Morgan Stanley Raises SCHW Price Target to $141

Morgan Stanley has reiterated its Overweight rating on The Charles Schwab Corporation (SCHW) with a new price target of $141.00, up from the previous target of $136.00. This update was made on October 9, 2026, as part of their ongoing analysis of the financial services sector.

Other Institutional Activity in SCHW

Blackrock Inc. grew its holdings in SCHW by 1,264,925 shares, bringing its total to 134,414,949 shares worth about $12.4 billion. Dodge & Cox Inc. also increased its stake by 1,965,085 shares, totaling 76,968,323 shares valued at approximately $7.1 billion. Meanwhile, State Street Corporation added 407,493 shares, resulting in 73,174,188 shares worth about $6.7 billion. In contrast, Vanguard Capital Management LLC reduced its holdings by 1,029,414 shares, ending with 107,329,957 shares valued at around $9.9 billion, and JPMorgan Chase & Co. cut its position by 24,678,590 shares, holding 49,165,186 shares worth about $4.5 billion.

The Charles Schwab Corporation Stock Down 5.2%

As of October 16, 2026, SCHW shares are trading at $91.77, which is 19.9% below the 52-week high of $114.53. The stock is currently below its 50-day moving average of $104.75 by 12.4% and also below the 200-day moving average of $98.19 by 6.5%. The recent price is approximately 34.9% below the analyst mean price target of $119.55.

Recent Earnings

In its most recent earnings report, The Charles Schwab Corporation reported revenue of approximately $26.02 billion for the trailing twelve months and an EPS of $5.49. The company has shown a year-over-year revenue growth of 20.9% and a net margin of 38.8%. The next earnings report is expected on January 25, 2027.

Insider Buying and Selling at The Charles Schwab Corporation

Neesha Hathi, an officer at The Charles Schwab Corporation, sold 3,177 shares at an average price of $109.04 on September 1, 2026. She also sold another 5,000 shares at an average price of $97.80 on October 1, 2026. Both transactions were made outside of a planned trading arrangement.

Analysts Set New Price Targets

On October 16, 2026, several firms maintained their ratings on SCHW. Barclays maintained its Overweight rating with a price target of $115.00, down from $118.00. UBS also kept its Buy rating, lowering the target from $113.00 to $109.00. Wells Fargo maintained an Equal-Weight rating with a target of $103.00, down from $105.00. JP Morgan kept its Overweight rating with a target of $147.00, reduced from $150.00. Evercore ISI Group maintained an In-Line rating with a target of $104.00, down from $107.00. The consensus recommendation for SCHW is a Buy, with a mean price target of $119.55 based on 22 analyst opinions.

About The Charles Schwab Corporation

The Charles Schwab Corporation, based in Westlake, Texas, operates as a financial services firm providing wealth management, brokerage, banking, and advisory services. With a workforce of about 33,700 employees, it serves clients both in the United States and internationally. This reiteration of the Overweight rating by Morgan Stanley reflects the firm's confidence in Schwab's growth potential, especially given its strong revenue performance.

Bottom Line

Investors will be watching for the next earnings report on January 25, 2027, to see how The Charles Schwab Corporation continues to perform. Morgan Stanley's reiteration of the Overweight rating, alongside the new price target, suggests a positive outlook amid current market conditions.