Analyst Alex Kramm from UBS maintained a Hold rating on Cboe Global Markets and keeping the price target at $265.00.
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Alex Kramm’s rating is based on a combination of factors that reflect both positive performance metrics and cautious outlooks. The report highlights an increase in the fourth quarter earnings per share estimate due to strong performance in index and equity options, with transaction revenues expected to rise significantly year-over-year. However, despite these positive trends, there is a level of caution regarding the sustainability of these growth patterns moving forward, which contributes to the Hold rating.
Additionally, while the trading volumes for various options and equities have shown impressive year-over-year growth, the mixed pricing trends across different asset classes suggest some uncertainty. The valuation remains neutral with an unchanged price target, indicating that while the company is performing well, potential risks and market conditions warrant a conservative stance. This balanced view of strong current performance tempered by future uncertainties underpins the Hold recommendation.
Kramm covers the Financial sector, focusing on stocks such as CME Group, Intercontinental Exchange, and Cboe Global Markets. According to TipRanks, Kramm has an average return of 10.5% and a 59.49% success rate on recommended stocks.