S&P Global (SPGI) Stock Forecast & Price Target

S&P Global is experiencing robust growth, particularly in its Ratings and Market Intelligence segments, with expectations for continued strength in billed issuance and a positive impact from M&A activity. The company's strategic organizational changes in Market Intelligence are yielding accelerated revenue growth and the realization of margin expansion, contributing to an optimistic financial outlook. Additionally, the significant increase in average ETF assets under management and stable performance in the Energy and Mobility segments further reinforce S&P Global's strong market position and financial prospects.

S&P Global's stock has experienced a significant 9.7% decline, attributed to fears surrounding AI disruption and weaker-than-expected revenue and margin performance in its Market Intelligence segment. The company's 2026 revenue and EPS estimates have been reduced from $16,605 million and $20.38 to $16,496 million and $19.59, signaling underlying challenges in achieving growth targets amid a challenging sales environment and increasing expenses. Furthermore, the outlook for the ratings sales growth faces headwinds due to tough comparisons in the second half of 2026, compounded by the impact of additional sanctions affecting the Commodity Insights segment.