Goldman Sachs raises MSCI stock price target on strong quarterly results

Raymond James raised its price target for MSCI (NYSE:MSCI) to $680 from $660, citing strong Q3 2026 results. The company reported $892M in revenue and $5.11 EPS, beating estimates. MSCI's growth was driven by its Index, Analytics, and Private Capital Solutions segments. The firm maintains a Strong Buy rating, noting AI-native solutions and long-term revenue growth potential. MSCI trades at a P/E ratio of 32.2 with a $42.7B market cap and 11.6% revenue growth over the last year.

MSCI reported Q3 earnings, highlighting 11.7% index subscription growth, 26% custom-index growth, and 19% private capital solutions growth. Analytics grew 7.5%, with LTM net new sales up 18%. AI is a key focus for product innovation. Sustainability segment faced retention pressure, with flat to slightly positive sales expected in Q4. Expenses are expected to be at the high end of 2026 guidance. MSCI repurchased $627M in shares.

MSCI Inc. reported Q3 2026 revenue of $892M, up 12.4% YoY, and EPS of $4.86, up 14.4%. Net income rose 7.9% to $351M. Growth was driven by asset-based fees and subscriptions, with BlackRock as the largest client at 11.8% of revenue. The company invested in product growth and maintained a 95% retention rate.

MSCI reported Q3 revenue growth of 12.4% and net income increase of 7.9%, driven by Index performance. Analytics and Private Assets Adjusted EBITDA declined. 9M results included an $88M tax benefit, with recurring Run Rate up 12.1%.

MSCI reported Q3 2026 record sales with 12.4% revenue growth and 25% ABF growth, driven by AI innovation and non-asset-manager demand. Sustainability and climate pressures persist.

MSCI's Q3 revenue rose 12.4% to $892M, with asset-based fees contributing nearly half the growth. Adjusted earnings increased 14.3% to $5.11/share, beating expectations. However, analytics segment revenue grew 4.8% while adjusted EBITDA fell, squeezing margins. Shares rose 5.53% to $594.63.