TD Cowen Rates The Charles Schwab (SCHW) Buy, $129 Price Target
TD Cowen keeps its Buy rating on The Charles Schwab Corporation and sets a price target of $129, a 40.29% upside from the current price.
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TD Cowen rated The Charles Schwab Corporation ($SCHW) "Buy" with a $129 price target on October 16, 2026.
SCHW
The Charles Schwab Corporation
Key Points
- On October 16, 2026, TD Cowen reiterated its Buy rating for The Charles Schwab Corporation (SCHW) with a price target of $129.
- TD Cowen's $129 price target implies 40.29% upside from The Charles Schwab Corporation's ($SCHW) current $91.95 share price.
- Shares of SCHW recently traded around $91.99, which is 28.7% below the analyst's target price.
- The stock has a P/E ratio of 17.15 and a market cap of approximately $162.83 billion.
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TD Cowen has reiterated its Buy rating on The Charles Schwab Corporation (SCHW) with a price target of $129, as announced on October 16, 2026. The firm had previously set a target of $129 as well.
TD Cowen vs. the S&P 500
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Other Institutional Activity in The Charles Schwab Corporation
Several other institutional investors have made moves regarding Charles Schwab. Blackrock Inc. grew its holdings by 1,264,925 shares, ending with 134,414,949 shares worth about $12.36 billion. Dodge & Cox Inc. added 1,965,085 shares, bringing its total to 76,968,323 shares valued at approximately $7.08 billion. Conversely, Vanguard Capital Management LLC reduced its stake by 1,029,414 shares, holding now 107,329,957 shares worth about $9.87 billion.
The Charles Schwab Corporation Stock Down 5.0%
As of October 16, 2026, shares of SCHW are trading at $91.99, which is below the 50-day moving average of $104.75 and the 200-day moving average of $98.19. The stock is also about 19.7% below its 52-week high of $114.53, but 9.6% above its 52-week low of $83.96. This positioning suggests that the stock might be undervalued compared to its historical performance.
$SCHW price target
The Charles Schwab Corporation daily closes and this analyst's $129 target. Not advice.
Recent Earnings
In its most recent earnings report, The Charles Schwab Corporation reported a trailing twelve-month revenue of about $26.03 billion and earnings per share (EPS) of $5.49. The company has shown strong revenue growth of 20.9% year-over-year and a net margin of 38.8%. The next earnings report is scheduled for November 2026.
Dividend
The Charles Schwab Corporation offers a dividend yield of 1.33%, with a payout ratio of 21.5%.
Insider Buying and Selling at The Charles Schwab Corporation
Insider trading activity showed Neesha Hathi, an officer at Schwab, sold 3,177 shares at an average price of $109.04 on September 1, 2026, totaling about $346,428. She also sold another 5,000 shares on October 1, 2026, at an average price of $97.80, worth approximately $489,007.
Analysts Set New Price Targets
On the same day as TD Cowen's announcement, other firms also maintained their ratings. Barclays maintained an Overweight rating with a target of $115, down from $118, while UBS kept its Buy rating with a target of $109, previously $113. Wells Fargo maintained an Equal-Weight rating with a target of $103, down from $105. JP Morgan and Evercore ISI Group also maintained their ratings with targets of $147 and $104, respectively.
About The Charles Schwab Corporation
The Charles Schwab Corporation is a financial services company that provides a wide range of services including wealth management, securities brokerage, and banking. With a strong focus on customer service and technology, Schwab serves both individual investors and institutions. The recent analyst ratings suggest that there is a positive outlook for the company despite current share price pressures.
Bottom Line
Investors should watch for the upcoming earnings report in November 2026 for further insights into the company’s performance. With a solid Buy rating from TD Cowen and a significant gap between the current share price and the target, there could be interesting developments ahead.
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Source: TD Cowen's rating change on $SCHW (Oct 16, 2026). Written by software, not financial advice. How we make alerts