BMO Capital Cuts S&P Global (SPGI) Price Target to $500

BMO Capital has reiterated its Outperform rating on S&P Global with a revised price target, a 17.04% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:00 PM EDT

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BMO Capital cut its price target on S&P Global Inc. ($SPGI) to $500 from $505 on October 13, 2026, and rates the stock "Outperform".

Since the rating, $SPGI is up 4.8% to date (from the $409.99 close on Oct 13, 2026).

SPGI S&P Global Inc.

$429.64 -10.80% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, BMO Capital reiterated its Outperform rating on S&P Global Inc. and adjusted the price target to $500 from $505.
BMO Capital's $500 price target implies 17.04% upside from S&P Global Inc.'s ($SPGI) current $427.19 share price.
As of October 16, 2026, S&P Global shares recently traded around $427.19, which is 17.2% below the mean price target of $515.71.
S&P Global has a market cap of approximately $125.2 billion and a forward P/E ratio of 21.04.

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BMO Capital has reiterated its Outperform rating on S&P Global Inc. (NYSE: SPGI) and adjusted its price target to $500 from $505 on October 13, 2026. This move comes as analysts continue to express confidence in the company's performance, despite the recent adjustments in price targets across the sector.

Other Institutional Activity in S&P Global Inc.

Blackrock Inc. trimmed its stake in S&P Global by 89,061 shares, bringing its total to 23,981,586 shares valued at approximately $10.3 billion. Vanguard Capital Management LLC also reduced its holdings, selling 81,411 shares to end with 19,302,219 shares worth about $8.3 billion. Meanwhile, State Street Corporation increased its position by 307,602 shares, now holding 14,482,789 shares valued at roughly $6.2 billion. TCI Fund Management Ltd added 46,318 shares, bringing its total to 14,081,957 shares worth about $6.1 billion. Morgan Stanley decreased its holdings significantly, selling 598,629 shares to hold 7,309,278 shares valued at about $3.1 billion.

S&P Global Inc. Stock Up 4.6%

As of October 16, 2026, S&P Global shares were recently trading at $427.19. This price is about 3% above the 50-day moving average of $414.60 and 1.6% above the 200-day moving average of $420.30. However, the stock is 18.2% below its 52-week high of $522.47 and 18.3% above its 52-week low of $361.03.

12-month forecast

$SPGI price target

S&P Global Inc. daily closes and this analyst's $500 target. Not advice.

Recent Earnings

S&P Global reported trailing twelve-month revenue of approximately $16.1 billion and an EPS of $16.43. The company has shown a year-over-year revenue growth of 10.4%. Its next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at S&P Global Inc.

Several insiders have made notable purchases in recent months. Hubert Joly, a Director, bought 2,500 shares valued at about $997,459 on February 11, 2026. CEO Martina Cheung purchased 2,322 shares at an average price of $429.93 for a total of approximately $998,297 on April 29, 2026. Director Robert Edward Moritz Jr. acquired 1,151 shares for about $500,001 on April 30, 2026, while Officer Catherine R Clay bought 2,500 shares at an average price of $431.39, totaling around $1,078,475 on May 1, 2026.

Analysts Set New Price Targets

On October 13, 2026, BMO Capital maintained its Outperform rating on S&P Global with a target price of $500. Earlier, Mizuho reiterated its Outperform rating with a target of $531 on October 6, and RBC Capital also reiterated its Outperform rating with a target of $510 on August 26. The consensus among analysts suggests a strong buy recommendation with a mean price target of $515.71 based on 21 opinions.

About S&P Global Inc.

S&P Global Inc. provides financial benchmarks, data, and analytics across various markets, including capital, energy, and commodities. Its services are crucial for investors and businesses looking for reliable market insights. The recent reiteration of the rating by BMO Capital reflects ongoing confidence in the company's ability to deliver solid performance in the financial services sector.

Bottom Line

Investors should watch for S&P Global's upcoming earnings report on October 27, 2026. With several analysts maintaining positive ratings, the company's stock could see interesting movements leading into this event.