Morningstar, Inc. (MORN)

Morningstar Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Morningstar stock have an average target of 360.67, with a low estimate of 340 and a high estimate of 390. The average target predicts an increase of 6.06% from the current stock price of 340.07.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$340	$360.67	$352	$390
Change	-0.02%	+6.06%	+3.51%	+14.68%

* Price targets were last updated on Oct 9, 2024.

Analyst Ratings

The average analyst rating for Morningstar stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	1
Buy	0	0	1	1	1	1
Hold	0	0	0	0	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	2	2	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Russell Quelch Redburn Atlantic	Redburn Atlantic	Strong Buy → Hold Downgrades $340	Strong Buy → Hold	Downgrades	$340	-0.02%	Oct 9, 2024
Alex Kramm UBS	UBS	Strong Buy Initiates $390	Strong Buy	Initiates	$390	+14.68%	Oct 8, 2024
Jeff Silber BMO Capital	BMO Capital	Buy Maintains $352	Buy	Maintains	$352	+3.51%	Aug 28, 2024
Jeff Silber BMO Capital	BMO Capital	Buy Initiates $352	Buy	Initiates	$352	+3.51%	Aug 12, 2024
Russell Quelch Redburn Atlantic	Redburn Atlantic	Hold → Strong Buy Upgrades $320	Hold → Strong Buy	Upgrades	$320	-5.90%	Oct 30, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

2.31B

Increased by 13.26%

from 2.04B

Revenue Next Year

2.50B

Increased by 8.19%

from 2.31B

EPS This Year

7.88

Increased by 139.62%

from 3.29

EPS Next Year

9.22

Increased by 16.90%

from 7.88

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.18B	1.39B	1.70B	1.87B	2.04B	2.31B	2.50B	2.71B
Revenue Growth	15.60%	17.85%	22.30%	10.08%	8.98%	13.26%	8.19%	8.41%
EPS	3.52	5.18	4.45	1.64	3.29	7.88	9.22	10.73
EPS Growth	-17.18%	47.16%	-14.09%	-63.15%	100.61%	139.62%	16.90%	16.45%
Forward PE	-	-	-	-	-	43.14	36.90	31.69
No. Analysts	-	-	-	-	-	5	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027
High	2.4B	2.6B	2.9B
Avg	2.3B	2.5B	2.7B
Low	2.2B	2.3B	2.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	17.0%	14.1%	15.8%
Avg	13.3%	8.2%	8.4%
Low	8.6%	1.6%	0.4%

EPS Forecast

EPS	2024	2025	2026	2027
High	8.32	10.09	12.23
Avg	7.88	9.22	10.73
Low	7.22	7.80	8.74

EPS Growth

EPS Growth	2024	2025	2026	2027
High	152.8%	27.9%	32.7%
Avg	139.6%	16.9%	16.4%
Low	119.5%	-1.1%	-5.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.