moneyheap
MSCI · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is MSCI, Inc. (MSCI) stock moving?
MSCI closed at $656.86 on Nov 10, up about 7% from its $601.75 low on Oct 27 and below the $681.04 intraday high set on Nov 5. The stock jumped 5.4% on Nov 4 to $674.30 on about 1.05M shares, roughly twice its typical daily volume, then pulled back to $641.01 on Nov 6 before recovering on Nov 9 and 10. Recent analyst support is constructive: Barclays kept a Buy rating and raised its target to $760 from $735 on Nov 2, and Rothschild & Co Redburn lifted its target to $690 from $680 on Oct 28. Index-provider events are the main near-term catalyst, with MSCI's November 2026 Index Review results and its index exclusion rules, including the Strategy Inc. (MSTR) candidate review, both scheduled for Nov 11. Those outcomes could move the stock in either direction. The Q3 results released Oct 20 are referenced in the filings, but the available text does not include the figures, so they could not be assessed. Overall, the news flow leans positive, supported by price recovery and rising analyst targets, but the evidence is limited to analyst opinions and scheduled events.
News behind the analysis
- Here's How Much You Would Have Made Owning MSCI Stock In The Last 15 YearsBenzinga calculated that MSCI outperformed the market by 9.18% annualized over 15 years, with a 21.69% average annual return and a $47.68B market capitalization. This is historical context rather than a new catalyst.
- MSCI Inc. Announces November 2026 Index Review ScheduleMSCI scheduled the announcement of its November 2026 Index Review results for November 11, 2026, a date that falls after the current date.
- Barclays Adjusts Price Target on MSCI Inc.Barclays analyst Manav Patnaik maintained a Buy rating and raised the price target to $760 from $735.
- Barclays Maintains Overweight on MSCI, Raises Price Target to $760Barclays kept its Overweight rating on MSCI and raised its price target to $760.
- MSCI Maintains Regular Trading Hours Closing Prices for Index CalculationMSCI will keep using regular trading hours closing prices for index calculations, despite recent extensions to trading hours on Nasdaq and NYSE ARCA.
- MSCI to Announce Index Exclusion Rules for Strategy Inc.MSCI scheduled an announcement for November 11 on firms flagged for possible exclusion under new rules, with Strategy Inc. (MSTR) named as a candidate for removal.
- Analysts Identify Potential Inclusions and Exclusions for MSCI India Standard IndexAnalysts projected possible additions and removals from the MSCI India Standard Index for the November 2026 quarterly review, based on market capitalization and liquidity thresholds.
- Rothschild & Co Redburn Adjusts Price Target on MSCI to $690Rothschild & Co Redburn raised its MSCI price target to $690 from $680.
About MSCI, Inc.
MSCI Inc. builds stock market indexes, such as the MSCI World and MSCI Emerging Markets, and sells risk, ESG/climate and private-markets data and analytics to institutional investors. Its indexes are a benchmark standard worldwide, and many ETFs track them. That gives it a high-margin, sticky business: operating margins run around 55% and subscription renewal rates about 95%.
How it makes money
Most revenue comes from recurring subscriptions to its index data, risk and portfolio analytics, ESG and climate ratings, and private capital tools. A growing share comes from asset-based fees: ETF and fund issuers pay MSCI a small cut of the assets in products that track its indexes. Asset-based fees grew about 25% year over year in Q3 2026. The Index segment brings in roughly 60% of total revenue, and quarterly revenue was about $892M in Q3 2026. BlackRock (iShares) is the largest client, at roughly 12% of revenue.
What usually moves MSCI
- Global stock market levels and ETF asset flows
- Growth in subscriptions and client retention
- Demand for ESG, climate and private-markets data
- Fee pressure and consolidation among asset managers
- Share buybacks and margin trends