What to use instead of Morningstar Investor

The product

Morningstar Investor is the subscription Morningstar sells to individual investors. Its help centre says it replaced Morningstar Premium in June 2022, when Premium memberships were converted. On 3 October 2026 the subscription page priced it at 34.95 dollars a month or 249 a year, after a seven-day trial, with no free tier.

What it sells, in its own words, is ratings "from fair value and competitive advantage for stocks to a fund's ability to outperform its peers over time", and "unlimited access to all our takes on thousands of securities with reports, commentary, news." Around that sit a screener over "more than 200 unique data points", watchlists, alerts on rating changes and analyst notes, and a portfolio with X-Ray and Stock Intersection views that look through funds to the stocks underneath. Accounts can be linked through Morningstar's ByAllAccounts division, though the help centre says linked accounts carry no cost basis and so show no portfolio-level performance.

The rating is the product, and Morningstar publishes how it works. Its equity research methodology, dated 29 September 2022, names four inputs: "our assessment of the firm's economic moat; our estimate of the stock's fair value; our uncertainty around that fair value estimate; and the current market price." Stars measure the gap between price and fair value, wider gaps required as uncertainty rises, recalculated at every close. Stocks without an analyst get a quantitative rating from a model that, by Morningstar's own FAQ, uses its analysts' ratings as training inputs.

That is exactly why this catalogue carries no card for it: a subscription bought for someone else's verdict on a security is outside the line this catalogue draws. Which makes the reader of this page specific. They want the data, the screens and the valuation work — and to reach the conclusion themselves.

What to use instead

Nothing here replaces the analyst, and that is the point of the move rather than a gap in it. What can be replaced is everything the analyst's conclusion was sitting on. Split it into the jobs.

The data and the screens. Stock Rover is the closest in shape and the nearest in data — its support database names Morningstar as its primary source. Premium at 34 dollars a month screens on 400-plus metrics with five years of fundamentals; Premium Plus at 70 reaches 700-plus and ten years, with equation and historical screening. It covers US and Canadian listings, 7,000 ETFs and 40,000 mutual funds, and nothing outside North America. It also sells its own Fair Value and Stock Score, metered on the entry tier; those are a vendor's model, and you can leave them unopened.

The fair value. Morningstar's fair value is an analyst's discounted cash flow model. The do-it-yourself version is one of two tools. TIKR puts S&P Capital IQ financials and sell-side consensus estimates beside a valuation model builder that takes your growth, margin and exit-multiple assumptions, with global coverage from 24.95 a month. Stock Unlock is a DCF calculator pre-filled with the company's history whose growth rates, decay, discount rate, terminal multiple and projection window are all editable, from 9 dollars a month. Both put a number on the page; in both the number is yours.

The fund research. This is the half Morningstar is best known for, and the one that splits furthest. Portfolio Visualizer is where you measure a fund instead of reading a rating of it: fund screener, fund performance, factor regression against Fama-French and other models, and a backtest of the mix you hold, with a free tier capped at ten years on ticker backtests. Stock Rover carries the fund universe for screening, with full fund reports on its Ultimate tier only. Koyfin has ETF holdings and flows, with ETF screening from its 49-dollar Plus plan, but moved mutual fund data to its Advisor tiers after 30 April 2026.

The look-up. A good share of Morningstar subscribers mostly open a quote page and read the financials. StockAnalysis does that free, with no account, over five fiscal years and a screener; Pro at 79 dollars a year takes the history to ten-plus years.

What you give up

An independent estimate. The whole of what Morningstar charges for is that somebody who is not you has modelled the company and written down a number. Nothing on this page does that. The consensus estimates in TIKR and Koyfin are the sell side's forecasts, not a fair value; the scores in Stock Rover and Stock Unlock are a vendor's formula. If a second opinion is what you were paying for, leaving loses it.

Fund ratings and fund breadth at that price. 249 dollars a year bought ratings and analyst reports on funds alongside the stocks. Here, full fund reports on Stock Rover sit on Ultimate at 99 dollars a month, and Koyfin's mutual fund data starts at 239 a month on Advisor Core. Portfolio Visualizer measures funds well, but it measures returns, not managers, fees in context or stewardship.

The look-through X-Ray. Morningstar's X-Ray and Stock Intersection show what your funds own between them. None of the US-facing cards on this page documents that. The one card in the catalogue with an ETF look-through, Parqet's X-Ray, is a portfolio tracker built around German brokers.

Migration notes

Export the portfolio before the subscription lapses. Morningstar's help centre documents a Download on the Holdings tab that saves a CSV. Because linked accounts carry no cost basis there, take lots and purchase dates from your broker instead, and use the Morningstar file only for the list of holdings.

Ratings history stays behind. Stars, fair values and moat ratings are Morningstar's content, licensed for your personal, noncommercial use under its user agreement. If you kept a sheet of them, it is a record of what Morningstar thought on a date, not a dataset to carry into a new tool.

Expect the fundamentals to look familiar, and not identical. Stock Rover licenses Morningstar data, TIKR offers a Morningstar dataset beside its Capital IQ one, and Koyfin and TIKR otherwise read S&P Capital IQ. Standardised line items differ by supplier, so a margin or a free cash flow figure can move by a few points between tools for the same year. Check one company you know well before trusting a screen.