Experian Shares Gain Momentum as Analysts Raise Price Targets

Experian (LON: EXPN) stock has been attracting attention as Goldman Sachs, RBC Capital, and Barclays have upped their targets for the stock in the last couple of weeks, signalling confidence in its growth potential.

Goldman Sachs reaffirmed its Buy rating on Experian shares, raising the price target to 5,200p a share.

The bank told investors in a research note that it believes the recent rate cut by the Federal Open Market Committee (FOMC) could help revitalize the cyclical elements of Experian's business over the next six to 12 months.

Meanwhile, RBC Capital upgraded Experian's stock, moving it from Underperform to Sector Perform last week.

The firm significantly increased its price target from 2,500p to 4,200p a share, telling investors that Experian's broad portfolio offers multiple growth drivers, contributing to the company's improved outlook.

Like Goldman, Barclays is another bank that is bullish on Experian. Analysts at the firm raised their price target on Experian from 4,200p to 4,500p per share in mid-September, maintaining an Overweight rating on the shares.

Barclays said it expects the company to deliver 10% annual organic revenue growth over the next five years, based on insights gathered from a recent conference with Experian's management.

With these upward revisions, investors are increasingly optimistic about Experian's stock performance in the near term, reinforcing confidence in the company's growth prospects.

Experian shares are up 22% so far this year after a more than 8% rally over the last three months. Over the last 12 months of trading, the stock has climbed 45% to new all-time highs.