S&P Global (SPGI) demonstrated significant resilience on January 14, trading slightly higher at $543.90 (+0.32%) despite broader U.S. markets declining sharply due to hotter-than-expected inflation data.
- The stock is supported by a recent multi-year strategic partnership announcement with Google Cloud aimed at accelerating AI transformation.
- Goldman Sachs recently raised its price target to $640, citing structural and cyclical tailwinds supporting debt issuance and ratings revenue growth.
- Valuation concerns persist, as SPGI trades at a high P/E of 38.9x, significantly above its estimated fair multiple of 18.5x.