13 Best Forever Stocks to Buy Right Now

7. Moody’s Corporation (NYSE:MCO)

Number of Hedge Fund Holders: 67

Moody’s Corporation (NYSE:MCO) is an integrated risk assessment company that offers credit research, credit models, analytics, and economic data as part of its risk management services.

Citi resumed coverage of Moody’s Corporation (NYSE:MCO) on December 19, with a $565 price target and a Buy rating. The firm recognized many variables that may contribute to a favorable credit issuance cycle and expressed optimism about the company’s prospects, including the Federal Reserve’s policy easing, tight credit spreads, and a large number of imminent debt maturities. Through 2027, the company expects EPS to expand at a compound annual rate in the low teens.

Moody’s Corporation (NYSE:MCO) posted solid financial results for the third quarter of 2024, including a 32% rise in adjusted diluted profits per share and a 23% increase in revenue to $1.8 billion. This expansion was mostly driven by the ratings sector, notably investment-grade issuance, which experienced a 70% rise in transaction income. In addition, Moody’s Corporation (NYSE:MCO) recently announced an agreement to acquire CAPE Analytics, a geospatial AI business that specializes in property evaluation. This acquisition is intended to improve Moody’s data and analytics for the insurance market.