The Charles Schwab Corporation (NYSE:SCHW) is included among the 10 Best Blue Chip Stocks to Invest in According to Billionaires.
UBS Boosts Charles Schwab (SCHW) Target to $385 on Positive Outlook
Image by Alexsander-777 from Pixabay
On April 30, UBS raised the firm’s price recommendation on The Charles Schwab Corporation (NYSE:SCHW) to $385 from $380. It reiterated a Buy rating on the shares.
On April 20, Argus lowered the firm’s price goal on SCHW to $108 from $117 and kept a Buy rating on the shares after its Q1 results last week. The company’s revenue grew a robust 16% with gains across major categories, while its net interest margin expanded and total client assets reached $11.8T, the analyst tells investors in a research note. Argus added that it expects Schwab to post above-peer-average growth in the medium term, supported by its innovative products and continued market-share gains.
During its Q1 2026 earnings call, Charles Schwab said business momentum carried into the new year. Investors opened 1.3 million new brokerage accounts and brought in $140 billion in core net new assets during the quarter. The company said that, after adjusting for a planned mutual fund clearing deconversion, total asset gathering reached $158 billion. This reflected an annualized growth rate of 5.4%.
President and CEO Rick Wurster said clients were increasingly relying on the firm for a broader range of financial needs. That trend pushed its wealth and banking solutions to record levels in the first quarter. He added that, driven by Schwab Wealth Advisory, managed investing net flows rose 46% year over year. Bank loans also increased 29% compared with Q1 2025, reaching $60.9 billion.
The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company. Through its subsidiaries, it provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
While we acknowledge the potential of SCHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Large Cap Dividend Growth Stocks to Invest In and 10 Best BDC Stocks to Buy Right Now
Disclosure: None. Follow Insider Monkey on Google News.