Morningstar, Inc. (MORN)
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
$209.40-2.95%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
Research Workspace
Put MORN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Financials is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 9% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 29% growth a year, above the roughly 7% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskMorningstar's growth in operating income and profitability is essential to justify its price. Revenue grew 9.6% year over year in Q2 FY2026, with a recent earnings beat of 19.5%. The stock trades at 18.1× P/E, above the 12.4× peer median, indicating that the market expects more growth than forecasted. If Morningstar cuts guidance on the next call, it could negatively impact the stock. Peer multiples imply a price about 29% below where it trades (it looks expensive on this basis).
Trailing returns as of 2026-09-04. MORN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 3 analysts currently covering MORN (as of Sep 2026).
Based on 3 Wall Street analysts offering 12-month price targets for MORN in the last 4 months.
Continue this research
Compare MORN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Free account required to save the handoff. No credit card.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| MORN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Financial Exchanges & Data — fair value, gap to price, and forward P/E.
Compare the value case
Put MORN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand product offerings with AI and data integrations
AI integration enhances product offerings and growth potential.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $209.40
The last 12 months of price, then the range of analyst 12-month targets from today’s $209.40.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Expand product offerings with AI and data integrations
Partnership enhances AI product offerings and aligns with growth objectives.
Increased inflows into bond ETFs support Morningstar's product expansion.
Similar to event 2, reinforces product offering growth.
Advances: Increase operating income and profitability
Strong earnings indicate increased profitability and growth.
Advances: Expand product offerings with AI and data integrations
Positive inflows support Morningstar's AI and data product expansion.
Advances: Increase operating income and profitability
Earnings beat indicates improved profitability and growth potential.
Advances: Expand product offerings with AI and data integrations
Rebranding CRSP Indexes supports AI and data integration expansion.