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Evercore ISI Raises S&P Global (SPGI) Target to $629, Highlights Growth Outlook
Yahoo Finance· 2025-11-08 05:59
Core Insights - S&P Global Inc. (NYSE:SPGI) has been recognized as one of the 15 Best DRIP Stocks to Own Right Now [1] - Evercore ISI has raised its price target for S&P Global to $629 from $619, maintaining an Outperform rating, highlighting the company's strong quarterly performance and upcoming investor day [2] - The company reported Q3 2025 revenue of $3.89 billion, an 8.76% year-over-year increase, with GAAP net income rising 21% to $1.176 billion and diluted earnings per share increasing 24% to $3.86 [3] - S&P Global announced plans to acquire With Intelligence for $1.8 billion, aimed at enhancing growth in its Market Intelligence segment and improving private market solutions [4] Financial Performance - Q3 2025 revenue reached $3.89 billion, exceeding estimates by $63 million, reflecting an 8.76% increase year-over-year [3] - GAAP net income for the quarter climbed 21% to $1.176 billion, while adjusted net income rose 19% to $1.442 billion [3] - Diluted earnings per share increased by 24% to $3.86, with adjusted diluted earnings per share growing 22% to $4.73 [3] Strategic Developments - The acquisition of With Intelligence for $1.8 billion is expected to bolster growth in the Market Intelligence segment and enhance private market solutions [4] - The upcoming investor day on November 13 is anticipated to provide updates on growth targets and margins, which is a focal point for investors [2]