Bank of America (BofA) has revised its price target for Morgan Stanley (MS, Financial) to $143, slightly down from the previous target of $144. Despite this minor adjustment, BofA continues to endorse a Buy rating for the investment bank's shares.
Morgan Stanley's recent performance has impressed, with the company surpassing first-quarter expectations. This outperformance is attributed to strong revenue growth across all three of Morgan Stanley's core segments, highlighting the firm's robust operational capacity.
BofA advises investors not to overlook Morgan Stanley's potential to consistently achieve a 20% return on equity, underscoring the company's financial strength and strategic execution. The investment bank's ability to maintain high returns is a significant factor in BofA's optimistic outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Morgan Stanley (MS, Financial) is $130.75 with a high estimate of $156.00 and a low estimate of $117.00. The average target implies an upside of 20.93% from the current price of $108.12. More detailed estimate data can be found on the Morgan Stanley (MS) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Morgan Stanley's (MS, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 Morgan Stanley (MS, Financial) in one year is $122.12, suggesting a upside of 12.95% from the current price of $108.12. 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 Morgan Stanley (MS) Summary page.
