The Charles Schwab Corporation (NYSE:SCHW) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds.
Photo by Dan Dennis on Unsplash On May 15, Raymond James analyst Patrick O’Shaughnessy raised the firm’s price recommendation on The Charles Schwab Corporation (NYSE:SCHW) to $137 from $126
He reiterated an Outperform rating on the shares. The analyst said the company’s updated financial outlook could lead to another round of positive estimate revisions. He also noted that Raymond James believes the current bear case tied to AI concerns will likely prove overdone.
On the same day, Piper Sandler analyst Patrick Moley raised the firm’s price goal on SCHW to $105 from $103. The analyst kept a Neutral rating on the stock. The firm noted that the shares traded down about 2% that day, even after management raised its revenue outlook, supported by stronger net interest margin expectations heading into year-end.