Barclays Analyst Increases MSCI Price Target to $700, Maintains Strong Buy Rating

Barclays's Manav Patnaik raised their price target on Msci (NYSE: MSCI) by 16.7% from $600 to $700 on 2024/01/31. The analyst maintained their Strong Buy rating on the stock.

In an assessment of Msci's 2024/01/30-dated Q4 and FY 2023 print, Patnaik told investors that a combination of "Analytics/Index, solid margin, and the company's net new subscription" was stronger than expected, resulting in a "nice beat."

"The good results beat back bearish sentiment," the analyst noted.

Joining Patnaik, other analysts also updated their ratings and price targets for MSCI on 2024/01/31.

Goldman Sachs's George Tong raised their price target by 13.4%, from $544 to $617, and maintained their Hold rating on the stock.

Wells Fargo's Seth Weber raised their price target by 7.3%, from $615 to $660, and maintained their Strong Buy rating on the stock.

RBC Capital's Ashish Sabadra raised their price target by 8.5%, from $588 to $638, and maintained their Buy rating on the stock.

It is worth noting that 100% of top-rated analysts currently rate MSCI as a Strong Buy or Buy. No analysts see it as a Hold, and no analysts either recommend or strongly recommend selling the stock.

The consensus forecast among analysts is that MSCI's upcoming year will deliver earnings per share (EPS) of $14.1. If the analysts are right, MSCI's next yearly EPS will be up by 17% on a year-over-year basis.

Since MSCI's latest quarterly report on 2024/01/30, the stock price is down 0.6%. However, year-over-year, the stock is up 12.6%. It is important to note that during that period, MSCI is trailing the S&P 500, which is up 18.9%.

Barclays analyst Manav Patnaik, who raised the price target on MSCI, is ranked by WallStreetZen in the top 5% out of 4,462 Wall Street analysts. With an average return of 11.5% and a 64% win rate, Patnaik specializes in the Consumer Cyclical and Communication Services sectors, among others.

MSCI Incorporated provides investment decision support tools that clients use to manage investment processes. Its indexes are used in various areas of the investment process, including indexed product creation, performance benchmarking, portfolio construction and rebalancing, and asset allocation. The company serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporations. MSCI was incorporated in 1998 and is headquartered in New York, NY.

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