Raymond James Raises Charles Schwab Price Target to $114
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Should l Buy SCHW?
Raymond James analyst Patrick O'Shaughnessy raised the firm's price target on Charles Schwab to $114 from $110 and keeps an Outperform rating on the shares. With high-cost funding largely paid down, Schwab is positioned to reinvest maturing securities at higher yields, largely offsetting net interest margin pressure from Fed Funds cuts, while retail trading and margin utilization remain strong, the analyst tells investors in a research note. Improving net new assets and account growth support a return of capital to shareholders and a clear path to meaningful EPS growth in 2026, with upside to the current valuation, the firm adds.
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Analyst Views on SCHW
Wall Street analysts forecast SCHW stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 97.270
Low
91.00
Averages
116.64
High
148.00
Current: 97.270
Low
91.00
Averages
116.64
High
148.00
About SCHW
The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services, and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds (ETFs), managed investing solutions, alternative investments, banking, and trust.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Morgan Stanley Cuts Schwab Price Target Amid Cautious Outlook
- Price Target Cut: Morgan Stanley analyst Michael Cyprys lowered Schwab's price target from $148 to $135, reflecting a cautious outlook on the overall profitability of the financial sector, although he maintains a buy rating, indicating confidence in the company's long-term prospects.
- Stock Price Movement: Following the announcement, Schwab's shares fell nearly 3% to $94.81, with a market cap of $170 billion, highlighting investor concerns about future profitability, particularly against a backdrop of reduced trading activity.
- Earnings Expectations: Morgan Stanley anticipates that Schwab and its peers will see only modest profitability improvements of 4% to 5% below consensus estimates for 2026 and 2027, reflecting a cautious stance on market activity levels.
- Market Sentiment: Despite the analyst's cautious outlook for Schwab, there are still views suggesting ample capital in the markets and a generally bullish investor sentiment, with Schwab stock seen as a buy opportunity unless a severe global economic slowdown occurs due to the Iran war.
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Morgan Stanley Cuts Schwab Price Target Amid Bearish Sentiment
- Price Target Reduction: Morgan Stanley analyst Michael Cyprys lowered Schwab's price target from $148 to $135, yet he maintains a buy recommendation, indicating confidence in the company's long-term prospects.
- Market Reaction: Following the announcement, Schwab's stock fell nearly 3%, reflecting investor concerns about the overall profitability outlook for the financial sector, particularly in brokerage and securities exchange operations.
- Profitability Expectations: Morgan Stanley anticipates that profitability in the financial sector will be 4% to 5% below consensus estimates for both 2026 and 2027, suggesting that reduced trading activity and client engagement may impact Schwab's earnings.
- Investor Sentiment: Despite cautious market sentiment, there remains ample capital in the securities markets, and analysts believe that unless a severe global economic slowdown occurs due to the Iran war, Schwab stock is still a buy.
See More
Investors Anticipate Q1 Earnings to Propel Market Recovery
- Market Recovery Signal: Following President Trump's suspension of attacks on Iran, the Dow Jones Industrial Average surged over 1,300 points this week, marking its best single-day performance since April 2025, indicating investor confidence in market recovery.
- Earnings Season Outlook: The S&P 500 companies are expected to report a blended earnings growth rate of 12.5% for Q1, marking the sixth consecutive quarter of double-digit growth, with the information technology sector projected to jump 44%, underscoring its significance to the market.
- Risk Warning: Despite the optimistic overall earnings outlook, Delta Air Lines announced it would
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- Price Range Analysis: The IYF ETF has a 52-week low of $100.67 and a high of $133.54, with the latest trade at $121.97, indicating stability and potential investment opportunities in the current market environment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buy or sell signals.
- ETF Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the fund's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed), allowing for assessment of their impact on underlying assets and market dynamics.
See More
Analysts Weigh In on Charles Schwab's Stock Outlook
- Analyst Rating Changes: Chris Allen from Keefe, Bruyette & Woods has initiated coverage on Charles Schwab (NYSE: SCHW) with an 'outperform' rating and a price target of $110 per share, which is nearly 14% above the current stock price, indicating a positive outlook for the company.
- Stock Price Reaction: Following the analyst's bullish rating, Charles Schwab's stock rose nearly 4% during the trading session, reflecting investor confidence in the company's future performance, despite price target reductions from other analysts.
- Competitive Analysis: Although analysts from Barclays and UBS lowered their price targets to $117 and $125 respectively, they maintained 'buy' ratings, suggesting that the overall market sentiment towards Charles Schwab remains positive, highlighting its robust performance in the financial services sector.
- Market Environment Impact: With the securities market continuing to perform well, Charles Schwab is leveraging its diverse offerings, such as wealth management and advisory services, to attract clients, further solidifying its market position and indicating potential for future growth.
See More
Analysts Bullish on Charles Schwab's Outlook
- Analyst Recommendation: Chris Allen from Keefe, Bruyette & Woods has initiated coverage on Charles Schwab with an outperform rating and a price target of $110 per share, which is nearly 14% above the current stock price, likely boosting investor confidence and driving stock appreciation.
- Stock Reaction: Following the positive rating, Charles Schwab's stock surged nearly 4% during the trading session, indicating strong market optimism regarding the company's future performance and reinforcing its position in the financial services sector.
- Competitive Analysis: Despite Allen's bullish outlook, other analysts like Barclays' Benjamin Budish and UBS's Michael Brown have lowered their price targets to $117 and $125 respectively, suggesting a divergence in market sentiment towards the stock.
- Market Environment: With the securities market performing well, Charles Schwab is expected to benefit from its diverse offerings, including wealth management and advisory services, which help attract and retain clients amid a generally positive market trend.
See More
Morgan Stanley Cuts Schwab Price Target Amid Cautious Outlook
- Price Target Cut: Morgan Stanley analyst Michael Cyprys lowered Schwab's price target from $148 to $135, reflecting a cautious outlook on the overall profitability of the financial sector, although he maintains a buy rating, indicating confidence in the company's long-term prospects.
- Stock Price Movement: Following the announcement, Schwab's shares fell nearly 3% to $94.81, with a market cap of $170 billion, highlighting investor concerns about future profitability, particularly against a backdrop of reduced trading activity.
- Earnings Expectations: Morgan Stanley anticipates that Schwab and its peers will see only modest profitability improvements of 4% to 5% below consensus estimates for 2026 and 2027, reflecting a cautious stance on market activity levels.
- Market Sentiment: Despite the analyst's cautious outlook for Schwab, there are still views suggesting ample capital in the markets and a generally bullish investor sentiment, with Schwab stock seen as a buy opportunity unless a severe global economic slowdown occurs due to the Iran war.
See More
Morgan Stanley Cuts Schwab Price Target Amid Bearish Sentiment
- Price Target Reduction: Morgan Stanley analyst Michael Cyprys lowered Schwab's price target from $148 to $135, yet he maintains a buy recommendation, indicating confidence in the company's long-term prospects.
- Market Reaction: Following the announcement, Schwab's stock fell nearly 3%, reflecting investor concerns about the overall profitability outlook for the financial sector, particularly in brokerage and securities exchange operations.
- Profitability Expectations: Morgan Stanley anticipates that profitability in the financial sector will be 4% to 5% below consensus estimates for both 2026 and 2027, suggesting that reduced trading activity and client engagement may impact Schwab's earnings.
- Investor Sentiment: Despite cautious market sentiment, there remains ample capital in the securities markets, and analysts believe that unless a severe global economic slowdown occurs due to the Iran war, Schwab stock is still a buy.
See More
Investors Anticipate Q1 Earnings to Propel Market Recovery
- Market Recovery Signal: Following President Trump's suspension of attacks on Iran, the Dow Jones Industrial Average surged over 1,300 points this week, marking its best single-day performance since April 2025, indicating investor confidence in market recovery.
- Earnings Season Outlook: The S&P 500 companies are expected to report a blended earnings growth rate of 12.5% for Q1, marking the sixth consecutive quarter of double-digit growth, with the information technology sector projected to jump 44%, underscoring its significance to the market.
- Risk Warning: Despite the optimistic overall earnings outlook, Delta Air Lines announced it would
See More
IYF ETF 52-Week Price Fluctuation Analysis
- Price Range Analysis: The IYF ETF has a 52-week low of $100.67 and a high of $133.54, with the latest trade at $121.97, indicating stability and potential investment opportunities in the current market environment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buy or sell signals.
- ETF Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the fund's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed), allowing for assessment of their impact on underlying assets and market dynamics.
See More
Analysts Weigh In on Charles Schwab's Stock Outlook
- Analyst Rating Changes: Chris Allen from Keefe, Bruyette & Woods has initiated coverage on Charles Schwab (NYSE: SCHW) with an 'outperform' rating and a price target of $110 per share, which is nearly 14% above the current stock price, indicating a positive outlook for the company.
- Stock Price Reaction: Following the analyst's bullish rating, Charles Schwab's stock rose nearly 4% during the trading session, reflecting investor confidence in the company's future performance, despite price target reductions from other analysts.
- Competitive Analysis: Although analysts from Barclays and UBS lowered their price targets to $117 and $125 respectively, they maintained 'buy' ratings, suggesting that the overall market sentiment towards Charles Schwab remains positive, highlighting its robust performance in the financial services sector.
- Market Environment Impact: With the securities market continuing to perform well, Charles Schwab is leveraging its diverse offerings, such as wealth management and advisory services, to attract clients, further solidifying its market position and indicating potential for future growth.
See More
Analysts Bullish on Charles Schwab's Outlook
- Analyst Recommendation: Chris Allen from Keefe, Bruyette & Woods has initiated coverage on Charles Schwab with an outperform rating and a price target of $110 per share, which is nearly 14% above the current stock price, likely boosting investor confidence and driving stock appreciation.
- Stock Reaction: Following the positive rating, Charles Schwab's stock surged nearly 4% during the trading session, indicating strong market optimism regarding the company's future performance and reinforcing its position in the financial services sector.
- Competitive Analysis: Despite Allen's bullish outlook, other analysts like Barclays' Benjamin Budish and UBS's Michael Brown have lowered their price targets to $117 and $125 respectively, suggesting a divergence in market sentiment towards the stock.
- Market Environment: With the securities market performing well, Charles Schwab is expected to benefit from its diverse offerings, including wealth management and advisory services, which help attract and retain clients amid a generally positive market trend.
See More
