S&P Global Inc
SPGI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$626.00 | Tlf | Nkcxhbpbp |
S&P Global: Raising Our Fair Value Estimate by 4%
After updating our model, we are raising our fair value estimate on S&P Global to $410 from $395. Relative to our previous model, we are increasing our 2024 revenue estimate by about 1% as we forecast ratings revenue to grow by 9% in 2024 driven by bond issuance recovering and pricing.