WallStSmart
SPGI

S&P Global Inc

NYSE: SPGI · FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES

$431.23
-0.45% today

Updated 2026-04-30

Market cap
$128.22B
P/E ratio
27.40
P/S ratio
8.15x
EPS (TTM)
$15.81
Dividend yield
0.89%
52W range
$381 – $576
Volume
2.1M

S&P Global Inc (SPGI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$431.23
Consensus
$567.73
+31.65%
2030 Target
DCF
15 analysts:
10 Buy1 Hold0 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 identified in available data. Management is focused on technology transformation (new CTO appointed) and expanding data analytics offerings, but has not provided explicit forward revenue guidance beyond analyst consensus.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,422.83
Base case (2030)
$862.32
Bear case (2030)
$560.51

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)
Revenue$12.5B$14.2B$15.3B$16.8B$18.1B$19.4B$20.9B
Revenue growth13.7%7.9%9.7%7.4%7.7%7.7%
EPS$12.61$15.71$17.83$19.99$22.50$24.95$27.44
P/S ratio12.0x12.0x12.0x12.0x
Implied price$689.86$732.97$776.09$862.32

Catalysts & risks

Growth catalysts
+ Expansion of private markets data and AI-powered analytics capabilities
+ Technology leadership transformation under new CTO driving margin expansion
+ Growing derivatives and options market activity (particularly SPX 0DTE) supporting index licensing revenue
+ Data partnerships (Syntax ADR integration) and direct indexing penetration
+ Increased adoption of ESG and sustainable finance ratings
Key risks
- Valuation compression risk: P/E of 29x significantly above fair value estimates (17.6x); stock trading 12.5% above intrinsic value
- Services PMI contraction (first in 3+ years as of March 2026) signals macro slowdown affecting client spending
- Competitive pressure in direct indexing and wealth management from MSCI and others
- Regulatory changes impacting credit ratings business and index licensing
- FY2025 revenue growth decelerated to 7.94% (vs. 13.69% in FY2024), suggesting momentum loss

Methodology

S&P Global Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 15 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.