Analyst George Webb of Morgan Stanley maintained a Buy rating on RELX plc, boosting the price target to p4,000.00.
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George Webb’s rating is based on the sustained strong growth trends observed in RELX plc’s performance. The company has maintained its underlying revenue growth rates in line with expectations, with no changes to its segmental or group outlook statements. In particular, the Legal segment is experiencing double-digit growth, driven by the successful adoption of Lexis+ AI and the rapid growth in usage of Protege, which has been positively received in the market.
Additionally, the Risk segment continues to see robust new sales in Business Services and Insurance, while the STM segment benefits from advancements in AI-powered research solutions. With RELX trading at a reasonable price-to-earnings ratio based on future forecasts, these factors collectively contribute to the Buy rating, indicating a favorable outlook for the company’s stock.
According to TipRanks, Webb is ranked #4311 out of 10041 analysts.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p4,017.00 price target.