TD Cowen Raises The Charles Schwab (SCHW) Price Target to $129

TD Cowen has reiterated its Buy rating on The Charles Schwab Corporation (SCHW) with a new price target of $129, up from a previous target of $128. This announcement was made on October 12, 2026. As of October 16, 2026, Schwab's shares are trading at $91.77, which is below both the 50-day and 200-day moving averages by 12.4% and 6.5%, respectively.

Other Institutional Activity in The Charles Schwab Corporation

Blackrock Inc. grew its holdings by 1,264,925 shares, ending with 134,414,949 shares worth about $12.4 billion. Dodge & Cox Inc. added 1,965,085 shares, bringing its total to 76,968,323 shares valued at approximately $7.1 billion. Meanwhile, State Street Corporation increased its stake by 407,493 shares, totaling 73,174,188 shares valued at about $6.7 billion. In contrast, Vanguard Capital Management LLC reduced its holdings by 1,029,414 shares, while JPMorgan Chase & Co. cut its stake by 24,678,590 shares, ending with 49,165,186 shares worth roughly $4.5 billion.

The Charles Schwab Corporation Stock Down 5.2%

Currently, The Charles Schwab Corporation's stock is trading well below its 52-week high of $114.53, down about 19.9%. The recent price of $91.77 is also below the mean analyst price target of $119.55, suggesting a potential upside for investors. The stock has been performing below its recent averages, which may signal a buying opportunity for some.

Recent Earnings

For the trailing twelve months, The Charles Schwab Corporation reported revenue of approximately $26.0 billion, with an EPS of $5.49. The company has shown a revenue growth of 20.9% year-over-year, and its net margin stands at 38.8%. The next earnings report is expected on October 24, 2026.

Insider Buying and Selling at The Charles Schwab Corporation

Insider activity includes Neesha Hathi, an officer at Schwab, who sold 3,177 shares at an average price of $109.04 on September 1, 2026, totaling about $346,428. She also sold 5,000 shares at $97.80 on October 1, 2026, valued at approximately $489,007. Both transactions were executed before the recent analyst ratings.

Analysts Set New Price Targets

On October 16, 2026, Barclays maintained its Overweight rating on Schwab with a target of $115, down from $118. UBS also maintained a Buy rating, lowering its target from $113 to $109. Wells Fargo kept an Equal-Weight rating with a target of $103, while JP Morgan maintained its Overweight rating with a target of $147, reduced from $150. Evercore ISI Group maintained its In-Line rating with a target of $104, down from $107. The consensus among analysts shows a mean price target of $119.55 from 22 opinions.

About The Charles Schwab Corporation

The Charles Schwab Corporation operates as a financial services company that provides a range of services including wealth management, securities brokerage, and banking. With a focus on both individual and institutional clients, Schwab is a significant player in the capital markets sector. The company's recent performance and analyst ratings reflect ongoing confidence in its business model despite current market challenges.

Bottom Line

Investors should keep an eye on Schwab's upcoming earnings report on October 24, 2026, and the potential for further analyst adjustments as market conditions evolve. With shares currently trading below key averages, the next few weeks could provide insight into the stock's trajectory.