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Charles Schwab (SCHW) Stock Forecast & Price Target

$62.08
-0.19 (-0.31%)
(As of 07/19/2024 ET)

Charles Schwab - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 15 Wall Street analysts who have issued ratings for Charles Schwab in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 2 have given a sell rating, 5 have given a hold rating, and 8 have given a buy rating for SCHW.

Consensus Price Target

$75.07
20.92% Upside
High Forecast$90.00
Average Forecast$75.07
Low Forecast$52.00

According to the 15 analysts' twelve-month price targets for Charles Schwab, the average price target is $75.07. The highest price target for SCHW is $90.00, while the lowest price target for SCHW is $52.00. The average price target represents a forecasted upside of 20.92% from the current price of $62.08.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
13 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$75.07$74.65$74.47$69.91
Forecasted Upside20.92% Upside8.19% Upside8.77% Upside18.42% Upside
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SCHW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SCHW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Charles Schwab Stock vs. The Competition

TypeCharles SchwabFinance CompaniesS&P 500
Consensus Rating Score
2.40
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside21.52% Upside37.69% Upside9.99% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$82.00 ➝ $78.00+22.26%
7/17/2024Barclays
2 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$77.00 ➝ $68.00+7.39%
7/17/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Lower TargetBuy ➝ Buy$84.00 ➝ $79.00+23.13%
7/17/2024Bank of America
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 Lower TargetUnderperform ➝ Underperform$72.00 ➝ $66.00-2.11%
7/17/2024TD Cowen
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 Reiterated RatingBuy ➝ Hold$88.00 ➝ $71.00+5.31%
7/11/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$73.00 ➝ $71.00-6.46%
7/9/2024UBS Group
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 Lower TargetBuy ➝ Buy$91.00 ➝ $90.00+20.76%
7/8/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$85.00 ➝ $88.00+20.27%
7/8/2024Keefe, Bruyette & Woods
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K. Voigt
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UpgradeMarket Perform ➝ Outperform$76.00 ➝ $84.00+14.75%
5/28/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$80.00 ➝ $80.00+12.34%
4/12/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$75.00 ➝ $78.00+10.47%
4/11/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $75.00+5.47%
1/18/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$78.00 ➝ $75.00+18.26%
1/3/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Neutral$70.00 ➝ $71.00+2.75%
12/1/2023Redburn Atlantic
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 Initiated CoverageSell$52.00-15.20%
7/19/2023Argus
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 Boost Target$70.00 ➝ $81.00+22.76%
6/26/2023Wolfe Research
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 Lower Target$62.00 ➝ $60.00+12.85%
4/20/2023Redburn Partners
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 DowngradeNeutral ➝ Sell
3/15/2023Credit Suisse Group
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 UpgradeNeutral ➝ Outperform$81.50 ➝ $67.50+19.09%
1/17/2023William Blair
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J. Schmitt
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Reiterated RatingOutperform
10/5/2022Erste Group Bank
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 UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:04 AM ET.

SCHW Forecast - Frequently Asked Questions

What is Charles Schwab's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Charles Schwab is $75.07, with a high forecast of $90.00 and a low forecast of $52.00.

Should I buy or sell Charles Schwab stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SCHW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCHW, but not buy additional shares or sell existing shares.

Does Charles Schwab's stock price have much upside?

According to analysts, Charles Schwab's stock has a predicted upside of 9.35% based on their 12-month stock forecasts.

Has Charles Schwab been upgraded by Wall Street analysts recently?

Over the previous 90 days, Charles Schwab's stock had 1 upgrade by analysts.

What analysts cover Charles Schwab?
Do Wall Street analysts like Charles Schwab more than its competitors?

Analysts like Charles Schwab less than other "finance" companies. The consensus rating score for Charles Schwab is 2.40 while the average consensus rating score for "finance" companies is 2.45. Learn more on how SCHW compares to other companies.


This page (NYSE:SCHW) was last updated on 7/20/2024 by MarketBeat.com Staff

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