JP Morgan Cuts S&P Global (SPGI) Price Target to $520

JP Morgan has reiterated its Overweight rating on S&P Global, adjusting its price target to $520, a 21.73% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 2:00 PM EDT

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JP Morgan cut its price target on S&P Global Inc. ($SPGI) to $520 from $530 on October 14, 2026, and rates the stock "Overweight".

Since the rating, $SPGI is up 5.2% to date (from the $408.57 close on Oct 14, 2026).

SPGI S&P Global Inc.

$429.64 -10.80% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, JP Morgan reiterated its Overweight rating on S&P Global Inc. (SPGI) with a revised price target of $520, down from $530.
JP Morgan's $520 price target implies 21.73% upside from S&P Global Inc.'s ($SPGI) current $427.19 share price.
The stock recently traded around $427.19, which is about 17.8% below the new analyst target.
S&P Global has a market cap of approximately $125.2 billion and a P/E ratio of 25.9, reflecting its strong position in the financial services sector.

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JP Morgan reiterated its Overweight rating on S&P Global Inc. (SPGI) on October 14, 2026, adjusting its price target to $520 from $530. This change reflects JP Morgan's updated outlook on the company while maintaining a positive stance on its performance in the financial services sector.

Other Institutional Activity in S&P Global

State Street Corporation increased its holdings by 307,602 shares, bringing its total to 14,482,789 shares worth about $6.2 billion. Meanwhile, TCI Fund Management Ltd added 46,318 shares, totaling 14,081,957 shares valued at approximately $6.1 billion. In contrast, Blackrock Inc. trimmed its stake by 89,061 shares, ending with 23,981,586 shares worth about $10.3 billion. Vanguard Capital Management LLC also reduced its position by 81,411 shares, resulting in 19,302,219 shares valued at around $8.3 billion.

S&P Global Inc. Stock Up 4.6%

As of October 16, 2026, S&P Global's stock was recently traded around $427.19, which is 3% above its 50-day moving average of $414.60 and 1.6% above its 200-day moving average of $420.30. However, the stock remains about 17.8% below the average analyst price target of $515.71, indicating potential upside if the stock price aligns with analysts' expectations in the near future.

12-month forecast

$SPGI price target

S&P Global Inc. daily closes and this analyst's $520 target. Not advice.

Recent Earnings

S&P Global reported trailing twelve-month revenue of approximately $16.1 billion, reflecting a year-over-year growth of 10.4%. The company's net margin stands at 30.5%, and it has a return on equity of 14.3%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at S&P Global Inc.

Several insiders have made notable purchases recently. On February 11, 2026, Director Hubert Joly bought 2,500 shares, valued at about $997,459. CEO Martina Cheung purchased 2,322 shares at an average price of $429.93 on April 29, 2026, totaling approximately $998,297. Additionally, Director Robert Edward Moritz Jr. acquired 1,151 shares on April 30, 2026, at an average price of $434.03, valued at $500,001. Officer Catherine R Clay also bought 2,500 shares on May 1, 2026, for about $1,078,475.

Analysts Set New Price Targets

On October 14, 2026, JP Morgan reiterated its Overweight rating on S&P Global with a new price target of $520, down from $530. Earlier, on October 6, Mizuho maintained its Outperform rating but lowered its target from $554 to $531. Morgan Stanley also maintained its Overweight rating with a target reduction from $525 to $477 on October 7, 2026. The consensus recommendation for S&P Global is strong buy, with a mean price target of $515.71 based on 21 analyst opinions.

About S&P Global

S&P Global Inc. provides essential benchmarks, data, analytics, and workflow solutions across various markets, including capital, energy, and commodities. The company operates through several segments, including S&P Global Market Intelligence and S&P Global Ratings, catering to the needs of financial services and investment professionals.

Bottom Line

Investors should keep an eye on S&P Global's upcoming earnings report on October 27, 2026, as well as any further analyst ratings or institutional activity. With JP Morgan's recent price target adjustment, it will be interesting to see how the stock performs in the coming weeks.