S&P Global plunges on weak 2026 forecast, drags down peers

S&P Global

10/02/2026 14:30

** Shares of S&P Global SPGI.N fall 18% to $364.86 premarket after co forecasts 2026 profit below estimates

** Co expects adj. profit for FY 2026 in the range of $19.40 to $19.65 per share, below analysts' average estimate of $19.94, according to LSEG-compiled data

** The guidance comes amid investor fears that AI advancements may be disrupting the software and services industry

** Meanwhile, shares of other data analytics firms and exchange operators were also hit in premarket trading; Moody's MCO.N slumped 8.8%, Nasdaq NDAQ.O was down 5.3%, Verisk VRSK.O inched 6.3% lower, Factset Research FDS.N fell 6% and MSCI MSCI.N declined 5.1%

** SPGI has fallen ~15% YTD, underperforming a ~2% rise in the S&P 500 .SPX

** Despite recent weakness, 25 of 28 analysts covering the stock, rate it "buy" or "strong buy" with a median PT of $612 - LSEG-compiled data

 (Reporting by Sruthi Shankar)

 ((sruthi.shankar@thomsonreuters.com;))