William Blair analyst Jeff Schmitt has maintained their bullish stance on MKTX stock, giving a Buy rating on December 5.
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Jeff Schmitt has given his Buy rating due to a combination of factors that highlight MarketAxess Holdings’ promising growth trajectory and strategic initiatives. The company has set medium-term financial targets for 2026 to 2028, projecting an average annual revenue growth of 8%-9%. This growth is expected to be driven by industry advancements in credit and U.S. government bonds, as well as the expansion of newer products and international services, which are anticipated to contribute significantly to incremental growth.
Additionally, MarketAxess aims to enhance its operating margin by 75-125 basis points per year through disciplined expense management and operating leverage. The company’s commitment to increasing shareholder value is further demonstrated by its expanded share-repurchase authorization, which should positively impact earnings per share (EPS). With the stock trading at a relatively low forward P/E ratio, these strategic moves are expected to be accretive to EPS, supporting the Buy recommendation.
In another report released on December 5, UBS also maintained a Buy rating on the stock with a $240.00 price target.