Morningstar

MORN · NASDAQ

$211.76+$6.10 (+2.97%)TodayMarket closed · Oct 20, 4:15 PM ET

Prev close $205.66

MORN analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $241.40 (+14.0% upside)

Low: $222.20
Now: $211.76
High: $273.00

Upgrades and downgrades

The latest rating actions, newest first

MORN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 13, 2026	Maintains	Outperform	$230.00 → $237.00	60%
UBS	Jul 7, 2026	Maintains	Buy	$280.00 → $260.00	63%
BMO Capital	Feb 17, 2026	Maintains	Outperform	$257.00 → $193.00	60%
UBS	Feb 13, 2026	Maintains	Buy	$320.00 → $280.00	63%
UBS	Oct 30, 2025	Maintains	Buy	$350.00 → $320.00	63%

The case for and against

Updated Oct 31, 2025

Bull case

Morningstar Inc demonstrates a strong positive outlook due to its projected high-single-digit growth and anticipated robust margin expansion, which is expected to reach the mid-to-high 20% range. The company’s growth strategy for key business lines, including the MORN Direct Platform, PitchBook, DBRS, and its retirement services, suggests effective management and innovative service offerings. Additionally, Morningstar's ambitions to gain market share further indicate a potentially lucrative market position, contributing to its favorable financial trajectory.

Bear case

The financial analysis of Morningstar Inc. indicates a concerning outlook as growth is anticipated to decelerate to a low- to mid-single-digit pace, with operating margins projected to fall below recent highs. Additionally, there is a significant downside risk stemming from potential multiple contraction, leading to forecasts that project earnings per share (EPS) estimates could decline by approximately 10%. The company faces various risks, including a lack of management guidance, minimal equity research coverage, economic cyclicality, and a notable slowdown in its key asset, PitchBook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.