Bank of America Securities analyst Eli Abboud maintained a Buy rating on BGC Group yesterday and set a price target of $15.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Eli Abboud has given his Buy rating due to a combination of factors that highlight the promising future of BGC Group’s FMX Futures. The FMX platform is showing significant momentum, with its market share in US Treasuries, spot FX, and futures accelerating year-to-date. Notably, FMX UST achieved a record sequential market share gain in the second quarter of 2025, and FMX FX volumes have doubled year-over-year, outpacing competitors. This growth is seen as a positive indicator for FMX Futures, supported by strategic partnerships that align well with the platform’s goals.
Additionally, FMX Futures is proving competitive across all cost components of trading, including venue fees, capital costs, and the bid-ask spread. The platform’s innovative fee structure, which includes a fee holiday and fixed-price plans, offers a cost advantage over traditional models. Furthermore, FMX’s partnership with LCH is expected to provide capital savings for traders. These factors, combined with a bullish medium-term outlook for BGC’s interest rate futures and energy businesses, underpin Abboud’s Buy rating, as FMX Futures is poised to disrupt the market and differentiate itself further over time.
In another report released on September 16, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $11.00 price target.
BGC’s price has also changed slightly for the past six months – from $9.140 to $9.680, which is a 5.91% increase.