Morgan Stanley Analysts Cut Their Forecasts After Q3 Results

Morgan Stanley (NYSE:MS) on Wednesday reported better-than-expected third-quarter 2026 results.

The bank reported quarterly earnings of $3.03 per share, beating the analyst consensus estimate of $2.92. Revenue rose to $20.34 billion, topping Wall Street’s estimate of $19.95 billion.

Institutional Securities generated $10 billion in net revenue, supported by strong equity trading and higher completed mergers and acquisitions.

Equity revenue climbed 41% to $5.8 billion, driven by increased client activity across regions, particularly in Asia.

Morgan Stanley shares fell 1.1% to trade at $179.63 on Thursday.

These analysts made changes to their price targets on Morgan Stanley following earnings announcement.

• Keefe, Bruyette & Woods analyst Christopher McGratty reiterated the stock with an Outperform rating and lowered the price target from $250 to $230.
• Evercore ISI Group analyst Glenn Schorr maintained the stock with an Outperform rating and cut the price target from $215 to $205.
• Wells Fargo analyst Mike Mayo maintained the stock with an Equal-Weight rating and lowered the price target from $223 to $217.
• TD Cowen analyst R. Scott Siefers maintained the stock with a Hold and lowered the price target from $210 to $205.
• RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform and lowered the price target from $243 to $195.

Considering buying MS stock? Here’s what analysts think:

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