William Blair analyst Jeff Schmitt has maintained their bullish stance on MIAX stock, giving a Buy rating today.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Jeff Schmitt has given his Buy rating due to a combination of factors including Miami International Holdings, Inc.’s impressive financial performance and strategic advancements. The company reported a significant earnings per share (EPS) beat in its recent quarter, surpassing both the firm’s and consensus estimates, driven by a 57% increase in net revenue. This growth was supported by heightened market volatility, robust industry volume growth, and market share gains, particularly in the options business.
Moreover, the company’s recent initiatives, such as the launch of a physical trading floor and plans for new product offerings in 2026, including proprietary index products in collaboration with Bloomberg, are expected to bolster its market position. These developments, coupled with the scalable nature of its technology platform, are anticipated to sustain mid-teen top-line growth and a 16% increase in adjusted EBITDA next year. Despite these positive trends, the stock is currently trading in line with its peers, suggesting potential upside for investors.
According to TipRanks, Schmitt is a 3-star analyst with an average return of 5.7% and a 60.00% success rate. Schmitt covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Charles Schwab, and Miami International Holdings, Inc..
In another report released today, Rosenblatt Securities also reiterated a Buy rating on the stock with a $55.00 price target.