The Charles Schwab Corporation

(New York Stock Exchange)
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Bullish +75

TD Cowen raises target for Charles Schwab stock to USD 129

Analyst upgrade AI-generated analysis

πŸ“ˆ TD Cowen raised its Charles Schwab price target from USD 128 to USD 129 on October 12, 2026, keeping a Buy rating.

πŸ“ˆ Morgan Stanley increased its target from USD 136 to USD 141 on October 9, 2026, maintaining an Overweight rating.

πŸ’° Second-quarter 2026 revenue reached USD 7.07 billion, exceeding the USD 6.90 billion consensus estimate.

πŸ“Š Adjusted earnings per share were USD 1.54, beating the USD 1.56 analyst expectation by USD 0.06.

πŸ† The company reported a net profit margin of 40.00% and net income of USD 2.80 billion for Q2 2026.

πŸ“… Charles Schwab is scheduled to release third-quarter 2026 results on October 15, 2026.

πŸ“‰ The stock trades at EUR 87.30 (approx USD equivalent) with a market cap of USD 168.8 billion as of October 12.

🎯 Analysts are monitoring whether revenue can remain above the USD 7.00 billion level in Q3.

πŸ“ˆ Revenue grew 20.9% year over year in the second quarter of 2026.

Bullish Signals
  • TD Cowen raised its price target for Charles Schwab from USD 128 to USD 129 on October 12, 2026, maintaining a Buy rating ahead of Q3 earnings.
  • Morgan Stanley increased its price target from USD 136 to USD 141 on October 9, 2026, keeping an Overweight rating.
  • Second-quarter 2026 revenue reached USD 7.07 billion, surpassing the consensus estimate of USD 6.90 billion.
  • Adjusted earnings per share of USD 1.54 exceeded analyst expectations of USD 1.56 by USD 0.06.
  • The company achieved a robust net profit margin of 40.00% and reported net income of USD 2.80 billion in Q2 2026.
  • Revenue grew 20.9% year over year in the second quarter, demonstrating strong top-line momentum.
Full Analysis
TD Cowen raised its price target for Charles Schwab from USD 128 to USD 129 on October 12, 2026, maintaining a Buy rating ahead of the company's scheduled Q3 earnings release on October 15. This adjustment follows a separate analyst move by Morgan Stanley, which increased its target from USD 136 to USD 141 on October 9 with an Overweight rating, highlighting a valuation spread between major institutions. Charles Schwab reported strong second-quarter 2026 performance with revenue reaching USD 7.07 billion, surpassing the consensus estimate of USD 6.90 billion by approximately 2.4%. Adjusted earnings per share were USD 1.54, exceeding analyst expectations of USD 1.56, while adjusted EPS figures previously stood at USD 1.62 for the quarter. The company achieved a net profit margin of 40.00% and reported net income of USD 2.80 billion. Analysts are now focused on whether Charles Schwab can sustain revenue growth above the USD 7.00 billion level in the upcoming third-quarter update. With a market capitalization of USD 168.8 billion as of October 12, the stock is trading within its 52-week range between USD 83.96 and USD 114.53, reflecting investor interest in the financial services sector's capital markets division.