company also pointed out an acceleration in mortgage loan growth, with expectations for increased securities based lending, attributing this to a more favorable equity environment in the context of lower interest rates.

  • Post-Q3 report, there has been an upward revision of EPS estimates for the final quarter and the year 2025, reflecting the company's robust performance. This improvement is attributed to the efficient cost management, the progressive trend in wealth management, and the overall positive impact of recent results.

  • Following a strong Q3 earnings report, it is observed that the company's multifaceted investment services business model, which includes Institutional Securities, Wealth Management, and Investment Management, has produced solid outcomes. The forefront of this success can be attributed to its exceptional investment banking and trading operations. In light of the company's robust excess capital situation, it is anticipated that management will reciprocate to shareholders through common share buybacks and augmented dividends.

  • The firm's strong across-the-board performance prompts questions regarding the sustainability of net new asset growth, the sluggish long-term investment management inflows noted over the last twelve months, the forecast for net interest income following the second quarter, and the extent to which capital markets might maintain their improvement.

Here are the latest investment ratings and price targets for $Morgan Stanley (MS.US)$ from 6 analysts:

StockTodayLatestRating_mm_203543_20241018_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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