Marsh & McLennan Companies, Inc. — Wall Street Analyst Estimates & Price Targets

MRSH

NYSEFinancial ServicesInsurance - BrokersCIK 0000062709corporate.marsh.comAbout MRSH

Last close · Oct 16, 2026188.35+1.81 (+0.97%)

Market cap$89.9B

5 firms' latest targets, last 90 days: median $200.00 ($190.00–$222.00), 6% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 5 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-16	Wells Fargo	$197.00	$188.00	▲ 5%	+6%	+5%
2026-10-07	Mizuho Securities	$190.00	$201.00	▼ 5%	+11%	+1%
2026-10-06	UBS	$222.00	$216.00	▲ 3%	+30%	+18%
2026-08-25	BMO Capital	$203.00	—	—	+4%	+8%
2026-08-19	Morgan Stanley	$200.00	$180.00	▲ 11%	+7%	+6%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2021reported	$19.8B	+15%	$6.13	+56%	est. $19.6B+1%	est. $6.16	6
2022reported	$20.7B	+5%	$6.04	-1%	est. $21.0B-1%	est. $6.80	5
2023reported	$22.7B	+10%	$7.53	+25%	est. $22.7B+0%	est. $7.94	7
2024reported	$24.5B	+8%	$8.18	+9%	est. $24.4B+0%	est. $8.69	6
2025reported	$27.0B	+10%	$8.43	+3%	est. $26.9B+0%	est. $9.60	12
2026	$28.6B	+6%	$10.46	+9%	$28.6B–$28.8B	$10.33–$10.56	12
2027	$30.1B	+5%	$11.45	+9%	$29.7B–$30.3B	$10.95–$11.65	13
2028	$31.7B	+5%	$12.57	+10%	$30.7B–$32.8B	$11.76–$13.13	11

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$200.00median target, 6% above the last close

Firms with a target · last 90 days: 5
Lowest – highest target: $190.00 – $222.00
Current grades of 16 firms: positive / neutral / negative: 6 / 9 / 1
Upgrades / downgrades · 12 months: 4 / 3
Consensus revenue growth · next 3 FY: +6% a year

Current grades

each firm's latest · 16 firms

As of	Firm	Grade
2026-10-16	Wells Fargo	“Equal Weight”
2026-10-16	Citigroup	“Neutral”
2026-10-07	Mizuho	“Neutral”
2026-10-06	UBS	“Buy”
2026-10-06	Morgan Stanley	“Equal Weight”
2026-10-01	J.P. Morgan	“Overweight”
2026-07-10	Evercore ISI	“Outperform”
2026-07-09	Cantor Fitzgerald	“Overweight”
2026-05-26	Piper Sandler	“Neutral”
2026-04-17	Keefe, Bruyette & Woods	“Market Perform”

6 more

2026-04-14	Bank of America	“Underperform”
2026-04-08	Barclays	“Overweight”
2026-02-17	Raymond James	“Strong Buy”
2026-01-30	RBC Capital	“Sector Perform”
2025-11-03	TD Cowen	“Hold”
2025-10-20	Goldman Sachs	“Neutral”

Grade changes

last 24 months · 9

Date	Firm	Grade
2026-07-22	Citigroup	“Buy” → “Neutral” downgrade
2026-05-06	Citigroup	“Neutral” → “Buy” upgrade
2026-02-27	Mizuho	“Outperform” → “Neutral” downgrade
2026-02-17	Raymond James	“Outperform” → “Strong Buy” upgrade
2025-11-20	Barclays	“Equal Weight” → “Overweight” upgrade
2025-11-03	Bank of America	“Neutral” → “Underperform” downgrade
2025-10-20	Goldman Sachs	“Sell” → “Neutral” upgrade
2025-10-17	Keefe, Bruyette & Woods	“Underperform” → “Market Perform” upgrade
2025-10-09	J.P. Morgan	“Neutral” → “Overweight” upgrade

50 older than 24 months

2023-07-20	Bank of America	“Underperform” → “Neutral” upgrade
2023-06-07	Evercore ISI	“In Line” → “Outperform” upgrade
2023-01-20	BMO Capital	“Market Perform” → “Perform” revised
2023-01-08	Jefferies	“Buy” → “Hold” downgrade
2022-11-07	Atlantic Equities	“Overweight” → “Neutral” downgrade
2022-06-02	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2022-05-02	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2022-01-02	Bank of America	“Neutral” → “Underperform” downgrade
2021-12-08	RBC Capital	“Outperform” → “Sector Perform” downgrade
2021-10-21	Raymond James	“Underperform” → “Outperform” upgrade
2021-07-27	Raymond James	“Market Perform” → “Underperform” downgrade
2021-07-22	Bank of America	“Underperform” → “Neutral” upgrade
2021-04-28	Goldman Sachs	“Sell” → “Neutral” upgrade
2021-04-27	Piper Sandler	“Neutral” → “Overweight” upgrade
2021-04-14	Raymond James	“Outperform” → “Market Perform” downgrade
2021-01-10	Credit Suisse	“Neutral” → “Outperform” upgrade
2021-01-07	Goldman Sachs	“Buy” → “Sell” downgrade
2020-12-07	Citigroup	“Buy” → “Neutral” downgrade
2020-11-01	Piper Sandler	“Overweight” → “Neutral” downgrade
2020-10-11	J.P. Morgan	“Overweight” → “Neutral” downgrade
2020-08-20	Bank of America	“Neutral” → “Underperform” downgrade
2020-05-11	Atlantic Equities	“Neutral” → “Overweight” upgrade
2020-04-29	CFRA	“Hold” → “Buy” upgrade
2020-04-12	Goldman Sachs	“Neutral” → “Buy” upgrade
2019-06-12	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2019-04-04	Wells Fargo	“Outperform” → “Market Perform” downgrade
2018-09-24	Raymond James	“Outperform” → “Underperform” downgrade
2018-07-26	Bank of America	“Buy” → “Neutral” downgrade
2017-12-05	UBS	“Buy” → “Neutral” downgrade
2017-10-03	Deutsche Bank	“Buy” → “Hold” downgrade
2017-01-27	Bank of America	“Neutral” → “Buy” upgrade
2016-11-07	Sandler O'Neill	“Hold” → “Buy” upgrade
2016-11-06	Piper Sandler	“Hold” → “Buy” upgrade
2016-11-03	BMO Capital	“Market Perform” → “Outperform” upgrade
2016-03-03	Goldman Sachs	“Neutral” → “Buy” upgrade
2016-01-13	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2016-01-10	Credit Suisse	“Outperform” → “Neutral” downgrade
2015-06-21	Goldman Sachs	“Buy” → “Neutral” downgrade
2015-02-16	Citigroup	“Neutral” → “Buy” upgrade
2015-02-08	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2014-09-24	Macquarie	“Outperform” → “Neutral” downgrade
2014-01-12	Credit Suisse	“Outperform” → “Neutral” downgrade
2013-10-15	Credit Suisse	“Neutral” → “Outperform” upgrade
2013-10-06	Raymond James	“Strong Buy” → “Outperform” downgrade
2013-10-03	Miller Tabak	“Buy” → “Hold” downgrade
2013-04-18	BMO Capital	“Market Perform” → “Perform” revised
2013-02-26	Sandler O'Neill	“Buy” → “Hold” downgrade
2013-02-25	Piper Sandler	“Buy” → “Hold” downgrade
2013-02-05	Goldman Sachs	“Neutral” → “Buy” upgrade
2012-04-19	J.P. Morgan	“Neutral” → “Underweight” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.