Morgan Stanley — Wall Street Analyst Estimates & Price Targets

NYSEFinancial ServicesFinancial - Capital MarketsCIK 0000895421morganstanley.comAbout MS

Last close · Oct 16, 2026180.54−1.56 (−0.86%)

Market cap$284.8B

4 firms' latest targets, last 90 days: median $208.50 ($195.00–$236.00), 15% 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 · 4 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-15	Wells Fargo	$217.00	$223.00	▼ 3%	+19%	+20%
2026-10-15	RBC Capital	$195.00	$243.00	▼ 20%	+7%	+8%
2026-10-14	Morgan Stanley	$200.00	$215.00	▼ 7%	+10%	+11%
2026-10-05	UBS	$236.00	$260.00	▼ 9%	+24%	+31%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$53.5B	—	$6.15	-23%	est. $53.5B	est. $6.29	6
2023reported	$54.0B	—	$5.18	-16%	est. $54.0B	est. $5.47	11
2024reported	$60.5B	—	$7.95	+53%	est. $60.5B	est. $7.42	11
2025reported	$70.2B	—	$10.21	+28%	est. $70.2B	est. $9.89	10
2026	$82.0B	—	$12.78	+29%	$80.2B–$84.0B	$12.49–$12.95	14
2027	$86.7B	+6%	$13.71	+7%	$84.2B–$89.0B	$12.10–$14.68	14
2028	$91.7B	+6%	$14.93	+9%	$85.3B–$96.6B	$11.74–$16.62	12
2029	$98.8B	+8%	$16.42	+10%	$94.6B–$101.7B	$15.52–$17.05	10

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

$208.50median target, 15% above the last close

Firms with a target · last 90 days: 4
Lowest – highest target: $195.00 – $236.00
Current grades of 17 firms: positive / neutral / negative: 8 / 8 / 1
Upgrades / downgrades · 12 months: 3 / 1

Current grades

each firm's latest · 17 firms

As of	Firm	Grade
2026-10-16	J.P. Morgan	“Neutral”
2026-10-15	RBC Capital	“Sector Perform”
2026-10-15	Citigroup	“Neutral”
2026-10-15	TD Cowen	“Hold”
2026-10-15	Keefe, Bruyette & Woods	“Outperform”
2026-10-15	Evercore ISI	“Outperform”
2026-10-15	Wells Fargo	“Equal Weight”
2026-10-06	BMO Capital	“Outperform”
2026-10-05	UBS	“Buy”
2026-09-28	HSBC	“Hold”

7 more

2026-07-17	Freedom Capital Markets	“Buy”
2026-07-16	Barclays	“Overweight”
2026-07-07	Bank of America	“Buy”
2026-07-06	Goldman Sachs	“Neutral”
2026-06-30	Oppenheimer	“Underperform”
2026-04-16	Citizens	“Market Perform”
2025-11-24	Wolfe Research	“Outperform”

Grade changes

last 24 months · 7

Date	Firm	Grade
2026-07-17	Freedom Capital Markets	“Hold” → “Buy” upgrade
2026-06-30	Oppenheimer	“Perform” → “Underperform” downgrade
2026-04-07	UBS	“Neutral” → “Buy” upgrade
2025-11-24	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2025-07-09	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2024-11-26	HSBC	“Buy” → “Hold” downgrade
2024-11-15	Wells Fargo	“Underweight” → “Equal Weight” upgrade

53 older than 24 months

2024-10-04	HSBC	“Hold” → “Buy” upgrade
2024-09-10	Goldman Sachs	“Buy” → “Neutral” downgrade
2024-08-02	Wells Fargo	“Equal Weight” → “Underweight” downgrade
2024-07-17	Oppenheimer	“Outperform” → “Perform” downgrade
2024-01-17	J.P. Morgan	“Overweight” → “Neutral” downgrade
2024-01-17	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2024-01-09	HSBC	“Buy” → “Hold” downgrade
2023-11-28	Societe Generale	“Buy” → “Hold” downgrade
2023-11-20	BNP Paribas Exane	“Outperform” → “Neutral” downgrade
2023-10-23	Odeon Capital	“Buy” → “Hold” downgrade
2023-10-20	Wolfe Research	“Underperform” → “Peer Perform” upgrade
2023-10-11	UBS	“Buy” → “Neutral” downgrade
2023-07-12	Odeon Capital	“Hold” → “Buy” upgrade
2023-04-19	CFRA	“Strong Buy” → “Buy” downgrade
2023-03-14	CFRA	“Hold” → “Strong Buy” upgrade
2023-01-18	Citigroup	“Buy” → “Neutral” downgrade
2023-01-10	Odeon Capital	“Sell” → “Hold” upgrade
2023-01-04	Wolfe Research	“Outperform” → “Underperform” downgrade
2023-01-03	UBS	“Buy” → “Neutral” downgrade
2022-10-05	Atlantic Equities	“Overweight” → “Neutral” downgrade
2022-09-06	Odeon Capital	“Hold” → “Sell” downgrade
2022-05-03	Oppenheimer	“Perform” → “Outperform” upgrade
2022-01-28	Odeon Capital	“Buy” → “Hold” downgrade
2021-12-03	Citigroup	“Neutral” → “Buy” upgrade
2021-10-15	RBC Capital	“Outperform” → “Sector Perform” downgrade
2021-09-29	Oppenheimer	“Outperform” → “Perform” downgrade
2021-09-28	Berenberg	“Buy” → “Hold” downgrade
2021-08-13	Seaport Global	“Buy” → “Neutral” downgrade
2021-04-21	Berenberg	“Hold” → “Buy” upgrade
2021-03-02	Daiwa Capital	“Neutral” → “Outperform” upgrade
2021-01-04	Barclays	“Equal Weight” → “Overweight” upgrade
2020-06-24	D.A. Davidson	“Neutral” → “Buy” upgrade
2020-03-13	Goldman Sachs	“Neutral” → “Buy” upgrade
2020-03-04	Citigroup	“Neutral” → “Buy” upgrade
2020-02-21	D.A. Davidson	“Buy” → “Neutral” downgrade
2020-01-21	Citigroup	“Buy” → “Neutral” downgrade
2020-01-17	Piper Sandler	“Overweight” → “Neutral” downgrade
2020-01-13	JMP Securities	“Market Outperform” → “Market Perform” downgrade
2019-10-10	Piper Sandler	“Hold” → “Buy” upgrade
2019-10-10	Sandler O'Neill	“Hold” → “Buy” upgrade
2019-07-12	Citigroup	“Neutral” → “Buy” upgrade
2019-04-18	Citigroup	“Buy” → “Neutral” downgrade
2019-02-01	Societe Generale	“Hold” → “Sell” downgrade
2019-01-10	Citigroup	“Neutral” → “Buy” upgrade
2018-10-24	Wells Fargo	“Market Perform” → “Outperform” upgrade
2018-10-02	HSBC	“Buy” → “Hold” downgrade
2018-07-19	Bernstein	“Underperform” → “Market Perform” upgrade
2018-01-10	Atlantic Equities	“Neutral” → “Overweight” upgrade
2017-12-19	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2017-10-09	Credit Suisse	“Neutral” → “Outperform” upgrade
2017-09-15	HSBC	“Hold” → “Buy” upgrade
2017-03-29	Deutsche Bank	“Hold” → “Buy” upgrade
2017-01-12	Societe Generale	“Sell” → “Buy” upgrade

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.