Baird has revised its price target for Moody's Corporation (MCO, Financial), reducing it from $575 to $525, while maintaining an Outperform rating on the stock. This adjustment comes in the wake of Moody’s first-quarter results, which prompted the firm to update its financial model.
Despite the company's solid fundamentals, Baird has opted to take a more cautious approach in its expectations for issuance. This strategic move reflects a prudent assessment of the current market conditions as they relate to Moody's outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Moodys Corp (MCO, Financial) is $509.11 with a high estimate of $572.00 and a low estimate of $445.00. The average target implies an upside of 18.43% from the current price of $429.87. More detailed estimate data can be found on the Moodys Corp (MCO) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Moodys Corp's (MCO, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Moodys Corp (MCO, Financial) in one year is $480.44, suggesting a upside of 11.76% from the current price of $429.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Moodys Corp (MCO) Summary page.
