S&P Global (SPGI) Correction Buying Opportunity

3 months ago

Mark Ren

"And that leads us to stock number four, which is going to be S&P Global, stock ticker SPGI. The company currently has a market cap of $151 billion. Over the past 12 months, shares are up 3% and year-to-date, they're pretty flat, up just 1%. However, when it comes to S&P Global, shares are in a correction of their own, down 14% from their recent 52-week high. Regardless of which company you're looking at, it's always important to look under the hood. This is a high-quality company with a great management team, a strong balance sheet, and growing financial results. At the end of October, the company reported a double beat while also increasing its full-year guidance. Analysts rate the stock a buy with an average 12-month price target of $612 per share, implying over 20% upside from current levels."

The speaker identifies S&P Global as an attractive buy despite a 14% drop from its 52-week high. He emphasizes the company's strong management, balance sheet, and recent double beat in earnings, with a buy rating backed by a 12-month price target hinting at over 20% upside.

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