Charles Schwab stock price target raised to $100 by Truist Securities

Truist Securities raised its price target on Charles Schwab (SCHW) to $100 from $97, maintaining a Buy rating, following Schwab's May data release showing moderation after strong early 2025 performance. Despite slower seasonally adjusted net new assets and lower trading volumes compared to April, Truist noted Schwab's fundamentals remain solid, with net new asset growth approximating 5% and daily average trades exceeding 7 million; Schwab shares fell approximately 2% following the data release. Other analyst actions include an upgrade from Redburn-Atlantic to Neutral with an $82 target and TD Cowen raising its target to $113, citing Schwab's organic growth.

Analysis

Truist Securities has raised its price target on Charles Schwab Corp. (SCHW) to $100.00 from $97.00, maintaining a Buy rating, despite the company's May 2025 data indicating some moderation in seasonally adjusted net new assets and trading volumes compared to April, following a strong first four months of the year. This moderation contributed to an approximate 2% share price decline on the day of the release. However, Schwab's underlying fundamentals remain solid, with net new asset growth still approximating 5%, an increase in cash holdings in dollar terms, and daily average trades exceeding 7 million. Supporting this, Schwab's May 2025 report highlighted record core net new assets of $35 billion (a 13% year-over-year increase), total client assets reaching $10.35 trillion (up 12% YoY), and 336,000 new brokerage accounts (up 7% YoY). The company's strong financial health is further evidenced by a perfect Piotroski Score of 9. SCHW stock is trading near its 52-week high of $89.84, having returned 18.81% year-to-date, and currently has a P/E ratio of 26.45. Other analysts also share a constructive view: Redburn-Atlantic upgraded SCHW from Sell to Neutral with an $82 target, and TD Cowen increased its price target to $113, maintaining a Buy, citing organic growth and balance sheet strategy, with a projected return on tangible common equity approaching 37% by the end of 2026. Truist's price target adjustment also reflected an increased price-to-earnings multiple in line with broader market movements.

Key Decisions for Investors

• Monitor upcoming monthly data for sustained momentum in net new assets and trading volumes, given the May sequential moderation, despite strong year-over-year figures and a robust Piotroski Score of 9.
• Consider the prevailing bullish analyst sentiment, evidenced by recent price target upgrades from Truist ($100) and TD Cowen ($113), while factoring in the stock's proximity to its 52-week high and current P/E ratio of 26.45.
• Evaluate Schwab's capacity to sustain organic growth and execute its balance sheet strategy effectively, as these are key drivers cited for positive analyst outlooks and could influence future stock performance.