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  • Overview
  • Forecast
  • Valuation
  • Earnings
High
278.410
Open
276.820
VWAP
275.56
Vol
68.92K
Mkt Cap
12.01B
Low
271.040
Amount
18.99M
EV/EBITDA(TTM)
4.59
Total Shares
42.75M
EV
12.31B
EV/OCF(TTM)
22.99
P/S(TTM)
5.34
Morningstar, Inc. is a provider of independent investment insights in North America, Europe, Australia, and Asia. Its segments include Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, and Morningstar Retirement. The Morningstar Data and Analytics segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment provides investors with access to a broad collection of data and research covering the private capital markets. Morningstar Wealth segment brings together its model portfolios and wealth platform; practice and portfolio management software for registered investment advisers; data aggregation and enrichment capabilities; and others. Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals.
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2 Analyst Rating
up Image
28.57% Upside
Wall Street analysts forecast MORN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MORN is 352.50 USD with a low forecast of 350.00 USD and a high forecast of 355.00  USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
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28.57% Upside
Current: 274.165
sliders
Low
350.00
Averages
352.50
High
355.00
BMO Capital
Outperform
maintain
$339 -> $355
2025-05-12
Reason
BMO Capital raised the firm's price target on Morningstar to $355 from $339 and keeps an Outperform rating on the shares after attending its shareholder meeting. The tone on margin expansion was a bit better looking out, and the firm also got greater comfort from Morningstar management on the growth strategy in key business lines, the analyst tells investors in a research note.
BMO Capital
Jeff Silber
Buy
Maintains
$387 → $370
2025-03-03
Reason
BMO Capital lowered the firm's price target on Morningstar to $370 from $387 but keeps an Outperform rating on the shares. The company's Q4 results topped consensus, driven by Credit outperformance, while its revenue growth and margin expansion was better than thought across most operating segments, the analyst tells investors in a research note. Morningstar's Data & Analytics business saw slower growth and margin contraction however, the firm added.
Redburn Atlantic
Russell Quelch
Strong Buy
to
Hold
Downgrades
$340
2024-10-09
Reason
Redburn Atlantic analyst Russell Quelch downgraded Morningstar to Neutral from Buy with an unchanged price target of $340. The company's licenced-based revenue growth has decelerated to its slowest pace since 2019, while its productivity levels screen as low versus peers, the analyst tells investors in a research note. The firm believes management needs to refocus on investments to reinvigorate recurring revenue growth and improve returns. Redburn is cautious in recommending the stock to investors as the business enters a potential period of reinvestment which will weigh on free cash flow and returns.
UBS
Alex Kramm
Strong Buy
Initiates
$390
2024-10-08
Reason
UBS initiated coverage of Morningstar with a Buy rating and $390 price target. The combination of an "attractive" end market, exposure to key growth areas, and a cyclical recovery will lead to double-digit sales growth in the near term, at the high end of the peer group, the analyst tells investors in a research note. The firm says that with margins far below its primary comps, there is "significant earnings power to be unlocked on the cost side over time" for Morningstar. With the stock being fairly uncovered by the sell-side, the company's "strong financial outlook may be not be fully appreciated by the Street," adds UBS.
BMO Capital
Jeff Silber
Buy
Maintains
$352
2024-08-28
Reason
BMO Capital
Jeff Silber
Buy
Initiates
$352
2024-08-12
Reason

Valuation Metrics

The current forward P/E ratio for Morningstar Inc (MORN.O) is 31.16, compared to its 5-year average forward P/E of 34.50. For a more detailed relative valuation and DCF analysis to assess Morningstar Inc 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PE
34.50
Current PE
31.16
Overvalued PE
63.39
Undervalued PE
5.60

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
16.11
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
26.64
Undervalued EV/EBITDA
5.59

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
3.75
Current PS
0.00
Overvalued PS
6.20
Undervalued PS
1.30

Financials

Annual
Quarterly
FY2025Q2
YoY :
+5.81%
605.10M
Total Revenue
FY2025Q2
YoY :
+1793.66%
2.15B
Operating Profit
FY2025Q2
YoY :
+28.31%
90.20M
Net Income after Tax
FY2025Q2
YoY :
+30.62%
2.09
EPS - Diluted
FY2025Q2
YoY :
-48.34%
62.40M
Free Cash Flow
FY2025Q2
YoY :
+2.69%
53.88
Gross Profit Margin - %
FY2025Q2
YoY :
-100.00%
N/A
FCF Margin - %
FY2025Q2
YoY :
+21.77%
14.71
Net Margin - %
FY2025Q2
YoY :
-100.00%
N/A
ROIC

Trading Trends

Insider
Insiders areSelling! The selling amount has increased 268.71% over the last month.
Sold
0-3
Months
30.4M
USD
19
3-6
Months
8.3M
USD
5
6-9
Months
27.3M
USD
19
0-12
Months
75.8M
USD
45
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areBuying! The buying amount has increased 395.58% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
2.6K
Volume
2
6-9
Months
16.3K
Volume
2
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
2
3.4K
Volume
Months
6-9
2
679.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

MORN News & Events

Events Timeline

2025-07-30 (ET)
2025-07-30
16:26:11
Morningstar reports Q2 adjusted EPS $2.40, consensus $2.19
select
2025-04-30 (ET)
2025-04-30
16:39:03
Morningstar reports Q1 adjusted EPS $2.23 vs $1.73 last year
select
2025-03-04 (ET)
2025-03-04
09:34:49
Morningstar announces acquisitions of Lumonic, Dealview Technologies
select
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News

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2.0
07-24WSJ
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FAQ

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The current price of MORN is 274.165 USD — it has decreased -3.54 % in the last trading day.

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