Morgan Stanley (NYSE:MS) closed seventh session of gains on Friday as its shares ended 0.67% higher at $140.69.
In the preceding six sessions, the company’s shares gained over 5.5% compared to a 2.7% rise in the broader markets. On a year-to-date basis, the stock has added 11.4%.
The stocks set off on an upward rally on June 18, when it closed nearly 2% higher after Seeking Alpha analyst Motti Sapir issued a Buy rating for the stock arguing that the company is not just surviving but thriving.
“If you believe, like I do, that Morgan Stanley’s business model is just now hitting its stride (and, crucially, that capital requirements for big banks are probably about to get easier in the U.S.), then the real upside is only starting to get priced in,” he added.
Looking at Seeking Alpha’s quant rating, MS has a Hold rating with a score of 3.21 out of 5. The company has been rated A- for momentum and an F for profitability. Wall Street analysts echoed similar sentiments and rated the stock as Hold.
However, Seeking Alpha analyst recommend to Buy the stock. A total of five analysts have rated it a Buy and above, one recommended to Hold and it had no Sell call.
In May, Seeking Alpha analyst Moretus Research initiated coverage on the stock with a Buy rating and price target of $162.
“Valuation reflects both near-term peer re-rating and long-term operating leverage; regulatory scrutiny is a risk but risk/reward remains attractive at current levels,” the analyst said.