Moody’s price target raised to $404 from $350 at RBC Capital

RBC Capital analyst Ashish Sabadra raised the firm’s price target on Moody’s to $404 from $350 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s proprietary data, analytics, and research, combined with Microsoft’s (MSFT) GenAI technology and Azure OpenAI Service, helped launch Moody’s Research Assistant, which should help propel its risk offerings and position well to accelerate revenue growth for Moody’s Analytics, the analyst tells investors in a research note.