Cantor Fitzgerald Believes MSCI Inc (MSCI) Won’t Stop Here


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on MSCI Inc (MSCI), with a price target of $188. The company’s shares closed yesterday at $222.72, close to its 52-week high of $226.87.

Foresi said:

“. We maintain our Overweight rating on MSCI and 12- month $188 PT*. The company reported top line quarterly results slightly below expectations, due to a slight slowdown in index revenue growth, but earnings came in ahead of consensus. The company continues to effectively manage its cost structure. We look to the earnings call for color on the near-term Indexing environment, longer- term outlook, margin performance, and expectations for the Analytics businesses.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.4% and a 88.6% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.

MSCI Inc has an analyst consensus of Moderate Buy, with a price target consensus of $198.50.

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Based on MSCI Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $152 million. In comparison, last year the company had a net profit of $115 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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MSCI, Inc. engages in the provision of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index; Analytics; Environmental, Social, and Governance (ESG); and Real Estate.

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