Morningstar (MORN)
NASDAQ:MORN
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MORN Stock Chart & Stats
$184.28
$0.34(0.11%)
At close: 4:00 PM EST
$184.28
$0.34(0.11%)
Day’s Range― - ―
52-Week Range$149.08 - $316.71
Previous CloseN/A
Volume32.70K
Average Volume (3M)556.25K
Market Cap
$6.74B
Enterprise Value$8.34B
Total Cash (Recent Filing)$532.20M
Total Debt (Recent Filing)$1.91B
Price to Earnings (P/E)17.2
Beta0.83
Next Earnings
Jul 29, 2026EPS Estimate
2.82Next Dividend Ex-DateN/A
Dividend Yield0.84%
Share Statistics
EPS (TTM)9.87
Shares Outstanding38,028,020
10 Day Avg. Volume484,281
30 Day Avg. Volume556,251
Financial Highlights & Ratios
PEG Ratio7.25
Price to Book (P/B)7.45
Price to Sales (P/S)3.72
P/FCF Ratio20.57
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue3.32
Enterprise Value/Gross Profit5.38
Enterprise Value/Ebitda10.78
Forecast
1Y Price Target
$246.00Price Target Upside33.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)11.9
Revenue Forecast (FY)$2.62B
Bulls Say, Bears Say
Bulls Say
Strong Profitability And Cash GenerationMorningstar generates durable, high-margin earnings and consistent cash flow. Robust gross margins (~62%) and sizeable operating and free cash flow provide internal funding for product investment, acquisitions, dividends and buybacks, supporting long-term strategic flexibility and capital returns.
Durable Data Moat And AI IntegrationMorningstar’s decades-deep, curated datasets plus PitchBook integration create a structural barrier to entry. Embedding proprietary data into AI workflows and client tools makes Morningstar indispensable for workflows that require validated historical continuity, sustaining subscription demand and pricing power.
Diversified, Recurring Revenue ModelMorningstar’s mix of subscription fees, licensing, index royalties and asset-based services spreads risk across clients and product types. Recurring contract structures and regulatory/benchmark uses (indexes, retirement) support sticky revenue and steady renewal economics over multiple business cycles.
Bears Say
Rising Leverage And Weakened Equity BaseDebt growth meaningfully increases financial risk and reduces balance-sheet flexibility. With equity down versus 2024 and leverage near 1.9x, Morningstar has less cushion for cyclical revenue shocks or heavy investment spend, raising refinancing and covenant sensitivity over the medium term.
Operating Margin Has Stepped DownA material decline in operating margin signals rising structural costs or investment-driven margin pressure. If higher compensation, amortization and tech spend persist to scale newer products, sustainable profitability may be lower absent revenue mix improvements or efficiency gains, pressuring long-term free cash flow.
Cooling Free Cash Flow MomentumAbsolute cash generation remains healthy, but declining FCF momentum reduces internal funding for growth and capital returns. If discretionary spending or acquisitions continue while FCF growth lags, reliance on debt to maintain buybacks/dividends could stress leverage and capital allocation optionality.
Morningstar News
MORN FAQ
What was Morningstar’s price range in the past 12 months?
Morningstar lowest stock price was $149.08 and its highest was $316.71 in the past 12 months.
What is Morningstar’s market cap?
Morningstar’s market cap is $6.74B.
When is Morningstar’s upcoming earnings report date?
Morningstar’s upcoming earnings report date is Jul 29, 2026 which is in 46 days.
How were Morningstar’s earnings last quarter?
Morningstar released its earnings results on Apr 29, 2026. The company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.407 by $0.773.
Is Morningstar overvalued?
According to Wall Street analysts Morningstar’s price is currently Undervalued.
Does Morningstar pay dividends?
Morningstar pays a Quarterly dividend of $0.5 which represents an annual dividend yield of 0.84%. See more information on Morningstar dividends here
What is Morningstar’s EPS estimate?
Morningstar’s EPS estimate is 2.82.
How many shares outstanding does Morningstar have?
Morningstar has 38,028,020 shares outstanding.
What happened to Morningstar’s price movement after its last earnings report?
Morningstar reported an EPS of $3.18 in its last earnings report, beating expectations of $2.407. Following the earnings report the stock price went down -10.069%.
Which hedge fund is a major shareholder of Morningstar?
Currently, no hedge funds are holding shares in MORN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Morningstar Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$246.00 (33.49% Upside)
$246.00 (33.49% Upside)
Blogger Sentiment
Bullish
MORN Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 167.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $170.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 10.8%
Last 30 Days ▲ 10.8%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-41.21%
12-Months-Change
Fundamentals
Return on Equity
30.01%
Trailing 12-Months
Asset Growth
11.15%
Trailing 12-Months
Company Description
Morningstar
Morningstar, Inc. operates as a leading global provider of independent investment research and insights, catering to clients across North America, Europe, Australia, and Asia. The firm delivers a comprehensive range of services, including sophisticated web-based analytical tools, extensive investment data, and specialized research focusing on fundamental equity, manager selection, and private capital markets. Additionally, Morningstar offers credit and fund ratings, ESG (environmental, social, and governance) ratings, and index solutions. Its product suite also encompasses various investment offerings, such as managed portfolios, data on both publicly traded and private companies, fixed income securities, and real-time global market information. These services are designed to serve a diverse client base, including financial advisors, asset management companies, retirement plan administrators and sponsors, alongside individual and institutional investors. Among its key offerings are: Morningstar Data: A vast repository of investment intelligence, encompassing equity fundamentals, managed investments, ESG factors, and market data. Morningstar Direct: An advanced platform built for in-depth investment analysis. Morningstar Managed Portfolios: A model portfolio service tailored for independent financial advisors, also providing asset allocation strategies for asset managers, broker/dealers, and insurance providers. Morningstar Advisor Workstation: A web-based platform enabling research, financial planning, and the generation of proposals. Morningstar.com: The company's dedicated online portal for individual investors. Furthermore, Morningstar provides Morningstar Enterprise Components and Morningstar Credit Ratings, which offer issuance and surveillance capabilities for structured finance products, corporate credit evaluations, and operational risk assessments. It also creates Morningstar Indexes for developing specialized investment products and offers workplace solutions, including retirement accounts, fiduciary services, allocation funds, and custom models. Through its PitchBook Platform, the company provides a robust research and analysis workstation for investment and research professionals, supplemented by a mobile application, an Excel plug-in, data feeds, and various data solutions. Morningstar, Inc. was founded in 1984 and has its corporate headquarters situated in Chicago, Illinois.
MORN Stock 12 Month Forecast
Average Price Target
$246.00
▲(33.49% Upside)
Technical Analysis
Ownership Overview
38.85% Insiders
18.43% Mutual Funds
10.78% Other Institutional Investors
18.96% Public Companies and
Individual Investors