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Argus Cuts Schwab (SCHW) Target after Q1, Sees Continued Growth Ahead

The Charles Schwab Corporation (NYSE:SCHW) is included among the 10 Best May Dividend Stocks to Buy.

On April 20, Argus Research lowered its price recommendation on The Charles Schwab Corporation (NYSE:SCHW) to $108 from $117. It reiterated a Buy rating on the shares. The update came following the company’s Q1 results last week. Revenue increased 16%, with growth coming from most major segments. Net interest margin also moved higher, and total client assets reached $11.8T. The firm noted that Schwab is still positioned to grow faster than its peers over the medium term, pointing to its product lineup and steady market share gains.

On April 17, Morgan Stanley analyst Michael Cyprys lowered the price target on Charles Schwab to $125 from $135 and maintained an Overweight rating. The analyst said the Q1 report “reinforced what we see as an increasingly differentiated earnings/growth story within our Brokers coverage.” After the results, the firm raised its FY26 and FY27 EPS estimates by 3.6% and 4.7%, respectively, while trimming the price target.

The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company. Through its subsidiaries, it operates across wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.

While we acknowledge the risk and potential of SCHW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SCHW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Canadian Stocks with Highest Dividends and 10 Best Dividend Aristocrat Stocks to Buy in 2026

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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