Morgan Stanley (MS) is set to report fourth-quarter earnings before the opening bell on Thursday, January 15, and Wall Street's most reliable forecasters have been busy adjusting their outlooks.

Analysts are expecting the bank to post earnings of $2.45 per share for the quarter, marking an improvement from the $2.22 per share reported in the same period last year. The consensus revenue estimate sits at $17.75 billion, compared to $16.22 billion a year ago.

The bank made headlines Tuesday by announcing that its middle-market private equity arm struck a majority investment deal with engineering firm Olsson, Inc. Shares of Morgan Stanley dipped 1.7% to $183.34 on Tuesday following the announcement.

What the Most Accurate Analysts Are Saying

Here's how Wall Street's top-performing analysts have rated Morgan Stanley in recent months, along with their track records:

Wolfe Research analyst Steven Chubak upgraded the stock from Peer Perform to Outperform on November 24, 2025. Chubak has an accuracy rate of 71%.

JP Morgan analyst Kian Abouhossein maintained a Neutral rating while increasing the price target from $122 to $157 on October 21, 2025. This analyst boasts an accuracy rate of 76%.

Keefe, Bruyette & Woods analyst Christopher McGratty kept an Outperform rating and raised the price target from $176 to $184 on October 16, 2025. McGratty has an accuracy rate of 62%.

Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and lifted the price target from $165 to $175 on October 16, 2025. Schorr's accuracy rate stands at 73%.

Wells Fargo analyst Mike Mayo kept an Equal-Weight rating while bumping the price target from $165 to $177 on October 16, 2025. Mayo also has an accuracy rate of 73%.

The pattern here is clear: even analysts with more cautious ratings have been raising their price targets, suggesting growing confidence in Morgan Stanley's trajectory heading into earnings season.