S&P Global Inc

SPGI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$818.00	Mtsw	Jbsfpqwrcr

S&P Global: Raising Our Fair Value Estimate by 4%

Rajiv Bhatia

Feb 29, 2024

After updating our model, we are raising our fair value estimate on S&P Global to $410 from $395. Relative to our previous model, we are increasing our 2024 revenue estimate by about 1% as we forecast ratings revenue to grow by 9% in 2024 driven by bond issuance recovering and pricing.

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