Nov. 26 at 5:18 PM
$MORN Morningstar: Leading global provider of financial analytics and investment solutions with 35.8% upside potential.
Entry Price - 213.55
Target price - 290.00
Position size - 1%
Risk - High
Horizon - 12 months
Growth potential - 35.8%
What's the idea?
1. The Financial Data and Markets Infrastructure (FDMI) industry is one of the fastest-growing areas of financial services. Global FDMI revenues reached
$278 billion in 2023, growing at an 8% CAGR since 2018.
2. The Morningstar Credit segment, including Morningstar DBRS, grew 35.1% YoY in revenue in 2024 and now spans multiple credit sectors, including structured finance, commercial real estate, and private securitizations, with ongoing investments to expand capabilities.
3. Morningstar Retirement is the company’s most profitable segment, with an adjusted operating margin of over 51%. Its AUMA reached
$275.9 billion, up 19.7% YoY, with a CAGR of 13.6% in 2018–2024. Retirement offerings include Managed Accounts.
