MSCI Inc. (NYSE:MSCI) Price Target and Financial Performance Overview

• Morgan Stanley sets a new price target for MSCI Inc. (NYSE:MSCI) at $662, indicating a potential increase of about 14.35%.
• MSCI reports a 15.9% increase in revenue for Q3 2024, surpassing expectations.
• The company's earnings per share (EPS) for the quarter were $3.86, exceeding the Zacks Consensus Estimate.

On October 29, 2024, Toni Kaplan from Morgan Stanley set a price target of $662 for MSCI Inc. (NYSE:MSCI). At the time, MSCI's stock was priced at $578.93, suggesting a potential increase of about 14.35%. MSCI is a leading provider of critical decision support tools and services for the global investment community. It competes with firms like S&P Global and FTSE Russell.

MSCI recently held its Q3 2024 earnings conference call, featuring key executives like CEO Henry Fernandez. The call, attended by analysts from major financial institutions, provided insights into MSCI's financial performance. The company reported a 15.9% increase in revenue, reaching $724.71 million, surpassing expectations of $714.59 million. This growth is driven by increased index operating turnover and strong demand for its analytical products.

The company's earnings per share (EPS) for the quarter were $3.86, exceeding the Zacks Consensus Estimate of $3.77. This is an improvement from the $3.45 EPS reported in the same quarter last year. Such positive financial results may support the optimistic price target set by Morgan Stanley, indicating confidence in MSCI's continued growth.

Despite the positive earnings report, MSCI's stock price on the NYSE is currently $578.93, reflecting a decrease of 2.745% or $16.34. The stock has traded between $573.37 and $631 today. Over the past year, MSCI's stock has seen a high of $631 and a low of $439.95, with a market capitalization of approximately $45.53 billion.

The trading volume for MSCI stands at 1,143,148 shares, indicating active investor interest. As MSCI continues to deliver strong financial performance, the market will closely watch how the stock price aligns with the new price target set by Morgan Stanley.