On July 15, Moody's rose 3.02% in regular trading, trading at $508.72/share, with turnover of $48.40 million. The rally was driven by a cluster of investment bank target price upgrades and optimistic expectations ahead of the company's Q2 earnings release scheduled for July 22.
On the catalyst front, Goldman Sachs raised its target price on Moody's from $540 to $557 while maintaining a Buy rating, Barclays lifted its target to $575 from $550, and Autonomous Research significantly increased its target to $598 from $512. The consensus mean target price now stands at approximately $545.57 with an overweight average rating. Meanwhile, market expectations point to Q2 revenue of $2.076 billion, representing 12.33% year-over-year growth, and adjusted EPS of $4.23, up 24.66% year-over-year. Morgan Stanley separately noted that bond issuance tailwinds and M&A recovery should bolster ratings agencies beyond current forecasts.
Additionally, Moody's expanded its strategic partnership with Intapp to integrate its data into the Celeste agentic AI platform via model context protocol, further extending its data analytics business reach.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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