Jefferies cuts target to USD 490 for S&P Global stock
Published on 10/22/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and operating base
- Jefferies cut its target from USD 525.00 to USD 490.00 on October 16, 2026.
- Second-quarter pro forma revenue reached USD 3.68 billion and adjusted earnings per share reached USD 4.83.
- S&P Global stock trades at EUR 392.80 at 10:34 a.m. CEST at Lang & Schwarz on October 22, 2026.
S&P Global (ISIN US78409V1044) faces a lower Jefferies valuation target of USD 490.00, down from USD 525.00, in a note dated October 16, 2026. According to Investing.com, Jefferies kept a Buy rating while cutting its target because of a softer revenue outlook.
Target cut puts estimates on test
Jefferies lowered its full-year revenue growth view to 8.1 percent from an earlier 8.5 percent estimate, while reducing its adjusted earnings per share estimate by USD 0.05 to USD 17.80. The firm also expects organic constant-currency growth of 7 percent to 8 percent, compared with a previous range of 6 percent to 8 percent, according to Investing.com.
S&P Global's second-quarter operating base was stronger than the revised estimate implies. Barchart reported pro forma revenue of USD 3.68 billion, up 11 percent year over year, and adjusted earnings per share of USD 4.83, up 23 percent, for the second quarter of 2026. The same report said the company guided to adjusted fiscal-year 2026 earnings per share of USD 17.50 to USD 17.75.
Three dates frame the setup
On July 1, 2026, S&P Global completed the Mobility separation, leaving the second-quarter comparison with a pro forma revenue base of USD 3.68 billion. On July 28, 2026, second-quarter adjusted earnings per share reached USD 4.83. On October 16, 2026, Jefferies cut its target from USD 525.00 to USD 490.00, according to Investing.com.
What does October 27 mean for earnings?
The next concrete date is October 27, 2026, when S&P Global plans to publish third-quarter results before the US market opens. The company scheduled the release for approximately 7:15 a.m. Eastern Daylight Time and the conference call for 8:30 a.m. Eastern Daylight Time, according to S&P Global. The next date listed in that release is November 27, 2026, when the recorded call replay ends.
The stock still carries a wide range
The primary listing is on the NYSE, where the last available quote was USD 443.16 on October 21, 2026 at 4:00 p.m. EDT. The 52-week range was USD 361.03 to USD 552.25, while market capitalization stood at USD 130.6 billion on October 21, 2026. For investors, the October 27 report must show whether the second-quarter growth profile can withstand the slower revenue assumptions behind the Jefferies target cut.
S&P Global stock was trading at EUR 392.80 at Lang & Schwarz on October 22, 2026 at 10:34 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of S&P Global stock.
S&P Global stock at a glance
- Company: S&P Global Inc.
- ISIN: US78409V1044
- Ticker: SPGI
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 22, 2026, 10:34 a.m. CEST): EUR 392.80
- Market capitalization: USD 130.6 billion (as of October 21, 2026)
- 52-week range: USD 361.03-552.25 (as of October 21, 2026)
- Sector / Industry: Financial Services / Financial - Data & Stock Exchanges
Market context: Market report S&P 500.
