- Morgan Stanley's third-quarter earnings surpass expectations, showcasing financial strength.
- Analysts predict a potential 24.38% upside, highlighting investment opportunities.
- Current "Hold" rating suggests cautious optimism among 23 brokerage firms.
Morgan Stanley (MS, Financial) has delivered remarkable financial performance in the third quarter, reporting a GAAP earnings per share of $2.60, which outpaced analyst expectations by $0.41. Furthermore, the company achieved a robust revenue of $17.74 billion, exceeding projections by $1.19 billion. This performance underscores the firm's resilience amidst challenging market conditions.
Wall Street Analysts Forecast
According to the one-year price targets provided by 16 analysts, Morgan Stanley (MS, Financial) is projected to reach an average target price of $132.56, with estimates ranging from a high of $156.00 to a low of $117.00. This suggests a potential upside of 24.38% from its current market price of $106.58. Investors seeking further insights can explore the Morgan Stanley (MS) Forecast page for comprehensive data.
In terms of brokerage recommendations, Morgan Stanley holds a "Hold" status with an average recommendation score of 2.6 from 23 firms. This rating falls on a scale where 1 represents a Strong Buy and 5 indicates a Sell.
Moreover, GuruFocus estimates the GF Value of Morgan Stanley (MS, Financial) over the next year to be $122.34, indicating a prospective upside of 14.79% from the current price of $106.58. The GF Value reflects GuruFocus' calculated fair value of the stock, taking into account its historical trading multiples, past growth, and projected future performance. For a deeper dive, visit the Morgan Stanley (MS) Summary page.
