Wells Fargo Remains a Buy on S&P Global (SPGI) With a $627 PT

S&P Global Inc. (NYSE:SPGI) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. In a report released on June 23, Jason Haas CFA, from Wells Fargo, maintained a Buy rating on S&P Global Inc. (NYSE:SPGI) with a price target of $627.00.

Why S&P Global Has a Durable Business Model

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Analyst Toni Kaplan from Morgan Stanley also maintained a Buy rating on the company on June 5, keeping the price target at $587.00. The analyst based the rating on the company’s potential, reasoning that it had exhibited improvement in certain areas despite a 10% year-over-year decline in global credit issuance in May, attributed to economic uncertainties.

The firm stated that while structured issuances and leverage loan markets underwent declines, the overall issuance for the quarter is tracking close to S&P Global’s expectations. This trend suggests that if the trends of May persist into June, S&P Global Inc. (NYSE:SPGI) may be able to meet its estimated targets.

S&P Global Inc. (NYSE:SPGI) provides independent and transparent analytics, ratings, benchmarks, and data to commodity and capital markets across the globe. The company’s operations are divided into the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

While we acknowledge the potential of SPGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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