MS
Morgan Stanley
NYSE: MS · FINANCIAL SERVICES · CAPITAL MARKETS
$214.04
+0.65% today
Updated 2026-06-12
Market cap
$339.08B
P/E ratio
19.46
P/S ratio
4.63x
EPS (TTM)
$11.05
Dividend yield
1.90%
52W range
$124 – $217
Volume
5.8M
Morgan Stanley (MS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed MS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$214.04
Today
Analyst consensus
$206.26
-3.63% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
23 analysts:
12 Buy11 Hold1 Sell
Management guidance
No specific CEO revenue targets found in provided data. Management has not issued explicit revenue guidance for 2026-2030 period. Recent guidance focused on strategic initiatives (crypto trading on E*TRADE, emerging market opportunities) rather than quantified revenue targets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
MS · Morgan Stanley · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
MS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $115.0B | $79.7B | $86.5B | $88.9B | $95.2B | $102.1B |
| Revenue growth | 11.5% | 13.3% | 8.5% | 6.7% | 7.1% | 7.3% |
| Net margin | — | — | — | — | — | — |
| EPS | $10.21 | $12.22 | $13.42 | $13.85 | $14.92 | $16.08 |
| Diluted shares | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $152.88 | $171.99 | $169.21 | $188.01 | $188.01 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $102.1B | $102.1B | $102.1B |
| P/S multiple | 1.0x | 2.0x | 4.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because MS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
MS catalysts and risks
Growth catalysts
+ Crypto trading expansion on E*TRADE platform driving new revenue streams and client engagement
+ Capital markets recovery and M&A acceleration driven by AI infrastructure investments ($10B+ deals in pipeline)
+ Emerging markets exposure (China recovery thesis, favorable stance through Q2 2027) with upside potential
Key risks
- Economic downturn reducing capital markets activity and M&A volumes
- Regulatory headwinds on crypto operations or capital markets practices
- Geopolitical tensions (US-Iran, US-China trade) impacting trading volatility and client risk appetite
Methodology · Morgan Stanley 2030 stock forecast model
Morgan Stanley 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for MS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 13, 2026.
MS price target FAQ
How is the Morgan Stanley 2030 stock forecast calculated?
The MS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on MS stock?
23 analysts cover MS with an average 12-month price target of $206.26. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.