In a report released today, Alex Kramm from UBS maintained a Buy rating on Intercontinental Exchange, with a price target of $215.00.
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Alex Kramm has given his Buy rating due to a combination of factors including the structural attractiveness of Intercontinental Exchange’s core energy trading business and the improving backdrop for its mortgage segment. Despite a slight reduction in the EPS estimate for the third quarter of 2025, the overall outlook remains positive with flat year-over-year growth in futures trading activity and a notable increase in US equity options and cash equities volumes.
Furthermore, the valuation supports the Buy rating, with a price target of $215 based on a 28x multiple of the FY26 EPS estimate of $7.54. The report highlights that while there are some short-term volume declines, the long-term prospects for ICE’s diverse business segments, including energy, interest rates, and mortgage, remain robust, justifying the positive outlook.
In another report released on October 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $180.00 price target.