William Blair analyst Jeff Schmitt has maintained their neutral stance on CBOE stock, giving a Hold rating on April 22.
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Jeff Schmitt has given his Hold rating due to a combination of factors, balancing Cboe’s strong recent performance with emerging headwinds. The company substantially exceeded earnings expectations and benefited from higher market volatility, while its strategic shift toward core franchises and new initiatives such as prediction markets should support profitability over time.
At the same time, Cboe’s multi-listed options and flagship index options segments are facing declining market share, difficult year-over-year comparisons, and rising competitive pressures, which may temper future derivatives growth unless volatility stays unusually high. With the share price already reflecting much of the upside from the business realignment and now trading at a premium multiple to its historical valuation, Schmitt sees limited near-term upside, leading him to maintain a neutral, Hold stance on the stock.
According to TipRanks, Schmitt is a 4-star analyst with an average return of 8.6% and a 54.13% success rate. Schmitt covers the Financial sector, focusing on stocks such as Tradeweb Markets, Marketaxess Holdings, and Nasdaq.
In another report released on April 22, Bank of America Securities also maintained a Hold rating on the stock with a $330.00 price target.