What changed
$SPGI — BUY 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $4.2B | EPS $4.97 vs $4.82 🟢 | Margin 49.7%
💡 Consensus expects cyclical pressure on issuance volumes and a mid-single-digit growth trajectory, but SPGI's diversified subscription revenue and pricing power can sustain high-single-digit EPS growth even in a flat issuance environment.
📉 Reward/risk: 3.3:1
🏢 Business Quality: 8/10 - Deep moat from regulatory barriers in credit ratings, high switching costs in indices and market data, strong recurring revenue, and leading market share.
📊 Valuation: cheap on forward basis (21x vs. historical 27x and peer MCO at ~25x), fair on trailing (27x).
🔮 Catalyst: Consensus analyst estimate upgrades and Q2 earnings preview showing sustained momentum
💰 Entry: $410.92, stop $390.0, target $480.0
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/SPGI0619