In a report released yesterday, Michael Cyprys from Morgan Stanley maintained a Hold rating on Intercontinental Exchange (ICE – Research Report), with a price target of $178.00.
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Michael Cyprys has given his Hold rating due to a combination of factors, including the modest upside potential for Intercontinental Exchange’s stock. While the company has shown some positive financial results, with a slight increase in the projected 2025 earnings per share and a raised price target, these revisions are not substantial enough to warrant a more optimistic rating.
The updated price target of $178, based on a 23x target P/E ratio for 2026, reflects a conservative stance on the company’s growth prospects. Cyprys’s cautious approach takes into account the broader market conditions and the company’s position within the industry, suggesting that while there are positive elements, they are balanced by uncertainties that justify a Hold rating.
According to TipRanks, Cyprys is a 4-star analyst with an average return of 6.4% and a 56.72% success rate. Cyprys covers the Financial sector, focusing on stocks such as Charles Schwab, BlackRock, and Tradeweb Markets.
In another report released on February 7, Deutsche Bank also maintained a Hold rating on the stock with a $168.00 price target.