Morgan Stanley Cuts COF Price Target to $267

Morgan Stanley has maintained its Overweight rating on Capital One Financial Corporation with a price target of $267, a 32.95% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:00 PM EDT

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Morgan Stanley cut its price target on Capital One Financial Corporation ($COF) to $267 from $273 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $COF is up 0.3% to date (from the $201.14 close on Oct 12, 2026).

COF Capital One Financial Corporation

$201.74 -17.68% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its Overweight rating on Capital One Financial with a new price target of $267 on October 12, 2026.
Morgan Stanley's $267 price target implies 32.95% upside from Capital One Financial Corporation's ($COF) current $200.82 share price.
As of October 16, 2026, Capital One shares are trading around $200.82, which is 24.8% below the analyst's target.
The company is set to report its next earnings on October 20, 2026, following a strong year with a revenue growth of 1111%.

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Morgan Stanley has reaffirmed its Overweight rating on Capital One Financial Corporation (COF) with a price target of $267, as noted in their report on October 12, 2026.

Other Institutional Activity in Capital One Financial

Blackrock Inc. holds 51,054,869 shares of Capital One, valued at about $10.3 billion, having increased its stake by 238,835 shares. Vanguard Capital Management LLC owns 40,646,052 shares worth approximately $8.2 billion, growing its position by 137,728 shares. State Street Corporation has 27,797,298 shares valued at about $5.6 billion after adding 242,482 shares. JPMorgan Chase & Co. holds 17,785,818 shares, worth around $3.6 billion, increasing its holdings by 430,414 shares. Geode Capital Management, LLC owns 14,360,681 shares valued at about $2.9 billion, having added 67,179 shares.

Capital One Financial Corporation Stock Up 3.3%

As of October 16, 2026, Capital One shares trade at $200.82, which is below both the 50-day moving average of $208.42 and the 200-day average of $203.52. The stock is also 22.7% below its 52-week high of $259.64 but sits 15.3% above its 52-week low of $174.24. The current price is 20.4% lower than the mean analyst price target of $252.27.

12-month forecast

$COF price target

Capital One Financial Corporation daily closes and this analyst's $267 target. Not advice.

Recent Earnings

Capital One reported a trailing twelve-month revenue of approximately $48.1 billion, with an impressive year-over-year revenue growth of 1111%. The company's net margin stands at 21.9%, and its return on equity is at 9.0%. The next earnings report is expected on October 20, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D- 33/100

Reported Apr 21, 2026

Forward outlook
2 target cuts vs 1 raises.
EPS & revenue
EPS missed estimates by 3.9%. Revenue beat estimates by 24.5%.
Profit surprise
Operating income missed by 63 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
1 target raise, 2 target cuts.
Earnings quality
Gross margin up 0.9 points. Operating margin up 1.1 points. Positive free cash flow.

Earnings Call Summary

Capital One reported stronger revenue than expected at $19.3 billion, driven by the Discover acquisition, though earnings per share of $4.42 missed the $4.61 consensus slightly. Credit quality remained strong with card charge-offs improving 109 basis points year-over-year to 5.1 percent and auto delinquencies improving 72 basis points. The company closed the Brex acquisition for about $4.5 billion in April and is investing to grow these new businesses while completing the Discover technology integration.

Guidance Capital One reaffirmed that earnings power after the Discover deal integration would match expectations from when the deal was announced, including Brex and travel business. They expect expense synergies to come mostly in the second half of 2026 and into 2027 as technology conversions complete. The company plans to continue investing heavily in growth opportunities including Brex, travel, and converting Discover customers onto Capital One platforms.

Very weak report. The release materially worsened the forward outlook.

Insider Buying and Selling at Capital One Financial Corporation

Recently, several insiders sold shares of Capital One. General Counsel Matthew W. Cooper sold 3,500 shares at an average price of $214.10 on September 1, 2026, totaling about $749,350. On September 15, Officer Lia Dean sold 2,066 shares at $206.07, valued at $425,741, and Officer Celia Edwards Karam sold 2,017 shares at the same price, worth $415,643. On October 6, Cooper sold another 3,500 shares at $196.22, totaling approximately $686,770.

Analysts Set New Price Targets

On October 12, 2026, JP Morgan maintained an Overweight rating on Capital One with a target of $227, down from $246. Morgan Stanley reiterated its Overweight rating and adjusted its target from $273 to $267. Earlier, Barclays maintained its Overweight rating with a target of $237, while TD Cowen also maintained a Buy rating with a target of $242. BMO Capital initiated coverage with a Market Perform rating and a target of $219.

About Capital One Financial

Capital One Financial Corporation is a financial services holding company based in McLean, Virginia. It provides a range of financial products and services, primarily in credit cards, consumer banking, and commercial banking. The company serves customers in the United States, Canada, and the UK, offering various financial solutions.

Bottom Line

Investors should keep an eye on Capital One’s upcoming earnings report on October 20, 2026, and monitor any further updates from analysts regarding their ratings and price targets. Morgan Stanley's recent reiteration of the Overweight rating reflects confidence in the company’s prospects despite current market conditions.