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Truist Securities raised its price target on Charles Schwab Corp. (NYSE:SCHW), a $161 billion market cap financial services giant, to $100.00 from $97.00 on Monday, while maintaining a Buy rating on the stock. According to InvestingPro data, the stock is trading near its 52-week high of $89.84, having delivered an impressive 18.81% return year-to-date.
The brokerage firm adjusted its target following Charles Schwab’s May data release, which showed some moderation after strong performance in the first four months of 2025. The company reported slower seasonally adjusted net new assets, decreased cash mix, and lower trading volumes compared to April. Despite the recent moderation, the company maintains a perfect Piotroski Score of 9, indicating strong financial health, as revealed by InvestingPro analysis.
Despite these slowdowns, Truist noted that Charles Schwab’s fundamentals remained solid, with net new asset growth still approximating 5%, growth in cash in dollar terms, and daily average trades exceeding 7 million. Net new accounts also grew at an annualized rate of approximately 5%.
Charles Schwab shares fell approximately 2% on Monday morning following the data release. Truist observed this was only the second monthly report in 2025 where the company’s stock lagged the broader market.
The price target increase reflected Truist’s decision to raise the price-to-earnings multiple for Charles Schwab in line with overall market movements over the past month. The company currently trades at a P/E ratio of 26.45, with analyst targets ranging from $70 to $113. For deeper insights into Charles Schwab’s valuation and access to comprehensive Pro Research Reports covering 1,400+ top stocks, visit InvestingPro.
In other recent news, Charles Schwab Corporation reported a record $35 billion in core net new assets for May 2025, a 13% increase from the previous year. Total (EPA:TTEF) client assets reached $10.35 trillion, reflecting a 12% rise from May 2024. The company opened 336,000 new brokerage accounts during May, marking a 7% increase year-over-year. In another development, Schwab filed a Certificate of Elimination for its Series G Preferred Stock, effectively removing it from the company’s Certificate of Incorporation. On the analyst front, Redburn-Atlantic upgraded Schwab’s stock from Sell to Neutral, raising the price target to $82, citing a positive outlook in the retail wealth management market. Meanwhile, TD Cowen’s analyst Bill Katz increased the 12-month price target to $113 and maintained a Buy rating, highlighting Schwab’s organic growth and balance sheet strategy. Katz projects the company’s return on tangible common shareholders’ equity to approach 37% by the end of 2026. These recent developments underscore Schwab’s continued growth and strategic adjustments in the financial services industry.
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