How the Narrative Surrounding LSEG Is Shifting Amid New Deals and Mixed Analyst Targets

Simply Wall St

Sat, December 20, 2025 at 2:08 PM EST 4 min read

London Stock Exchange Group’s fair value estimate has edged down slightly to £122.84, even as assumptions for revenue growth and discount rates have been fine tuned, reflecting a more nuanced view of its long term prospects. This modest recalibration mirrors a split in recent Street research, where optimistic targets on the data and analytics franchise are tempered by more cautious voices worried about how much good news is already in the price. Read on to see how these shifting inputs are reshaping the narrative around the stock and how you can stay on top of future updates.

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🐂 Bullish Takeaways

• Sentiment among the major brokers remains positive overall, with JPMorgan, RBC Capital and Citi all maintaining Overweight or Buy stances while adjusting targets around their longer term growth and margin assumptions.

• On the upside, JPMorgan recently raised its target to 13,300 GBp from 12,800 GBp, and RBC Capital nudged its target to 13,400 GBp from 13,200 GBp, reflecting continued confidence in London Stock Exchange Group’s execution on data and analytics and its ability to compound revenue over time.

• Citi analyst Andrew Lowe still sees value at current levels, keeping a Buy rating even as he trims his target to 12,700 GBp from 13,200 GBp, underlining that structural growth and cost discipline are viewed as intact despite nearer term share price volatility.

🐻 Bearish Takeaways

• The main note of caution is coming from target cuts rather than outright rating changes, with Deutsche Bank lowering its price objective to 11,900 GBp from 11,500 GBp, and both JPMorgan and Citi also paring back earlier, more aggressive targets at different points.

• Across these revisions, the common thread is valuation, with several analysts signaling that a meaningful portion of the growth story and execution gains may already be reflected in the share price, which in their view may limit perceived upside even as they stay constructive on the underlying business.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

• LSEG has entered a strategic partnership with Nasdaq to distribute institutional grade private markets intelligence via Workspace and Datafeeds, integrating Nasdaq eVestment private markets datasets and select exclusive benchmarks to improve transparency and decision making in private investments.

• The Nasdaq collaboration builds on LSEG’s launch of the UK’s first Private Securities Market in September 2025, reinforcing its ambition to scale private market infrastructure and broaden coverage across fund level and deal level data.

• LSEG announced a collaboration with Anthropic that will allow Claude for Financial Services customers to access LSEG licensed data from offerings such as Workspace and Financial Analytics, marking a key milestone in its LSEG Everywhere AI strategy.

• The Anthropic partnership aims to deliver secure, scalable, LLM agnostic AI capabilities in financial services via open protocols such as MCP, supporting automated financial analysis, faster solution deployment, and mutual lead generation for both companies.