Corona, the world’s most valuable beer brand1, today announced the return of its annual global beach guide, the 2026 Corona Beach 100, ahead of World Oceans Day on June 8. The highly anticipated second edition spotlights 100 breathtaking and varied ocean-front destinations around the world while celebrating the natural ecosystems and local communities that help bring them to life.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604412899/en/
2026 Corona Beach 100 - Legzira Beach, Morocco
Connected to Corona’s “This Is Living” platform, which invites consumers to step outside and live life to the fullest this summer, the 2026 guide features 27 new beaches, hundreds of localized Tripadvisor travel experiences inspired by the world’s most breathtaking coastlines, and expanded Beach 100 Grants with Oceanic Global – all inviting people to answer “Living Is Calling” through exploration, connection, and conservation.
“Following the incredible global response to Beach 100’s first year, we saw an opportunity to build on that momentum and evolve the platform even further for 2026,” said Clarissa Pantoja, Global VP of Corona. “The guide is about much more than exploring the world’s most beautiful beaches – it’s about celebrating and preserving the ecosystems that make them so special. Through Beach 100, we want to inspire people to step outside, disconnect from the everyday, and reconnect with nature through Corona’s ‘This Is Living’ mindset.”
The 2026 Corona Beach 100
The 2026 Corona Beach 100 showcases beaches across six continents, spanning hidden Mediterranean coves, legendary South American shores, remote jungle-access coastlines, and globally iconic destinations. Each beach was selected based on local insights tied to its natural beauty, cultural character, and ability to inspire a deeper connection with nature and the outdoors.
Within the selection process, each beach was evaluated across three core criteria: Beachside Culture, Connection to Nature and Scenic Aesthetics. Developed in partnership with experiential agency, WINK, the 2026 list is anchored by 20 “Three Sun” beaches, the highest ranking within the Beach 100 platform, including new additions such as Praia do Bonete in Brazil and Plage de la Dune du Sud in Canada.
Beach 100 list highlights for 2026 include:
27 new beaches, adding a fresh variety of coastlines and an even deeper connection to conservation-focused destinations. South America emergence as the biggest regional gainer, including Uruguay’s first-ever entries with Playa Mansa and Playa Sur, and Argentina’s Bahia Bustamante. A broader definition of paradise featuring harder-to-reach locales, such as Brazil’s Praia da Engenhoca, and France’s Dune du Pyla, Europe’s tallest sand dune. Expanded locations across Africa, including Mozambique’s Tofo Beach making its debut, alongside South Africa’s Wilderness Beach. Additional surf destinations and globally iconic coastlines, including New Zealand’s Manu Bay – one of the world’s most celebrated surfing spots – and Barafundle Bay, Wales’ first Beach 100 entry. To explore the full interactive 2026 Beach 100 list, and learn more about the “This is Living” global platform, visit www.Corona.com/Beach100.
Experience “This Is Living” with Tripadvisor
As part of Corona’s “This Is Living” platform, the brand launched “Living Is Calling,” a global call to action inviting people to put living first by stepping outside and reconnecting with nature. Through a partnership with Tripadvisor featuring access to more than 300,000 experiences across 30 countries, the campaign inspires consumers to embrace meaningful moments in travel, the outdoors, and the natural world.
Bringing that spirit to life, Corona and Tripadvisor have curated nature-led experiences inspired by select Beach 100 destinations. From snorkeling in Italy to surfing in Peru, these itineraries are designed to deepen travelers’ connection to nature while highlighting local conservation efforts that help protect paradise.
Through Corona’s global promotion, consumers of legal drinking age can scan QR codes on Corona packaging for the chance to win experiences inspired by the Beach 100 guide. World Oceans Day will serve as a key moment to spotlight select conservation-led itineraries that encourage more mindful exploration.
To learn more about participating markets and how to answer the call of “Living Is Calling,” visit www.corona.com/LivingIsCalling.
Protecting Paradise: The Beach 100 Grant Initiative
Building on its long-standing collaboration with Oceanic Global, Corona is expanding the Beach 100 Grants program to provide direct funding to local NGOs that help protect critical marine ecosystems, including mangroves, coral reefs, and more. The initiative supports locally led conservation efforts designed to help preserve paradise for generations to come.
During World Oceans Week, as part of the Living is Calling campaign, Corona and Oceanic Global will also release a new content series, Ocean is Living, highlighting the inherent connection between beaches and the oceanic world. Featuring ecosystems such as coral reefs, mangrove forests, seagrass meadows, and the open ocean, the film reinforces that paradise is more than a destination – it is a living system worth protecting. The initiative will also feature social content spotlighting the ecosystems and local grant projects surrounding four select Beach 100 locations.
“Over 71% of Earth is ocean. It produces more than half the oxygen we breathe, feeds millions, and supports all life, including our own,” said Natasha Berg, Director of Communications, Oceanic Global. “Together with Corona, we're reminding the world that Paradise doesn't stop at the shoreline, and that protecting the ocean protects the entirety of our blue planet.”
To learn more about the 2026 Beach 100 Grants and the four spotlight locations, visit www.corona.com/paradiseprotected.
1 Kantar’s BrandZ 2026 Global Rankings
About Corona Global
Corona, an AB InBev global brand, is the iconic beer brand that is synonymous with paradise with a presence in 180 countries. Recognized as the world’s most valuable beer brand in Kantar’s BrandZ global 2025 rankings*, Corona invites the world outside, beckoning you to reconnect with your essential nature and embrace the simple pleasures of life. But it's not just about the beer – it's about the ritual. The ritual of adding a slice of lime to your Corona, an experience that elevates the moment. Corona isn't just a beverage; it's nature in a bottle. And we strive to help protect nature and have become the first global beverage brand with a net-zero plastic footprint. This builds on our longstanding ambition to help protect the world’s oceans and beaches from plastic pollution. Every sip of Corona is a celebration of nature and the beauty of the world around us.
* Corona is not sold by AB InBev in the United States.
About Oceanic Global
Founded in 2016, Oceanic Global (OG) reconnects humanity to the ocean as the beating heart of the earth, and provides tangible solutions and blueprints for coexisting in harmony with the natural world. The 501c3 non-profit builds tools, mobilizes communities, and develops educational resources and standards that inspire global action and catalyze cross-sector change. In 2018, Oceanic Global launched the Blue Standard (Blue), a first-of-its-kind cross industry standard that establishes universal accountability for responsible business leadership, with over 500 + global businesses in 55+ countries and 7 global governments engaged to date. Oceanic Global is based in New York with international hubs and volunteer bases in New York, London, Los Angeles, Barcelona, Tulum, and Hong Kong. Reflective of its global reach, the organization has additionally been the official non-profit and production contributor to United Nations World Oceans Day since 2019. | www.oceanic.global
About AB InBev
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Beer is the drink for moderation, and for over a century, AB InBev has championed responsible drinking. We are committed to providing our consumers with balanced choices to enjoy on any occasion. We also invest in marketing that aims to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption through evidence-based initiatives. Our diverse portfolio of well over 400 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 137 000 colleagues based in more than 40 countries worldwide. For 2025, AB InBev’s reported revenue was 59.3 billion USD (excluding JVs and associates).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260604412899/en/
‘Cheers to Bars’ Global Platform Calls for People to Gather and Celebrate at Bars Everywhere
LONDON--(BUSINESS WIRE)--Today, AB InBev, the world’s leading brewer, launched its global “Cheers to Bars” platform – a celebration of local bars and their impact on communities all over the world.
Bars have always been more than places to grab a beer. They are where people come together to connect, celebrate milestones, build friendships, and create lasting memories. As hubs of social connection, bars play an important role in strengthening communities and bringing people closer together.
“During the FIFA World Cup 2026™, bars will become the beating heart of every neighborhood – places where strangers become friends, every goal is celebrated as one, and collective memories are created with every raised glass,” said Michel Doukeris, CEO, AB InBev. “Beer and football have long been catalysts for bringing people together to create moments of joy and belonging. Nowhere is this spirit of beer and football more alive than in bars, where they share a special place in culture.”
The FIFA World Cup 2026™ will be the biggest ever, and AB InBev’s global megabrands Michelob ULTRA and Budweiser are serving as official beer sponsors.
Beyond its sponsorship of the tournament, AB InBev is introducing trade programs that help support and elevate bar owners as well as also debuting a new “Cheers to Bars” anthem film. Produced in partnership with creative agency GUT, the film pays tribute to the energy, passion, and human connections that only bars can create.
Around the world, celebrations will support local bars:
AB InBev is hosting 200,000 watch parties across more than 40 countries, transforming bars into the ultimate match-day destination. In the U.S., Stella Artois is launching “Work From Bar,” reimbursing up to $100,000 for fans 21+ who enjoy a Stella Artois 0.0 or Stella Artois while watching weekday FIFA World Cup 2026™ matches from their local bar. In Brazil, Ambev will invest more than R$100 million in 2026 to provide mentoring and financial solutions for entrepreneurs at up to 250,000 points of sale across the country. To promote beer as a beverage of moderation, events will feature no- and low-alcohol options alongside responsible beverage service training that equips servers with best practices for a safe and elevated consumer experience.
Together with partners around the world, AB InBev’s “Cheers to Bars” platform celebrates the social and economic role local bars play in communities everywhere.
As billions of fans come together to cheer for the beautiful game during the FIFA World Cup 2026™, bars will continue to play an essential role in bringing people closer, creating moments of joy, belonging, and shared passion.
About AB InBev
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Beer is the drink for moderation, and for over a century, AB InBev has championed responsible drinking. We are committed to providing our consumers with Balanced Choices to enjoy on any occasion. We also invest in marketing that aims to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption through evidence-based initiatives.
Our diverse portfolio of well over 400 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 137 000 colleagues based in more than 40 countries worldwide. For 2025, AB InBev’s reported revenue was 59.3 billion USD (excluding JVs and associates).
Shanghai, China, June 10, 2026 (GLOBE NEWSWIRE) -- Budweiser China, together with the Shanghai Association of Foreign Investment, co-hosted the “Global Nighttime Economy Dialogue—Igniting Nightlife in Shanghai” on the opening day of 2026 “Shanghai Tonight,” bringing together global experts, government representatives, academics and business leaders to explore how Shanghai can further unlock the value of its night-time economy through international collaboration, major cultural and sporting IPs, and experience-led consumption.
The dialogue highlighted Budweiser China’s growing role as a connector between global platforms and local consumer experiences. As Shanghai continues to rank first in China’s night-time economy index for five consecutive years, the discussion focused on how multinational companies can help the city move beyond extending business hours to creating richer, more sustainable urban experiences after dark.
A Global Conversation, Grounded in Local Realities
The Shanghai dialogue brought together a group of practitioners who have spent years shaping the night-time economy in cities across the world.
Participants included Liu Min, Deputy Director General of the Shanghai Municipal Commission of Commerce; Shen Danna, Vice Mayor of Huangpu District; Qiu Wen, Director of the Huangpu District Commission of Commerce and Huang Feng, President of the Shanghai Foreign Investment Association. International experts included Andreina Seijas, Founder of Night Tank and Academic Lead of the World Economic Forum’s 24-Hour Economy Initiative; Michael Kill, CEO of the Night Time Industries Association and Vice President of the International Nightlife Association; Ariel Palitz, Nightlife Advisor to the New York City Hospitality Alliance and former Executive Director of the New York City Office of Nightlife; Merlijn Poolman, Founder of the Dutch Night Mayor Foundation and former Night Mayor of Groningen; and Lutz Leichsenring, Co-Founder of VibeLab and former Spokesperson of the Berlin Club Commission.
Representatives from academia and media included Yang Yudong, Editor-in-Chief of Yicai Media Group and China Business News; Zhang Yina, Associate Dean and Professor at the School of Social Development and Public Policy, Fudan University, and Director of the Fudan Consumption Big Data Laboratory; Cao Yixia, Research Fellow at the Institute of Applied Economics, Shanghai Academy of Social Sciences; and Liu Chang, Head of Content and Agenda at the World Economic Forum. Corporate representatives included Craig Katerberg, Chief Legal and Corporate Affairs Officer of Budweiser APAC; Rohan Chindooroy, Global Director of Economic and Government Affairs at AB InBev and Konnie Zhu, Vice President of Corporate Affairs at Budweiser China.
The discussion focused on two central questions: how the night economy can empower the high-quality development of Shanghai's service industry, and how to activate the international appeal of the night economy to help build an international consumption hub.
Participants exchanged views on public-private collaboration, community engagement, the integration of culture, commerce, tourism, sports and exhibitions, and the challenge of adapting successful international models to local realities. Representatives from AB InBev also shared insights drawn from the company's global experience supporting night-time economy initiatives, highlighting lessons from international markets and examples of how global platforms can be adapted to local contexts.
While approaches differ from city to city, a common theme emerged: thriving night-time economies are rarely built by government or business alone. They depend on collaboration across sectors, long-term planning and a steady supply of experiences that give people reasons to stay, explore and connect.
The Growing Role of Global Companies in Local Economies
The role of multinational companies emerged as a recurring theme throughout the discussion.
The topic was further explored in a joint report released during the event by Budweiser China and the Fudan University Consumer Market Big Data Laboratory. The report, named Shanghai Nighttime Economy High-Quality Development Special Report, examined the relationship between consumption patterns, nighttime lifestyles and urban economic activity, highlighting how international companies like Budweiser China can contribute by introducing global IPs, connecting consumption scenarios and helping create destinations that attract both residents and visitors.
From left to right: Konnie Zhu, Vice President of Corporate Affairs at Budweiser China; Shen Danna, Deputy Head of Huangpu District Government; Liu Min, Deputy Director of Shanghai Municipal Commission of Commerce; Professor Zhang Yina, Vice Dean and Professor at the School of Social Development and Public Policy, Fudan University, and Director of the Fudan Consumer Market Big Data Laboratory
Huang Feng, President of the Shanghai Association of Foreign Investment, noted that multinational companies are becoming increasingly important partners in urban development.
“The prosperity of the night economy cannot be separated from multinational companies with global vision and deep local cultivation capabilities. Budweiser China's deep integration of top international IPs with Shanghai's local consumption ecosystem has not only enriched the nighttime choices for citizens but also set a benchmark for foreign enterprises participating in urban economic development." he said.
Andreina Seijas, Founder of international consultancy Night Tank, said: “The most successful 24-hour cities are those that view the night not as a separate economy, but as an extension of urban life. Shanghai has a unique opportunity to leverage its cultural assets, public spaces and global appeal to build a more vibrant, inclusive and resilient city after dark.”
From Global IPs to Local Experiences
AB InBev has also maintained a long-term dialogue with the city, participating in the Shanghai Mayor's International Business Leaders' Advisory Council (IBLAC) for five consecutive years, where issues such as consumption growth and the night-time economy have increasingly featured on the agenda.
The discussion highlighted a broader trend shaping night-time economies worldwide: the growing use of major cultural and sporting IPs to create destination experiences that extend beyond traditional retail and hospitality.
Budweiser China's experience offers some examples of that approach.
Through its "Mega Brands, Mega Platforms" strategy, the company has spent years connecting global music, sports and entertainment properties with local consumer experiences. The goal is not simply to sponsor events, but to create platforms that bring together culture, commerce and community.
In 2025, Budweiser introduced Tomorrowland, one of the world's best-known electronic music festivals, to China. The event attracted visitors from both China and overseas, extended visitor stays in Shanghai and generated additional spending across hospitality, dining and retail sectors.
During the FIFA Club World Cup 2025, Budweiser launched its "Glory Home" pop-up activation on Shanghai's Nanjing Road Pedestrian Street, combining sports fandom, entertainment and retail in a single destination, achieving substantial on-demand retail growth.
Looking ahead, the company is preparing a series of large-scale initiatives tied to the 2026 FIFA World Cup, including public viewing events and immersive fan experiences designed to bring people together through shared passions.
These efforts coincide with broader changes taking place across Shanghai's night-time economy. As the city's five popular night-time economy zones continue to evolve, consumer demand is becoming increasingly experience-driven, creating new opportunities for businesses, cultural institutions and city stakeholders alike.
Building an All-Hours Economy
For Craig Katerberg, Chief Legal and Corporate Affairs Officer of Budweiser APAC, the significance of the night-time economy extends beyond individual events or brands.
“We are proud to host global experts who are leading and innovating the night-time economy. At AB InBev, we believe high-quality night-time economies are built around meaningful experiences that bring people together and create long-lasting connections and moments," said Katerberg. "Through our Mega Brands, Mega Platforms strategy, we connect global platforms with local consumers to create vibrant night-time experiences that grow local businesses, enliven urban culture and create a future with more cheers."
Katerberg added that AB InBev will continue facilitating night-time economy exchanges that feature global best practices and that showcase Shanghai’s role in growing the night-time economy for people to enjoy experiences together.
As Shanghai continues to experiment with new models for nighttime consumption, many participants believe its experience may offer useful lessons for other cities across China.
The broader consensus emerging from the dialogue was that the future of the night-time economy will depend less on extending operating hours and more on creating meaningful reasons for people to engage with cities after dark. Achieving that goal will require cooperation among governments, businesses, academic institutions and local communities.
With top global events like the 2026 FIFA World Cup approaching, Shanghai's nighttime consumption is poised to enter a new phase of growth, creating fresh opportunities for collaboration among governments, businesses and local communities.
Against this backdrop, industry observers note that multinational companies represented by AB InBev are increasingly evolving from participants into co-builders of the urban night-time economy ecosystem. Their changing role reflects the growing maturity of Shanghai's night-time economy and a broader shift toward more collaborative models of urban development.
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Stock to Watch: Anheuser-Busch Inbev (BUD - Free Report) Anheuser-Busch InBev, alias AB InBev, is a global brewing company with more than 500 iconic brands. The company’s leading position in majority of its markets and a strong global footprint lends the advantage of economies of scale and growing its multi-country brands globally. Its strategy is based on efforts to develop a portfolio of brands that cater to extensive consumer needs within the market, in terms of price range, flavor profiles, and brand meaning.
BUD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Consumer Staples stock. BUD has a Momentum Style Score of A, and shares are up 1.9% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.11 to $4.32 per share. BUD also boasts an average earnings surprise of +4.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, BUD should be on investors' short list.
TotalEnergies (Paris:TTE) LSE:TTE NYSE:TTE and the Egyptian Natural Gas Holding Company (EGAS) signed today a Memorandum of Understanding (MoU) on exploration activities. The MoU covers a large area located in the north-western offshore of Egypt.
The MoU establishes a framework for technical cooperation including preliminary exploration and subsurface evaluation activities.
“We are pleased to launch this cooperation with EGAS, which reflects our shared ambition to further strengthen our partnership with the Arab Republic of Egypt. This agreement will support the assessment of Egypt’s deep offshore exploration potential,” said Nicola Mavilla, Senior Vice President Exploration at TotalEnergies.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512513426/en/
TotalEnergies SE: Ordinary and Extraordinary Shareholders' Meeting on May 29, 2026 The Combined Shareholders’ Meeting of TotalEnergies SE (Paris:TTE) LSE:TTE NYSE:TTE was held on May 29, 2026, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions supported by the Board of Directors, including in particular:
Approval of the 2025 financial statements and payment of a dividend of €3.40 per share for that fiscal year, Renewal of a three-year term as Directors for Ms. Marie-Christine Coisne-Roquette, Ms. Anelise Lara and Mr. Dierk Paskert, Appointment of a three-year term for Mr. Slavomir Krupa as Director, Approval of the compensation policy applicable to directors, Approval of the compensation components paid during 2025 or allocated for that year and of the compensation policy applicable in 2026 to the Chairman and Chief Executive Officer, Various delegations of competence and financial authorizations granted to the Board of Directors, The amendments of the Corporation’s Articles of Association concerning the age limits for the functions of Chairman and of Chief Executive Officer. In addition, as part of a formal item put on the agenda, the Shareholders’ Meeting discussed the report on the implementation of the Corporation's ambition with respect to sustainable development and the energy transition.
The final results of the votes as well as the presentations made to shareholders will be available on June 5, 2026 on the totalenergies.com website.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260529026577/en/
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about RTX (RTX - Free Report) .
RTX currently has an average brokerage recommendation (ABR) of 1.84, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 25 brokerage firms. An ABR of 1.84 approximates between Strong Buy and Buy.
Of the 25 recommendations that derive the current ABR, 15 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 60% and 4% of all recommendations.
Brokerage Recommendation Trends for RTX
Check price target & stock forecast for RTX here>>>
While the ABR calls for buying RTX, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in RTX?In terms of earnings estimate revisions for RTX, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $6.91.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for RTX. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for RTX.
Joerg Eberhart, CEO of ITA Airways, speaks during an interview with Reuters on the sidelines of the International Air Transport Association (IATA) Annual General Meeting in Rio de Janeiro,... Purchase Licensing Rights, opens new tab Read more
RIO DE JANEIRO, June 7 (Reuters) - Italy’s ITA Airways will decide within the next eight weeks whether to sue aerospace supplier RTX’s (RTX.N), opens new tab Pratt & Whitney due to engine problems that have grounded almost 20% of its fleet of 80 aircraft, the carrier’s CEO said on Sunday.
Hundreds of A320neo planes, the latest version of the Airbus (AIR.PA), opens new tab single-aisle jets, have been grounded globally.
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This has been partly due to long waiting times for engine inspections and repairs, and after a manufacturing problem at Pratt & Whitney put pressure on the output of the fuel-efficient GTF engines in Airbus planes.
“It’s imminent,” Joerg Eberhart, CEO of ITA Airways, said on the sidelines of a global gathering of top airline executives in Rio de Janeiro. “We will have to decide within the next six to eight weeks.”
RTX did not immediately reply to a request for comment. The U.S.-based industrial giant has previously said Pratt is taking various steps to improve repairs after disclosing in 2023 a new GTF problem involving contaminated powder metal.
“So far, we are quantifying the damage we are facing, which is about 150 million euros," Eberhart said. "We are in talks with Pratt, and what they proposed so far is not sufficient to cover our damage.”
Reporting by Allison Lampert in Rio de Janeiro, editing by Manuela Andreoni and Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, is investing $100 million to expand its Portsmouth, R.I., facility. The expansion will accelerate Lower Tier Air and Missile Defense Sensor (LTAMDS) testing by increasing capacity and boost Patriot® GEM-T subcomponent production to meet growing global demand.
"This investment strengthens our ability to deliver critical air and missile defense capabilities to customers around the world," said Tom Laliberty, president of Land & Air Defense Systems at Raytheon. "Expanding in Portsmouth allows us to scale production, advance LTAMDS testing, and ensure the U.S. Army and our international partners receive these systems as quickly as possible."
The announcement comes eight months after the company broke ground on a $53 million expansion of its Radar Production Facility in Andover, Massachusetts. LTAMDS is a radar designed to defeat advanced threats, including hypersonic weapons.
Raytheon is under contract for multiple LTAMDS radars for the U.S. Army and Poland. The program also recently completed its ninth successful flight test, using the radar's multiple arrays to track and intercept a surrogate target.
The Patriot Advanced Capability-2 (PAC-2) Guidance Enhanced Missile-Tactical (GEM-T) —designed for intercepting all types of airborne threats, including tactical ballistic missiles —is a primary effector for the combat-proven Patriot air and missile defense system.
RTX businesses have operated in Rhode Island for more than 60 years, currently employing more than 850 people. Raytheon's Portsmouth campus plays a critical role supporting undersea technology, combat systems and radars.
About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected]
, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, is investing $100 million to expand its Portsmouth, R.I., facility. The expansion will accelerate Lower Tier Air and Missile Defense Sensor (LTAMDS) testing by increasing capacity and boost Patriot® GEM-T subcomponent production to meet growing global demand.
"This investment strengthens our ability to deliver critical air and missile defense capabilities to customers around the world," said Tom Laliberty, president of Land & Air Defense Systems at Raytheon. "Expanding in Portsmouth allows us to scale production, advance LTAMDS testing, and ensure the U.S. Army and our international partners receive these systems as quickly as possible."
The announcement comes eight months after the company broke ground on a $53 million expansion of its Radar Production Facility in Andover, Massachusetts. LTAMDS is a radar designed to defeat advanced threats, including hypersonic weapons.
Raytheon is under contract for multiple LTAMDS radars for the U.S. Army and Poland. The program also recently completed its ninth successful flight test, using the radar's multiple arrays to track and intercept a surrogate target.
The Patriot Advanced Capability-2 (PAC-2) Guidance Enhanced Missile-Tactical (GEM-T) —designed for intercepting all types of airborne threats, including tactical ballistic missiles —is a primary effector for the combat-proven Patriot air and missile defense system.
RTX businesses have operated in Rhode Island for more than 60 years, currently employing more than 850 people. Raytheon's Portsmouth campus plays a critical role supporting undersea technology, combat systems and radars.
About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected]
View original content:https://www.prnewswire.com/news-releases/rtx-invests-100-million-to-accelerate-radar-testing-and-interceptor-production-in-rhode-island-302792737.html
Expansion adds 150 jobs and supports growing defense demand.
Raytheon, a business of RTX RTX , is putting another $100 million behind America's missile-defense buildout. The company said Monday it will expand its Portsmouth, Rhode Island facility, adding production capacity for missile-defense systems while accelerating testing for the U.S. Army's Lower Tier Air and Missile Defense Sensor, or LTAMDS. The project is expected to bring 150 high-tech jobs to Rhode Island and support higher output of components used in the Patriot Advanced Capability-2 Guidance Enhanced Missile-Tactical, known as GEM-T.
For investors, the message is straightforward: demand for air and missile defense is still moving higher as security concerns build across Europe, the Middle East and Asia. Raytheon said the Portsmouth expansion will increase LTAMDS testing capacity, supporting a next-generation radar designed to detect and track advanced threats, including hypersonic weapons. The company is already under contract to supply LTAMDS radars to the U.S. Army and Poland, giving the program a direct link to both U.S. modernization and allied defense demand. The radar recently completed its ninth flight test, where multiple radar arrays helped track and support the interception of a target designed to simulate an airborne threat.
The expansion also gives Raytheon more room to produce GEM-T missile components, a key part of the Patriot air and missile defense system used to engage aircraft, cruise missiles and tactical ballistic missiles. It follows a separate $53 million expansion launched last year at Raytheon's radar production facility in Andover, Massachusetts. RTX and its predecessor companies have operated in Rhode Island for more than six decades, and the company currently employs more than 850 people in the state. The Portsmouth site supports several defense programs, including radar systems, combat systems and undersea technologies.
In the latest trading session, RTX (RTX - Free Report) closed at $178.66, marking a -1.29% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.3% for the day. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 0.86%.
Coming into today, shares of the an aerospace and defense company had gained 2.78% in the past month. In that same time, the Aerospace sector gained 5.67%, while the S&P 500 gained 1.92%.
The investment community will be closely monitoring the performance of RTX in its forthcoming earnings report. The company's upcoming EPS is projected at $1.66, signifying a 6.41% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.89 billion, up 6.07% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and a revenue of $93.68 billion, representing changes of +9.86% and +5.73%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for RTX. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, RTX holds a Zacks Rank of #3 (Hold).
From a valuation perspective, RTX is currently exchanging hands at a Forward P/E ratio of 26.2. This valuation marks a premium compared to its industry average Forward P/E of 22.6.
Investors should also note that RTX has a PEG ratio of 2.57 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Aerospace - Defense industry stood at 1.55 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Subang facility advances MRO capabilities to meet growing demand, strengthening regional support for commercial airliners
, /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has expanded its maintenance, repair and overhaul (MRO) facility at Subang Aerotech Park in Malaysia. The $63 million investment quadruples the company's Selangor MRO footprint, growing from 46,000 to 164,000 square feet, and establishes Subang as its key regional hub for advanced component MRO.
The transition to the new facility in Subang Aerotech Park is planned to be complete by the end of this year, enabling support for the region's growing fleet, which is expected to double MRO demand in the next two decades.
"The Asia-Pacific region is a key growth market for the industry, and this investment ensures that we grow alongside our customers," said Irene Makris, president of Power & Controls at Collins Aerospace. "Malaysia offers the right environment for us to scale, and we are planning to double employment opportunities for skilled talent in the region to keep pace with growing demand. The Subang expansion optimizes operations and regional support for our customers, providing faster turnaround times and more efficient service."
Subang is introducing advanced MRO capabilities supporting a variety of aircraft, including air cycle machines, heat exchangers, valves and new generation starters. The Subang facility will also leverage advanced technologies like digital tier boards, eAndon, autonomous mobile robots and real time location systems to increase productivity and lower turnaround times.
The facility has been designed with long-term operational resilience in mind. A smart building management system monitors and optimizes resource and utility consumption while integrated safety systems and a scalable platform allow for continuous improvement. New equipment incorporates enhanced ergonomic design and reduced environmental impact.
"Malaysia warmly welcomes Collins Aerospace's expansion of its MRO footprint in Subang, a vote of confidence not just in our infrastructure, but in our people and our long-term potential," said YB Loke Siew Fook, Malaysia Minister of Transport.
"This investment reflects exactly the kind of high-value, skills-intensive growth we want to anchor here. As we work to expand the local workforce at this facility, we are also deepening Malaysia's talent pipeline in advanced aerospace maintenance and engineering. The Asia-Pacific aviation market is growing fast, and Malaysia is well-positioned to be at the center of that growth. We will continue to create a business-friendly environment through competitive policy, strategic investment, and strong industry partnerships, to make Malaysia the first choice for aerospace players looking to expand in this region," he added.
Since 2021, Collins has completed a series of MRO expansions in the Asia-Pacific region including the introduction of new capabilities for electrical power systems, environmental and airframe control systems and engine control systems. Collins currently employs 150 people in Malaysia, and 10,000 people in 24 locations in eight Asia-Pacific countries, including Singapore, China, India, Australia, Japan, Korea, and the Philippines. With over 50 years of service in the region, Collins offers MRO, manufacturing, engineering, project management, and customer support to meet the evolving demands of military, commercial, and business aviation customers.
About Collins Aerospace
Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
Key Takeaways RTX is investing $100 million to expand its Portsmouth, RI, defense facility.The project will boost LTAMDS testing and Patriot GEM-T missile subcomponent production.RTX is increasing manufacturing capacity to support rising domestic and international defense demand. RTX Corporation (RTX - Free Report) , through its Raytheon business, continues to expand its air and missile defense manufacturing footprint as global demand for advanced defense systems remains strong. On June 8, 2026, Raytheon announced a $100 million investment to expand its Portsmouth, RI, facility. The project is expected to accelerate testing activities for the Lower Tier Air and Missile Defense Sensor (LTAMDS) while increasing production capacity for Patriot GEM-T missile subcomponents, supporting growing requirements from domestic and international customers.
The investment reflects RTX’s broader effort to strengthen production readiness across its defense portfolio. LTAMDS is designed to enhance air and missile defense capabilities by detecting and tracking a wide range of threats, while Patriot GEM-T remains an important interceptor within the Patriot system. Increasing testing and production capacity should help RTX support existing program commitments and future procurement opportunities as defense modernization efforts continue across multiple regions.
The expansion also builds on recent manufacturing investments within RTX’s defense operations. The company previously announced an expansion of its radar production facility in Andover, MA, highlighting continued efforts to increase output across key defense programs. These investments are supported by RTX’s strong financial position and sizable defense business.
Demand for integrated air and missile defense systems continues to rise as governments invest in protecting critical infrastructure and military assets from increasingly sophisticated threats. By expanding testing capabilities and manufacturing capacity, RTX is positioning itself to support future customer requirements while strengthening its role across the global missile defense market.
Companies Expanding Air & Missile Defense CapabilitiesGrowing defense spending continues to support investments in missile defense systems, advanced sensors and interceptor technologies. Companies like Lockheed Martin Corporation (LMT - Free Report) and Northrop Grumman Corporation (NOC - Free Report) are also expanding capabilities in this area.
Lockheed Martin develops missile defense technologies, interceptor systems and integrated battle-management solutions supporting domestic and allied defense programs worldwide.
Northrop Grumman provides advanced sensors, command-and-control systems and missile defense technologies that support air, missile and homeland defense missions across multiple operational environments.
Earnings Estimates for RTXThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 9.86% and 8.98%, respectively.
Image Source: Zacks Investment Research
RTX Stock Trading at a DiscountRTX is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 2.49X compared with the industry average of 2.53X.
Image Source: Zacks Investment Research
RTX Stock Price PerformanceOver the past six months, RTX shares have rallied 2.3% against the industry’s 4.3% decline.
Image Source: Zacks Investment Research
RTX’s Zacks RankRTX currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways RTX is investing $63 million to expand its Collins Aerospace MRO facility in Malaysia.The Subang site will grow from 46,000 to 164,000 square feet, boosting regional service capacity.Collins will provide advanced support for air cycle machines, heat exchangers, valves and starters. RTX Corporation (RTX - Free Report) , through its Collins Aerospace business, continues to boost its global aerospace support infrastructure to address rising demand from commercial aviation customers. On June 9, 2026, Collins Aerospace announced the expansion of its maintenance, repair and overhaul (MRO) facility at Subang Aerotech Park in Malaysia. The $63 million investment increases the site's footprint from nearly 46,000 square feet to 164,000 square feet, establishing Subang as a key regional center for advanced component support and technical services.
RTX's expansion underscores its strategy to strengthen its position in the rapidly growing Asia-Pacific aviation market. As airlines in the region continue expanding fleets and increasing flight activity, demand for MRO services and component support is expected to rise. The enhanced Malaysia facility will enable Collins Aerospace to serve a broader customer base while increasing regional service capacity.
The site will provide advanced MRO capabilities for key aircraft components, including air cycle machines, heat exchangers, valves and next-generation starters. The Subang facility will leverage advanced technologies such as digital tier boards, eAndon systems, autonomous mobile robots and real-time location systems to boost productivity, streamline operations and reduce turnaround times.
The investment builds on RTX's long-standing aerospace presence and broad portfolio of aircraft technologies. Through Collins Aerospace, the company supplies avionics, aerostructures, power systems, interiors, environmental control systems and numerous mission-critical aircraft components. Continued investment in global service infrastructure could help RTX strengthen customer relationships, enhance operational support capabilities and further expand its presence across international aviation markets.
Companies Expanding Aircraft MRO CapabilitiesAs global aircraft fleets continue growing, aerospace companies are investing in MRO capabilities to support increasing service requirements and improve operational efficiency. Companies like GE Aerospace (GE - Free Report) and AAR Corp. (AIR - Free Report) are also enhancing their presence in this area.
GE Aerospace leverages its extensive MRO network to provide engine overhaul, repair and lifecycle support services across global aviation markets.
AIR offers aircraft maintenance, component repair and aviation support services through its global MRO network, serving commercial airlines, cargo operators and government customers.
Earnings Estimates for RTXThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 9.86% and 8.98%, respectively.
Image Source: Zacks Investment Research
RTX Stock Trading at a DiscountRTX is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 2.49X compared with the industry average of 2.5X.
Image Source: Zacks Investment Research
RTX Stock Price PerformanceOver the past year, RTX shares have rallied 28% against the industry’s 0.1% decline.
Image Source: Zacks Investment Research
RTX’s Zacks RankRTX currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SummaryNvidia Corporation remains a Strong Buy with a revised base-case price target of $311, reflecting robust earnings and a favorable risk-reward profile.NVDA's Q1 FY27 results highlight accelerating data center revenue diversification, reducing customer concentration risk, and reinforcing the long-term growth story.The company's aggressive expansion into the $200 billion CPU market via Vera CPU and RTX Spark is a major, underappreciated growth catalyst.Despite competitive threats and margin risks, NVDA stock trades at a discount to slower-growing customers, with upside now driven more by earnings growth than multiple expansion. Vitalij Sova/iStock via Getty Images
Investment Thesis In my last article on Nvidia Corporation (NVDA), published in March 2026, I analyzed the company’s Q4 report and explored the key takeaways. My thesis was predominantly focused on the
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, MSFT, AMZN, META, AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
RTX (RTX - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this an aerospace and defense company have returned -0.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The Zacks Aerospace - Defense industry, to which RTX belongs, has lost 0.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
RTX is expected to post earnings of $1.66 per share for the current quarter, representing a year-over-year change of +6.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $6.91 for the current fiscal year indicates a year-over-year change of +9.9%. This estimate has changed +0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.53 indicates a change of +9% from what RTX is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for RTX.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For RTX, the consensus sales estimate for the current quarter of $22.89 billion indicates a year-over-year change of +6.1%. For the current and next fiscal years, $93.68 billion and $100.29 billion estimates indicate +5.7% and +7.1% changes, respectively.
Last Reported Results and Surprise HistoryRTX reported revenues of $22.08 billion in the last reported quarter, representing a year-over-year change of +8.7%. EPS of $1.78 for the same period compares with $1.47 a year ago.
Compared to the Zacks Consensus Estimate of $21.55 billion, the reported revenues represent a surprise of +2.43%. The EPS surprise was +17.11%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
RTX is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about RTX. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Morgan Stanley (MS - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Morgan Stanley is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Morgan Stanley imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Morgan StanleyFor the fiscal year ending December 2026, this investment bank is expected to earn $11.85 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Morgan Stanley. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.6%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Morgan Stanley to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Ted Pick, Chairman and CEO, Morgan Stanley, attends the Global Financial Leaders' Investment Summit, in Hong Kong, China, November 4, 2025. REUTERS/Tyrone Siu/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesWealth and asset management are potential areas for M&AInvestment banking, trading show strong growthIncreased market volatility boosted trading revenueJune 9 (Reuters) - Wall Street giant Morgan Stanley (MS.N), opens new tab is "wide awake" to potential M&A opportunities, CEO Ted Pick said on Tuesday, as regulators take a more accommodating stance toward bank deals.
Several large banks have expressed interest in acquisitions to bolster their competitive positions, modernize their technology and expand in fast-growing areas such as wealth management and payments.
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During the bank's flagship U.S. investor conference on Tuesday, Pick said Morgan Stanley is "keeping an eye" on M&A activity in the sector as U.S. regulators have shown greater willingness to approve deals.
"...There could be some M&A activity in the space, and we want to be wide awake to that," Pick said.
Pick pointed to wealth management and asset management as potential areas where the bank could explore opportunities for inorganic growth.
The bank agreed to acquire private shares platform EquityZen last year, but its biggest acquisition prior to that was the $7 billion purchase of investment management firm Eaton Vance in 2021.
"M&A in this industry is really challenging and we want to get it right," Pick added.
Last month, JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon said his company could put $10 billion to $20 billion into M&A opportunities in the next couple of years.
INVESTMENT BANKING WAVEInvestment bankers are enjoying their strongest environment in years as marquee IPOs and multibillion-dollar acquisitions revive a business that had been constrained by higher borrowing costs, market volatility and regulatory uncertainty.
With stock indexes buoyant and corporate confidence steady, executives have increasingly turned to public markets and transformational deals to fund growth.
Morgan Stanley is one of the lead underwriters in the $75 billion SpaceX IPO, the largest in history, expected to debut on Friday.
The bank had a strong first quarter, with investment banking revenue rising 36%, led mainly by M&A advisory.
Volatility sparked by the Iran war gave the bank record equities trading revenue. Its mainstay institutional securities business posted revenue of $10.7 billion, up 19% from a year earlier.
"I think it's fair to say that the securities business, investment banking and markets across the integrated firm is really humming right now," Pick said.
Reporting by Manya Saini in Bengaluru and Saeed Azhar and Tatiana Bautzer in New York; Editing by Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Manya covers the most influential U.S. financial institutions, from Wall Street’s largest banks and card networks to leading asset managers and fintech companies. She also reports on late-stage venture capital fundraises, initial public offerings on U.S. exchanges and regulatory developments shaping the cryptocurrency industry. Her work appears across the finance, markets, business and future of money sections of the Reuters website. She holds a bachelor’s degree in political science from the University of Delhi and a master’s in journalism from the Symbiosis Institute of Media and Communication.
Saeed Azhar is a Reuters financial journalist and part of the U.S. banking team, which covers Wall Street's biggest banks. He focuses on Goldman Sachs and Bank of America, and also writes about regional banks. Before moving to New York in July 2022, he led the finance team in the Middle East from Dubai, and also worked in Singapore, covering Southeast Asia finance.
Tatiana Bautzer is a U.S. banking correspondent at Reuters in New York. She previously covered banks in Brazil, breaking news on deals by major global corporations, initial public offerings and bankruptcies. She has also delved into corruption scandals at Brazilian conglomerates and business disputes between billionaires. Prior to joining Reuters in 2015, Bautzer worked for business magazines Exame and Istoe Dinheiro and newspapers Valor Economico and O Estado de S. Paulo. She previously served as international correspondent for Valor Economico in Washington, D.C., covering multilateral institutions and trade. Bautzer holds a B.A. in Journalism and an MBA from the University of Sao Paulo.
Words "AI Artificial Inteligence", keyboard, and a robotic hand in this illustration taken June 5, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
June 10 (Reuters) - Morgan Stanley forecasts AI-related global debt issuance to more than double to nearly $570 billion in 2026, pointing to rising bond supply and credit market activity as hyperscalers turn to alternative funding sources to meet massive AI-driven capex needs.
Here are some details:
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Tech companies that have long relied on strong cash flows are increasingly turning to debt financing as investment needs surge
Morgan Stanley estimates AI-related global debt issuance stood at nearly $236 billion as of May 31, 2026, fourfold more than the same period last year
Hyperscalers Alphabet (GOOGL.O), opens new tab, Amazon (AMZN.O), opens new tab, Microsoft (MSFT.O), opens new tab and Meta (META.O), opens new tab are expected to spend $700 billion in outlays this year
Morgan Stanley expects issuance to ramp in second half of 2026, as hyperscaler capex surpasses $1 trillion in 2027
"Hyperscalers have been broadening their investor base through non-USD issuance," the brokerage said
"Fundamental (economic) backdrop remains strong, but for now we think (bond) price action is being mostly driven by supply expectations," Morgan Stanley added
Financing for chip companies, which is seeing an uptick in public and private markets, is shifting to shorter-term deals that are fully repaid over time - Morgan Stanley
Reporting by Kanishka Ajmera in Bengaluru; Editing by Mrigank Dhaniwala
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Morgan Stanley will let clients' AI agents connect to Shareworks and Equity Edge directly.MS plans to extend the AI feature to 3,400 stock-plan administration customers by next year.Morgan Stanley has gathered $1.2T in workplace assets as it grows wealth management. Morgan Stanley (MS - Free Report) is expanding the use of artificial intelligence (AI) across its workplace wealth management business by allowing corporate clients’ AI agents to connect directly with its stock-plan administration platforms, Shareworks and Equity Edge, according to a CNBC report. The move makes Morgan Stanley one of the first major Wall Street banks to open its systems to external AI-powered tools.
The new capability will allow AI agents to access data and insights directly from Morgan Stanley’s platforms, reducing the need for users to log in through traditional interfaces. Mark Mitchell, chief product officer of Morgan Stanley at Work, said that the firm expects corporate clients to increasingly interact with its services through AI-powered workplace tools rather than dedicated websites.
Morgan Stanley is using the open-source Model Context Protocol to enable these connections. The company believes that its proprietary data and expertise will remain key differentiators as AI becomes a more common interface for financial services.
The bank has already launched pilot programs with a small group of clients and plans to make the feature available to its roughly 3,400 stock-plan administration customers by next year. The initiative reflects the growing adoption of agentic AI, which allows software agents to perform tasks and interact with business systems autonomously.
Strategy to Support MS’ Wealth Management PushThe push into agentic AI is the latest step in Morgan Stanley’s long-term strategy to expand its wealth management business and reduce its dependence on the more volatile capital markets segment. Over the years, the company has strengthened its wealth management platform through acquisitions, such as Shareworks and E*TRADE, turning its workplace business into an important source of new client relationships and assets.
This strategy has already helped Morgan Stanley gather $1.2 trillion in assets through its workplace channel.
The new AI capabilities could further strengthen this growth engine by enabling corporate clients to manage increasingly complex employee stock compensation plans more efficiently. As Morgan Stanley administers these plans, it will gain access to employees who may eventually become wealth management clients as their financial assets grow.
The initiative is also expected to improve Morgan Stanley’s own efficiency. By using AI to support customer service, plan administration and other operational functions, the firm may be able to scale its wealth management platform and serve more clients without a proportional increase in staffing costs.
This will help Morgan Stanley continue expanding its fee-based wealth management revenues, supporting its broader goal of building a more diversified and stable business that is less reliant on capital markets activity.
Morgan Stanley’s Price Performance & Zacks RankOver the past six months, MS shares have gained 16.6%, outperforming the industry’s 1.4% growth.
Image Source: Zacks Investment Research
Currently, Morgan Stanley carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Morgan Stanley’s Competitive LandscapeWhile Morgan Stanley is opening its platforms to external AI agents, rivals like JPMorgan (JPM - Free Report) and Goldman Sachs (GS - Free Report) have so far concentrated on deploying AI within their own organizations.
Both banks are using AI-powered assistants and agentic tools to automate tasks such as software development, research, document review, data analysis and operational workflows, helping employees improve productivity and reduce manual work.
JPMorgan has integrated AI tools across several business lines, including investment banking and software engineering, while Goldman Sachs has been developing AI-powered "digital co-workers" to support functions ranging from coding to client onboarding and compliance processes. However, neither JPM nor GS has yet publicly announced plans to allow clients' AI agents to directly access or interact with their core platforms and systems.
Mike Wilson, Morgan Stanley's chief US equity strategist and CIO, explains the recent market volatility is part of an ongoing rotation among cyclical and commodity sectors. He highlights that earnings revision breadth has reached unsustainably high levels, particularly in the semiconductor sector, signaling a near-term rollover.
Mike Wilson, Morgan Stanley's chief US equity strategist and CIO, says the recent equity and debt offerings signal a healthy market. Speaking with Matt Miller on "Bloomberg Open Interest," Wilson says there's enough capital out there to absorb all of the recent IPO activity.
Mitsubishi UFJ Morgan Stanley Securities?logo at their office in Tokyo, Japan June 5, 2026. REUTERS/Miho Uranaka Purchase Licensing Rights, opens new tab
TOKYO, June 11 (Reuters) - Japan's Mitsubishi UFJ Morgan Stanley Securities (MUMSS) aims to increase assets managed for retail clients by 10 trillion yen ($62 billion) over the medium to long term, its president told Reuters.
The securities firm and investment bank - a joint venture between Japan's largest banking group, Mitsubishi UFJ Financial Group (8306.T), opens new tab, and Morgan Stanley (MS.N), opens new tab - also plans to expand its sales force by several hundred staff, Hiroyuki Seki said in an interview.
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The target reflects expected growth in Japan's wealth management market as the end of deflation and rising interest rates encourage savers to shift out of cash into higher-yielding investments.
Fees from managing these assets have helped lift profits across Japan's financial sector.
As of the end of March, MUMSS had assets under management of 55.9 trillion yen.
The firm plans to deepen ties with employees and executives at existing corporate clients and broaden its product range, including by offering loans backed by a wider range of client assets, Seki said.
It currently provides lending backed by equity holdings.
($1 = 160.4100 yen)
Reporting by Anton Bridge. Editing by Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Today's Big 3 is focused all on the bears, as @Theotrade's Don Kaufman offers three bearish options trades for his picks. He points to Toll Brothers (TOL) as an outperformer in the housing space due for a pullback, Delta Airlines' (DAL) "catch-22" situation, and sees Morgan Stanley (MS) having a "rough ride" ahead with massive IPOs debuting this year.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Morgan Stanley (MS - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Morgan Stanley currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for MS that show why this investment bank shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For MS, shares are up 1.89% over the past week while the Zacks Financial - Investment Bank industry is up 1.49% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.57% compares favorably with the industry's 2.56% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Morgan Stanley have risen 33.21%, and are up 59.5% in the last year. In comparison, the S&P 500 has only moved 8.98% and 24.27%, respectively.
Investors should also take note of MS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now MS is averaging 5,658,718 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with MS.
Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost MS's consensus estimate, increasing from $11.38 to $11.85 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that MS is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Morgan Stanley on your short list.
Goldman Sachs and Morgan Stanley stand to collect underwriting, trading, and advisory fees as a wave of AI-related IPOs—including SpaceX, OpenAI, and Anthropic—heads to market.
Morgan Stanley's chief investment officer says inflation could remain stubbornly elevated and suggested allocations to commodities and large-caps with pricing power.
In the latest trading session, Morgan Stanley (MS - Free Report) closed at $206.66, marking a -1.71% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.62%. At the same time, the Dow lost 1.87%, and the tech-heavy Nasdaq lost 1.98%.
The stock of investment bank has risen by 9.57% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.
The investment community will be closely monitoring the performance of Morgan Stanley in its forthcoming earnings report. The company is scheduled to release its earnings on July 15, 2026. It is anticipated that the company will report an EPS of $2.71, marking a 27.23% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $18.71 billion, indicating a 11.41% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.85 per share and revenue of $77.17 billion, which would represent changes of +16.06% and +9.23%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Morgan Stanley. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.07% upward. Morgan Stanley is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Morgan Stanley is currently being traded at a Forward P/E ratio of 17.74. This signifies a premium in comparison to the average Forward P/E of 13.96 for its industry.
One should further note that MS currently holds a PEG ratio of 1.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.06 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a 300,000-square-foot mission-critical defense manufacturing facility located in Taunton, MA, approximately 40 miles south of Boston. The property is subject to a long-term absolute triple net lease with a leading defense contractor.
Commenting on the transaction, Will Milam, Head of Morgan Stanley Real Estate Investing U.S., said: "This acquisition reflects MSREI's strategy of identifying institutional-quality net lease investments anchored by investment-grade tenants in mission-critical facilities. The specialized nature of the facility combined with the tenant's deep operational investment supports the likelihood for continued long-term occupancy."
The purpose-built facility is situated on more than 25 acres within the Myles Standish Business Park, which is one of the top industrial parks in the Boston metropolitan area.
Terms of the transaction were not disclosed.
About Morgan Stanley Real Estate Investing
Morgan Stanley Real Estate Investing is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.9 trillion in assets under management or supervision as of April 30, 2026. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a 300,000-square-foot mission-critical defense manufacturing facility located in Taunton, MA, approximately 40 miles south of Boston. The property is subject to a long-term absolute triple net lease with a leading defense contractor.
Commenting on the transaction, Will Milam, Head of Morgan Stanley Real Estate Investing U.S., said: "This acquisition reflects MSREI's strategy of identifying institutional-quality net lease investments anchored by investment-grade tenants in mission-critical facilities. The specialized nature of the facility combined with the tenant's deep operational investment supports the likelihood for continued long-term occupancy."
The purpose-built facility is situated on more than 25 acres within the Myles Standish Business Park, which is one of the top industrial parks in the Boston metropolitan area.
Terms of the transaction were not disclosed.
About Morgan Stanley Real Estate Investing
Morgan Stanley Real Estate Investing is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.9 trillion in assets under management or supervision as of April 30, 2026. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611958001/en/
In the latest trading session, Morgan Stanley (MS - Free Report) closed at $212.66, marking a +2.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.75%. On the other hand, the Dow registered a gain of 1.86%, and the technology-centric Nasdaq increased by 2.54%.
Prior to today's trading, shares of the investment bank had gained 6.62% outpaced the Finance sector's gain of 0.12% and the S&P 500's loss of 1.63%.
Investors will be eagerly watching for the performance of Morgan Stanley in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 15, 2026. The company's earnings per share (EPS) are projected to be $2.71, reflecting a 27.23% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $18.71 billion, showing a 11.41% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.85 per share and revenue of $77.17 billion, indicating changes of +16.06% and +9.23%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Morgan Stanley. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.07% higher. Morgan Stanley is currently a Zacks Rank #3 (Hold).
In terms of valuation, Morgan Stanley is currently trading at a Forward P/E ratio of 17.43. For comparison, its industry has an average Forward P/E of 13.8, which means Morgan Stanley is trading at a premium to the group.
We can also see that MS currently has a PEG ratio of 1.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.06 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 100, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Key Takeaways Morgan Stanley is keeping M&A options open to strengthen asset and wealth management.CEO Ted Pick says any deal must fit long-term priorities as wealth assets could reach $10 trillion.E*TRADE, Workplace and 15,000 advisors are helping move assets into advisor-led relationships. Morgan Stanley (MS - Free Report) is keeping the door open for acquisitions as it looks to strengthen its asset and wealth management franchise. However, CEO Ted Pick made it clear that any deal must meet a high strategic bar and align closely with the company’s long-term growth priorities.
Speaking at the bank’s flagship U.S. Financials Conference, Pick said Morgan Stanley is “wide awake” to potential M&A opportunities as the regulatory backdrop becomes more constructive. Wealth management and selected areas of asset management appear to be the most likely targets, particularly where a deal can deepen the company’s U.S. leadership, add tools for advisors or broaden exposure to high-growth areas such as private markets, alternatives, tax optimization and digital assets.
The comments come as Morgan Stanley’s wealth platform gains scale. Pick said the company can now envision $10 trillion in wealth management assets alone, supported by its funnel of E*TRADE, Workplace and roughly 15,000 financial advisors. Workplace remains a key engine, with billions of dollars moving from stock-plan and self-directed channels into advisor-led relationships.
Morgan Stanley has already shown how acquisitions can reshape its business mix. Smith Barney, E*TRADE and Eaton Vance helped shift the company toward more durable fee-based revenues, while bolt-ons such as Solium and EquityZen added capabilities in workplace and private shares.
Still, Pick stressed discipline. M&A in financial services can be difficult, culturally sensitive and distracting. Organic growth remains the priority at the moment. But with excess capital and improving deal conditions, Morgan Stanley has room to act when the right target emerges.
Morgan Stanley’s Peers: M&A as an Expansion ToolTwo close peers of Morgan Stanley are Goldman Sachs (GS - Free Report) and JPMorgan (JPM - Free Report) .
Goldman is refocusing on core capital markets and wealth management businesses. In sync with this, in April, the company acquired Innovator Capital Management, expanding Goldman’s active ETF capabilities, while in January, it acquired Industry Ventures, broadening exposure to the innovation economy and strengthening the alternatives platform.
JPMorgan has the capital to pursue a major deal, with CEO Jamie Dimon indicating it could deploy up to $20 billion for the right opportunity. Acquisitions in wealth, payments, asset management or fintech could strengthen JPMorgan’s franchise and support new growth, but execution, regulatory and valuation risks make discipline essential.
Morgan Stanley’s Price Performance & Zacks RankShares of Morgan Stanley have gained 19.2% over the past six months compared with the industry’s rally of 1.3%.
Image Source: Zacks Investment Research
At present, Morgan Stanley carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The purple pill: AI is neither utopia nor collapse; compute builds the AI economy, but governed software runs it. ServiceNow owns that workflow-control layer. NOW is not weak seat-based software; it is enterprise infrastructure with 8,700 customers, 98% renewal rates, $4.636B of 2025 FCF, and real AI monetization. Semis are priced for perfection, software is under-loved, and NOW offers the cleaner inversion: AI Control Tower, enterprise execution, durable margins, and potentially 90% upside.
ServiceNow shares are sliding. Why is NOW stock falling? What Is Driving ServiceNow’s Price Action?The long-term case for ServiceNow recently received a significant validation from NVIDIA CEO Jensen Huang. Speaking at GTC Taipei, Huang stated that the emerging “agentic AI” era, where AI assistants can autonomously execute complex tasks, is actually one of the best moments in history to be a software company.
For retail investors, this addresses a major market fear: that AI will replace traditional software. Instead, the world’s leading AI chipmaker is signaling that advanced AI systems still need robust, established software platforms like ServiceNow to act as the operating system and actually carry out those automated workflows.
Why Rising Oil And Bond Yields Are Pressuring TechDespite the positive AI narrative, ServiceNow is facing broader economic headwinds that typically hurt high-flying tech stocks. West Texas Intermediate (WTI) crude oil jumped 7.5% to around $93.95 per barrel on Friday, while the 10-year Treasury yield climbed to 4.51%.
When energy prices and bond yields rise, it signals to Wall Street that inflation might stick around. This combination tends to compress stock multiples, which means institutional investors become less willing to pay premium prices for expensive software companies.
Furthermore, this economic pressure has kept the market-implied odds of a Federal Reserve interest rate hike in December above 60%, creating a cautious environment across the broader technology sector.
Critical Price Levels To Watch For NOWFrom a trend standpoint, ServiceNow is still in "repair mode" longer-term: it's trading 19.6% below its 200-day SMA ($140.50), and the death cross that formed in August 2025 (50-day below 200-day) remains an overhang. The near-term picture is better, with price 8.4% above the 20-day SMA ($104.21) and 14.3% above the 50-day SMA ($98.87), which is consistent with a rebound that's been strong enough to lift shorter averages.
Momentum is best framed through MACD right now: MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain English, when MACD is above the signal line, it often means sellers are losing control and buyers are starting to dictate the next swing, even if the bigger trend hasn't fully flipped.
Key Resistance: $126.50 — a nearby pivot zone where rebounds can stall, especially with the stock still below longer-term trend gauges Key Support: $98.00 — a prior demand area that also sits near the 50-day SMA neighborhood ($98.87), making it a key "line in the sand" on pullbacks How ServiceNow Operates In The Software MarketServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model, with a primary focus on the IT function for enterprise customers. It started in IT service management, expanded within IT workflows and has pushed workflow automation into customer service, HR service delivery and security operations.
That positioning matters for the current AI debate because the bull case is less "AI replaces software" and more "AI still needs governed systems and workflow pipes to move work securely across an enterprise." In that framing, ServiceNow is being treated as a platform layer that agentic AI can run through, not a tool that gets bypassed.
ServiceNow’s Benzinga Edge Scorecard AnalysisBelow is the Benzinga Edge scorecard for ServiceNow, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: ServiceNow’s Benzinga Edge signal reveals a growth-led setup with weak value and weak momentum, which can work in a steady uptrend but tends to be choppy when the market turns defensive. For longer-term bulls, the key is whether the stock can keep building above the $98 area and eventually reclaim the 200-day trend zone near $140.
ServiceNow Stock Price Movement On FridayNOW Stock Price Activity: ServiceNow shares were down 6.07% at $112.11 at the time of publication on Friday, according to Benzinga Pro data.
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ServiceNow is rated a strong buy, with shares still 50% below all-time highs despite recent momentum and resilient earnings estimates. NOW's deep enterprise integration and trusted workflow position it as a critical control tower in an AI-augmented future, countering simplistic disruption fears. Valuation remains compelling; even with conservative 15% EPS growth and 25x P/E, projected annual returns exceed 11% over the next decade.
ServiceNow (NOW - Free Report) ended the recent trading session at $114.19, demonstrating a +1.55% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.86%.
The maker of software that automates companies' technology operations's shares have seen an increase of 23.33% over the last month, surpassing the Computer and Technology sector's gain of 3.7% and the S&P 500's gain of 1.92%.
The upcoming earnings release of ServiceNow will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.86, reflecting a 4.88% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.92 billion, up 22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.14 per share and a revenue of $16.18 billion, signifying shifts of +17.95% and +21.88%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ServiceNow. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, ServiceNow is carrying a Zacks Rank of #4 (Sell).
Looking at valuation, ServiceNow is presently trading at a Forward P/E ratio of 27.18. This represents a premium compared to its industry average Forward P/E of 14.18.
Also, we should mention that NOW has a PEG ratio of 1.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 187, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Phenom AI Agents Now Operate Inside the ServiceNow AI Platform, Giving Joint Customers Faster Hiring and Stronger AI Governance
PHILADELPHIA--(BUSINESS WIRE)--Phenom, the leader in applied AI with an infrastructure built specifically to redesign work operations, today announced its collaboration with ServiceNow to connect best-in-class HR capabilities to the ServiceNow AI Platform. The combination of Phenom and ServiceNow closes a structural gap in how enterprises use AI for hiring.
“Giving managers and teams access to Phenom's agents brings the hiring intelligence and real-world context enterprises need to fill critical roles faster, with the governance required to scale,” said John Phillips, GVP, Employee Experience, ServiceNow.
Share ServiceNow has transformed the employee experience across HR, with the recruiting process presenting an opportunity to further extend the connected, efficient experiences into hiring. Without that extension, enterprises face slower hiring, greater compliance exposure and a talent acquisition function that can't keep pace with the rest of the business as AI deployment scales.
Now hiring can happen on the ServiceNow AI Platform with support from Phenom AI agents to give hiring managers the autonomy to fill their critical roles faster. The ServiceNow AI Control Tower governs all agent activity, applying the same standards used across the business. The result is faster, higher quality hires and AI governance that scales without a separate AI stack.
From Requisition to Offer, a Guided Hiring Experience in ServiceNow
Phenom’s agents integrate directly into the ServiceNow AI Platform, including ServiceNow Otto, allowing hiring managers to autonomously conduct intake meetings, generate job descriptions, source and screen candidates for the role, and move the top candidates to the interview phase. Compliance checks, stakeholder notifications and approvals stay inside ServiceNow while candidate engagement runs through Phenom, with both sides in continuous sync.
“Our customers want AI in one place. This is a single conversational interface serving as the front door to productivity where all work becomes AI-assisted, whether it’s an IT request or an HR process like hiring,” said John Phillips, GVP of Employee Experience at ServiceNow. “Giving managers and teams access to Phenom's agents brings the hiring intelligence and real-world context enterprises need to fill critical roles faster, with the governance required to scale. Together, we’re creating talent outcomes at the pace of AI.”
The integration is built on A2A and MCP, emerging open standards that enable AI agents and systems to share context and coordinate work. Rather than relying on custom code, Phenom connects to ServiceNow through these standardized protocols, aligning with the broader direction of the AI ecosystem. This approach embeds governance throughout the workflow, making compliance a consistent part of each step rather than a final checkpoint.
“The companies that dominate hiring won’t be the ones with the most AI. They’ll be the ones whose AI understands the realities of their business and operates inside the workflow that runs everything else,” said Saumil Gandhi, Senior Vice President, Corporate Development at Phenom. “ServiceNow puts our agents directly into more of those workflows.”
Phenom’s integration with ServiceNow will be available to joint customers through the ServiceNow Store starting this summer, with further enhancements and extensions slated for release in the coming months.
To learn about Phenom’s latest AI and automation innovations, watch its HR Innovation Showcase on demand.
About Phenom
Phenom is an applied AI company with the only AI infrastructure built specifically for HR. Powered by Engines that harmonize data, Ontologies that guide every decision, X AI that hyper-personalizes experiences, and Agents that work alongside teams, Phenom’s platform uses industry and business context to automate workflows, eliminate busywork, and enhance every experience while remaining compliant. Driven by a purpose to help a billion people find the right work, no other company is as dedicated to helping organizations hire faster, develop better and retain longer.
Phenom has earned accolades including: Inc. 5000’s fastest-growing companies (6 consecutive years), Deloitte Technology’s Fast 500 (5 years), 11 Brandon Hall ‘Excellence in Technology’ awards including Gold for ‘Best Advance in Generative AI for Business Impact,’ Business Intelligence Group’s Artificial Intelligence Excellence Awards (3 consecutive years), The Cloud Awards 2025/2024, The A.I. Awards 2024, and a regional Timmy Award for launching and optimizing HelpOneBillion.com (2020).
Headquartered in Greater Philadelphia, Phenom also has offices in Canada, India, Israel, the Netherlands, Germany and the United Kingdom.
For more information, please visit www.phenom.com. Connect with Phenom on LinkedIn, X, Facebook, YouTube, Instagram and TikTok.
ServiceNow, the ServiceNow logo, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.
ServiceNow (NOW 0.90%) is positioning itself as the enterprise control tower for artificial intelligence-powered workflows. The bullish case is built on Now Assist adoption, deep customer integration, subscription revenue growth, and a massive opportunity for agentic automation. But with a premium valuation and rising costs of artificial intelligence, investors face a real dilemma.
Stock prices used were the market prices of May 28, 2026. The video was published on June 9, 2026.
Rick Orford has positions in ServiceNow. The Motley Fool has positions in and recommends ServiceNow. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
ServiceNow (NOW - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this maker of software that automates companies' technology operations have returned +20.2% over the past month versus the Zacks S&P 500 composite's no change. The Zacks Computers - IT Services industry, to which ServiceNow belongs, has lost 0.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
ServiceNow is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +4.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $4.14 points to a change of +18% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $5.01 indicates a change of +21.1% from what ServiceNow is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, ServiceNow is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of ServiceNow, the consensus sales estimate of $3.92 billion for the current quarter points to a year-over-year change of +22%. The $16.18 billion and $19.11 billion estimates for the current and next fiscal years indicate changes of +21.9% and +18.1%, respectively.
Last Reported Results and Surprise HistoryServiceNow reported revenues of $3.77 billion in the last reported quarter, representing a year-over-year change of +22.1%. EPS of $0.97 for the same period compares with $0.81 a year ago.
Compared to the Zacks Consensus Estimate of $3.75 billion, the reported revenues represent a surprise of +0.57%. The EPS surprise was +2.11%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
ServiceNow is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about ServiceNow. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
ServiceNow stock is showing downward pressure. What’s ahead for NOW stock? The latest push-pull in NOW is tied to the same "risk-on/risk-off" forces that drove Tuesday's pullback: higher bond yields and higher energy prices tend to pressure high-multiple software valuations, even when the longer-term AI workflow narrative stays intact. In that setup, rebounds can be fast, but they can also reverse quickly when investors de-risk after a strong run.
ServiceNow's sensitivity to rates has been front-and-center lately, with the 10-year yield recently cited at 4.5%, an inflation indicator that can compress premium software valuations in premium software valuations.
U.S. stocks are trading lower in the regular session, with the S&P 500 down 0.20% and the Nasdaq-100 down 0.33%, while the Russell 2000 is up 0.93%. That mixed tape often favors selective buying in names that are trying to stabilize technically after a larger drawdown.
How Chip Volatility Affects ServiceNow StockCritical Price Levels To Watch for ServiceNowFrom a longer-term trend view, ServiceNow is still in "repair mode": it's down 46.49% over the past 12 months and remains 22.2% below its 200-day SMA ($139.52), which is the big line trend-followers want to see reclaimed. The stock is trading 1.3% above its 20-day SMA ($107.08), 9.1% above its 50-day SMA ($99.42), and 2% above its 100-day SMA ($106.40), a mix that fits a rebound that's stabilizing but not fully back in an intermediate uptrend.
RSI is the cleanest momentum read right now, sitting at 50.06, which is basically neutral and suggests the stock isn't stretched in either direction after the recent swings. In plain English, RSI helps gauge whether a move is getting overheated or washed out; near-50 often lines up with choppy, two-way trade rather than a one-direction trend.
The moving-average structure is also split: the 20-day SMA is above the 50-day SMA (a bullish near-term crossover), but the death cross from August 2025 (50-day below the 200-day) is still an overhang for the bigger picture. Key turning points to keep in mind are the April swing low (which also coincided with RSI oversold) and the June swing high, which frames the current range traders are working.
Key Resistance: $111.00 — a nearby round-number area that can act as an overhead stall zone during rebounds Key Support: $98.00 — a nearby floor that sits close to the 50-day SMA ($99.42), making it a practical "line in the sand" for the rebound What Does ServiceNow Do?ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model, with a core focus on the IT function for enterprise customers. It started with IT service management and expanded across IT workflows before pushing its workflow automation into customer service, HR service delivery, and security operations.
That business mix is why macro factors like bond yields can matter so much for the stock's day-to-day action: investors often treat premium enterprise software as "long-duration" assets where valuation is sensitive to rate moves. At the same time, the AI-driven workflow narrative can support sharp rebounds when risk appetite improves, even if the longer-term chart is still rebuilding.
ServiceNow Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for SERVICENOW, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: ServiceNow’s Benzinga Edge signal reveals a growth-heavy profile with weak value and weak momentum, which can lead to sharp swings when the market flips between risk-on and risk-off. For longer-term bulls, the setup improves most if the stock can build momentum while working back toward the 200-day moving average.
ServiceNow Stock Price Activity TodayNOW Stock Price Activity: ServiceNow shares were trading 1.39% higher at $108.46 at the time of publication on Wednesday, according to Benzinga Pro data.
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Cloud technology giant ServiceNow has notified some of its enterprise customers that a software bug on its platform was allowing anyone on the internet to access their data.
A knowledge base article, which ServiceNow has hidden behind a login wall but has been shared on Reddit, says the company on June 5 patched some customer instances to fix a bug that had allowed unauthenticated users to “gain greater access” to ServiceNow-hosted data than intended.
The bug allowed potentially anyone to access data stored in customer instances without requiring credentials, such as a password.
ServiceNow tells TechCrunch that the security incident was not a hack, but the work of security researchers who were looking for vulnerabilities that they could submit for a bug bounty program.
“Alongside our own investigation, we have been in contact with the security researchers who initially reported this issue and can confirm that evidence of the observed activity came from those security researchers and customer research teams, not bad actors,” said ServiceNow spokesperson Courtney Johnson. “The security researchers have advised their activity was solely for bug bounty submissions and no data was used or retained.”
When asked by TechCrunch, ServiceNow did not immediately name the security researchers, nor say how many ServiceNow customers’ data was accessed.
Given that the security incident appears to stem from a data-exposing bug, it’s unclear if customers could have protected themselves from improper access prior to the incident.
ServiceNow is a cloud computing giant that allows thousands of its enterprise customers to automate their internal business processes. Companies use the tech giant’s platform to build workflows that connect to various apps and databases, such as IT and HR systems, which can be used to automatically handle repeat tasks, like onboarding staff, resolving tech support tickets, and for chatbots.
As such, companies like ServiceNow can be high-value targets for hackers thanks to the amount of sensitive data that they store, such as customer support tickets, which can include passwords, keys, and credentials.
ServiceNow said the issue relates to customer instances running its Australia releases, but several people on Reddit say they have identified evidence of external access to ServiceNow instances running other versions of its software.
Network defenders shared an IP address, 51.159.98.241, said to be an indicator of potential data access if found in a customer’s logs.
Corrected the seventh paragraph to update references to the Australia releases, unrelated to geography. Updated to include comment from ServiceNow.
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Zack Whittaker is the security editor at TechCrunch. He also authors the weekly cybersecurity newsletter, this week in security.
He can be reached via encrypted message at zackwhittaker.1337 on Signal. You can also contact him by email, or to verify outreach, at [email protected].
Investors are still nervous about the software-as-a-service (SaaS) sector and the impact artificial intelligence (AI) will have on it. However, these beaten-down stocks could be the most underrated AI plays in the second half of this year and beyond.
Agentic AI is just starting to take off, and there is a large opportunity for software companies to begin playing a major role in this trend. Let's look at two of the best-positioned SaaS stocks for this right now.
ServiceNow While Nvidia is the backbone of AI infrastructure, ServiceNow (NOW 0.71%) serves as the central nervous system of organizations' IT infrastructure. It monitors its customers' complete software stacks and is deeply integrated with their data and workflows. It's an ingrained, essential system that is highly unlikely to be disrupted by AI and more likely to serve as an integral part of the AI evolution that organizations are starting to embark on.
Today's Change
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The company has seen solid growth from AI, with AI commitments now expected to hit $1.5 billion this year, a 50% increase from its prior guidance, showing the rapid adoption of its AI offerings. Its move to a hybrid pricing model has been paying early dividends, with 50% of its new business now coming from non-seat-based pricing, including from tokens and connectors.
ServiceNow also has a huge opportunity with its AI Control Tower, its new agentic AI orchestration platform. AI agents just can't be unleashed into a company's ecosystem without strict guardrails, governance, and constant monitoring, and it has a system that can provide that. With agentic AI still in the very early innings, the company looks like it has the ingredients to be a big winner on the software side.
Image source: Getty Images.
Salesforce Another SaaS company well positioned for agentic AI is Salesforce (CRM 0.23%). The company has made some smart under-the-radar moves to turn its platform into an ideal environment to launch AI agents. This includes its Data 360 product, which uses zero-copy technology to grab data from data warehouses, like Snowflake, and cloud computing providers without the expense or cost of transferring it. Its acquisition of Informatica, meanwhile, gave it the technology to clean, organize, and govern this data. Combined, this makes its platform an important master of records for AI agents.
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Salesforce has been seeing solid growth from its Agentforce offering, but its overall size is still so small that it's not yet meaningfully moving the needle. However, with agentic AI starting to take off, that should eventually change, and it should become a significant driver down the road.
Geoffrey Seiler has positions in Salesforce and ServiceNow. The Motley Fool has positions in and recommends Nvidia, Salesforce, ServiceNow, and Snowflake. The Motley Fool has a disclosure policy.
SAN DIEGO--(BUSINESS WIRE)--Ondaro, a ServiceNow Elite Partner, today announced Ondaro Lighthouse, an AI-enabled activation plan that closes the AI visibility gap and tells enterprises where to start with ServiceNow’s AI Control Tower and what to turn on first.
Leadership teams across every industry are under pressure to scale AI with confidence. AI Control Tower provides the critical foundation, but the right path depends on what matters most to each organization
Share The launch comes as ServiceNow has made AI Control Tower (AICT) the new normal, embedding AICT capabilities in every AI Native SKU (Foundation, Advanced, and Prime) as of April 2026. New and migrating ServiceNow customers also receive expanded AI Control Tower capabilities at no incremental charge for their first year, including governance for Microsoft Agent 365 and NVIDIA environments and integrations with Veza and Armis.
That free year of AICT is a meaningful runway, but it is also a clock. Enterprises adopting AICT today are in four very different starting positions, and the path to value looks different for each. Without a tailored plan, the runway can pass without measurable progress. Gartner projects that 40 percent of agentic AI projects will fail by the end of 2027, with most failures attributed to governance gaps rather than gaps in capability.
“Leadership teams across every industry are under pressure to scale AI with confidence. AI Control Tower provides the critical foundation, but the right path depends on what matters most to each organization: visibility, compliance, value realization, or agent safety. Lighthouse helps leaders identify that path, prioritize the foundational work, and connect AI investment directly to board-level outcomes,” said Jeff Gregory, CEO of Ondaro.
Lighthouse combines an AI-enabled discovery session with a one-page activation plan delivered within 24 hours. AI pre-populates the session with publicly available context (recent announcements, regulatory profile, current AI footprint) and the plan is refined through conversation with the customer. Each plan includes:
A starting profile: The customer’s mix across the four most common AI Control Tower adoption patterns (Shadow AI, regulator-driven, top-down strategy, agentic-first), with percentages that show where their work needs to land first. A three-stage activation plan: Specific AI Control Tower capabilities mapped to key stages: See It, Understand It, and Govern & Measure it, sequenced by the customer’s profile. Foundation work identified: The data, workflow, and ownership gaps that need to be addressed alongside the rollout, called out so they don’t get missed. Continuous value metrics: The ROI signals (AI assets registered, daily AI actions, top AI systems by value, hours saved, productivity vs prior period) that activate from stage 1 onward and make impact visible to leadership and the board. “ServiceNow’s AI Control Tower includes a broad set of governance, observability, lifecycle, and value-tracking capabilities, and different organizations need different starting points,” added Gregory. “A bank facing a regulatory deadline does not approach the platform the same way a technology company building autonomous agents across multiple platforms does. Without a tailored plan, customers may struggle to put the free year to productive use. Lighthouse is built to make sure that doesn’t happen.”
Enterprises can schedule their Lighthouse session and set their course at https://ondarowave.com/lighthouse-ai-control-tower.
About Ondaro
Ondaro is a ServiceNow Elite Partner that helps organizations realize value from their ServiceNow platform quickly and where it matters most, including putting AI to work with the governance needed to scale it. With deep expertise across IT, HR, customer service, risk, and asset management, Ondaro works with clients in financial services, healthcare, manufacturing, government, and other industries to simplify workflows and build the operational foundation for what comes next. Learn more at ondarowave.com.
Multi-year collaboration helps enterprises modernize legacy systems, unlock their data and apply AI across core business operations
ARMONK, N.Y. & SANTA CLARA, Calif.--(BUSINESS WIRE)--IBM (NYSE: IBM) and ServiceNow (NYSE: NOW), the AI control tower for business reinvention, today announced an expanded collaboration to address two of the biggest barriers blocking enterprise AI at scale: the AI-ready data problem and the legacy application layer. The partnership combines IBM’s AI, data and automation capabilities with the ServiceNow AI Platform to help enterprises break through outdated systems and put their data to work for AI. IBM and ServiceNow will deliver joint solutions that modernize aging systems, extend ServiceNow Workflow Data Fabric with IBM’s enterprise data capabilities, and enable autonomous IT operations so the world’s largest enterprises can unlock the transformative value of agentic AI.
Decades of deeply interconnected legacy systems are the biggest barrier to moving fast on AI. IBM and ServiceNow are changing that by helping organizations evolve existing systems rather than replace them, run AI on any model they choose, and unlock the full depth of their enterprise data.
“Most enterprises have the ambition to deploy agentic AI, but lack the foundation to run it at scale,” said John Aisien, senior vice president and general manager, central product management, security & risk at ServiceNow. “IBM brings the tooling to modernize the systems and extend ServiceNow’s data capabilities. ServiceNow provides the platform to put that data to work across every workflow in the business. Together, we’re helping enterprises move from AI ambition to real, scalable outcomes.”
“AI adoption at scale requires more than access to models. It requires rethinking the systems, data and workflows that support them,” said Raj Datta, vice president of ISV and AI partnerships at IBM. “Together with ServiceNow, we’re building an open, flexible foundation for AI that can scale across operations and deliver real business value.”
The collaboration integrates IBM’s software solutions with the ServiceNow AI Platform and will create new solutions for customers across three key areas:
Application modernization: Scans and refactors legacy systems using tools like IBM Bob, Enterprise Application runtime (Java) and IBM watsonx.data so enterprises will be able to bring aging applications into the AI era without starting from scratch. Enterprise data governance: Extends ServiceNow Workflow Data Fabric with IBM watsonx.data to unlock key capabilities like Data Quality, Observability, Master Data Management – leveraging ServiceNow Data Catalog so that mutual customers can keep their data AI-ready. Autonomous infrastructure operations: Integrates Red Hat Ansible, IBM Bob, Instana, Hashicorp Terraform, and Hashicorp Vault into ServiceNow IT workflows to detect, remediate, and resolve issues before they affect the business. These joint solutions are expected to be available in the second half of 2026.
Statements regarding IBM's and ServiceNow’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
About ServiceNow
ServiceNow (NYSE: NOW) is the AI control tower for business reinvention. The ServiceNow AI Platform integrates with any cloud, any model, and any data source to orchestrate how work flows across the enterprise. By unifying legacy systems, departmental tools, cloud applications, and AI agents, ServiceNow provides a single pane of glass that connects intelligence to execution across every corner of business. With more than 100 billion workflows running on the platform each year, ServiceNow helps organizations turn fragmented operations into coordinated, autonomous workflows that deliver measurable results. Learn how ServiceNow puts AI to work for people at www.servicenow.com.
Forward-looking statements
This press release contains “forward-looking statements” about the expectations, beliefs, plans, and intentions relating to ServiceNow and IBM’s expanded collaboration. Such statements include statements regarding future product capabilities and offerings and expected benefits to ServiceNow. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, ServiceNow’s results could differ materially from the results expressed or implied by the forward-looking statements made. ServiceNow undertakes no obligation, and does not intend, to update the forward-looking statements. Factors that may cause actual results to differ materially from those in any forward-looking statements include: (i) delays and unexpected difficulties and expenses in executing the product capabilities and offerings, (ii) changes in the regulatory landscape related to AI and (iii) uncertainty as to whether sales will justify the investments in the product capabilities and offerings. Further information on factors that could affect ServiceNow’s financial and other results is included in the filings ServiceNow makes with the Securities and Exchange Commission from time to time.
By Gerelyn Terzo Updated Jun 11, 1:46PM EDT · Published Jun 11, 9:50AM EDT
Chip stocks are bouncing 3% in premarket after last Friday's brutal 10% semiconductor ETF selloff, even as Trump's threat to strike Iran and $90 crude cap broader gains.
Intel surged 5% premarket on a Bank of America upgrade to Buy, while Oracle plans to raise $40 billion to accelerate its AI infrastructure buildout.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
Live Updates Yesterday
Oracle (NYSE:ORCL | ORCL Price Prediction) is taking a hard hit, shedding more than 11% after laying out plans to raise approximately $40 billion through a combination of debt and equity financing in fiscal year 2027, with no additional debt expected for the remainder of calendar year 2026. The market’s reaction reflects concern that the capital raise signals a level of spending ambition that could weigh on near-term returns even as Oracle’s long-term AI infrastructure thesis remains intact.
Yesterday
SpaceX (NASDAQ:SPCX) is set to begin trading on the Nasdaq Friday at 9:30 AM ET, with Oppenheimer wasting no time, initiating coverage at Outperform with a $190 price target ahead of the opening bell. For those looking to play the other side of the trade, Leverage Shares confirmed that a 2x Short SpaceX ETF will hit the market under the ticker SSPC, giving bearish investors a tool to express their view on what is shaping up to be the most anticipated public debut in market history.
Yesterday
Wholesale prices came in hotter than expected in May, with the producer price index (PPI) climbing 1.1% on the month against a 0.7% estimate, lifting the 12-month rate to 6.5%, the highest since November 2022 and up from April’s 5.7% reading. Nearly 80% of the monthly move traced back to a surge in energy costs, with gasoline prices jumping 23.4% at the wholesale level. The data lands one day after Wednesday’s hot CPI print, keeping the Federal Reserve firmly on hold heading into next week’s rate decision.
This article will be updated throughout the day, so check back often for more daily updates.
The markets are choosing optimism today, brushing aside a wave of uncertainty as investors focus on what’s working rather than what isn’t. Nasdaq 100 futures are pointing 0.6% higher in early trade, S&P 500 futures are up 0.3%, and Dow futures are adding 184 points. Chip stocks are doing the heavy lifting though rising oil prices and an escalating U.S.-Iran confrontation are keeping a lid on how far the optimism can run.
President Trump raised the geopolitical stakes overnight, posting on Truth Social that the U.S. will be striking Iran “VERY HARD TONIGHT” and signaling intentions to seize control of Kharg Island and other Iranian oil infrastructure. WTI crude futures were up nearly 1% to around $90 a barrel, putting energy markets back on high alert.
The chip sector is attempting to find its footing after a brutal stretch that included last Friday’s 10% collapse in the iShares Semiconductor ETF. Micron Technology (NASDAQ:MU), Advanced Micro Devices (NASDAQ:AMD), and Intel (NASDAQ:INTC) are all rebounding in premarket trade, with the semiconductor ETF gaining 3%. Intel is getting an added boost from a Bank of America upgrade to Buy from Underperform, sending shares up 5% before the open and injecting a fresh dose of conviction into a sector that badly needed it.
Here’s a look at where things stand as of pre-morning trading:
Dow Jones Industrial Average: 50,159 Up 0.49%
Nasdaq Composite: 25,250 Up 0.33%
S&P 500: 7,288 Up 0.27%
Market Movers Google (NASDAQ:GOOGL) is considering tapping Samsung to manufacture a key component of one of its most advanced future AI chips, according to The Information, a move that would hand the South Korean chipmaker a meaningful role in Google’s next-generation hardware ambitions.
Oracle (NYSE:ORCL) is planning to raise approximately $40 billion through a mix of debt and equity financing in fiscal year 2027, a capital raise that signals the enterprise software giant is gearing up for a significant acceleration in its AI infrastructure buildout as demand from hyperscale customers continues to outpace its current capacity.
ServiceNow (NYSE:NOW) and IBM (NYSE:IBM) announced an expanded multi-year collaboration aimed at tackling what the companies describe as the two biggest obstacles standing between enterprises and AI at scale: the AI-ready data problem and the legacy application layer. Joint solutions are expected to be available in H2 2026.
About the Author Gerelyn Terzo →
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
