BMO Capital raised its price target on Moody's Corporation to $561 from $507. The firm maintained a Market Perform rating on the stock.
This adjustment follows Wells Fargo & Company, which lifted its target price to $660 earlier this month.
A Moody's report projects the private credit market will exceed $2 trillion in assets in 2026. The market could reach $4 trillion by 2030.
Asset-backed finance drives this growth as alternative asset managers increase funding for consumer loans and data infrastructure credit. Institutional investors are adjusting their holdings in the company.