Aramark Stock Surges on Q3 Earnings Beat and Morgan Stanley Price Target Hike

Key Facts

1Aramark reported earnings of $0.52 per share, beating the consensus estimate of $0.48 per share.

2Morgan Stanley raised its price target for Aramark to $63.00 from a previous target of $55.00.

3The company achieved 9% organic revenue growth and a record client retention rate of 98%.

Reflecting strong operational momentum in the services sector, Aramark reported third-quarter financial results that surpassed analyst estimates. The company delivered earnings per share (EPS) of $0.52, beating the consensus forecast of $0.48, on revenues of $5.06 billion. This performance was underpinned by 9% organic revenue growth and a record client retention rate of 98%, while new client wins surged by 51% compared to the previous year.

Market reaction was decisively positive, leading Morgan Stanley to raise its price target for Aramark to $63.00 from $55.00. Per market data, the stock's rally pushed it to a new 52-week high during the session. This surge aligns with broader stability in the U.S. services sector, as evidenced by the ISM Services PMI data released on August 5, 2026, which printed at 54.1.

At the close of August 12, 2026, the price for 0QYU.L stood at $213.89, having reached a day high of $216.9. Traders are now watching for price consolidation near the day low of $212.02 to gauge the sustainability of this bullish trend, especially as the upcoming economic calendar shows no immediate direct catalysts for the instrument.

Sources:

Financial Modeling Prep