Moody's Corporation (MCO) shares hit a new 52-week high on Thursday, January 15, 2026. This surge followed Wells Fargo & Company increasing its price target on the stock.
Wells Fargo raised the target from $620.00 to $660.00, while maintaining an overweight rating. During the session, MCO traded as high as $541.52 before closing at $539.61.
The positive analyst action stems from Moody's recent strong financial performance. The company reported quarterly earnings of $3.92 per share, surpassing the consensus estimate of $3.70.
Quarterly revenue also proved strong, reaching $2.01 billion. This represented a 10.7% increase year-over-year and beat analyst expectations.