Charles Schwab Price Target Raised to $122 as Trading Activity Index Climbs 7.33%
SCHW•UBS raised its price target on Charles Schwab to $122 from $119, maintaining a Buy rating after the Schwab Trading Activity Index jumped 7.33% to a four-year high of 59.12 in June. Retail investors on Schwab’s platform bought stocks at a more than 2:1 ratio, underscoring heightened market engagement.
1. UBS Raises Price Target
UBS maintained its Buy rating on Charles Schwab and lifted the price target to $122 from $119, reflecting strong confidence in the firm’s outlook. The consensus across 20 analysts places the average price target at $115.05, implying roughly 26% upside from recent levels.
2. Trading Activity Hits Four-Year High
The Schwab Trading Activity Index surged 7.33% to 59.12 in June, marking its highest reading in four years. This increase signals elevated client engagement in equity and options trading on Schwab’s platform.
3. Retail Investors Show Bullish Bias
In June, retail client accounts on Schwab exhibited a buying bias exceeding a two-to-one ratio of buy orders to sell orders. This trend highlights growing optimism among everyday investors using Schwab’s brokerage services.
