Truist Securities Cuts SCHW Price Target to $112

Truist Securities has reaffirmed its Buy rating on The Charles Schwab Corporation (SCHW) on October 16, 2026, adjusting its price target from $125 to $112. This change reflects the firm's ongoing positive outlook despite the stock's recent struggles.

Other Institutional Activity in Schwab

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

The Charles Schwab Corporation Stock Down 5.0%

As of October 16, 2026, Schwab shares are trading at $91.99, which is below both the 50-day moving average of $104.75 and the 200-day moving average of $98.19. The stock is 19.7% below its 52-week high of $114.53 but remains 9.6% above its 52-week low of $83.96. Schwab's recent price is also 23.1% below the average analyst target of $119.55.

Recent Earnings

In its most recent financial results, Schwab reported trailing twelve-month revenue of $26.03 billion and earnings per share (EPS) of $5.49. The company's net margin stands at 38.8%, with a return on equity (ROE) of 20.3%. The next earnings report is expected in early 2027.

Analysts Set New Price Targets

On October 16, 2026, several firms maintained their ratings on Schwab: Barclays kept an Overweight rating with a target of $115, down from $118; UBS maintained a Buy rating with a target of $109, lowered from $113; Wells Fargo kept its Equal-Weight rating with a target of $103, down from $105; JP Morgan maintained an Overweight rating with a target of $147, reduced from $150; and Evercore ISI Group kept an In-Line rating with a target of $104, down from $107. The consensus target price is $119.55 based on 22 analyst opinions.

About The Charles Schwab Corporation

The Charles Schwab Corporation is a financial services firm based in Westlake, TX. It offers a range of services including wealth management, securities brokerage, banking, and financial advisory services. The company operates in two main segments: Investor Services and Advisor Services, serving clients both in the U.S. and internationally.

Bottom Line

Investors should keep an eye on Schwab's upcoming earnings report and monitor any further changes in analyst ratings or price targets. With its current price below the average target, there may be opportunities for investors as the market adjusts to new valuations.