UBS analyst Alex Kramm maintained a Buy rating on Intercontinental Exchange yesterday and set a price target of $215.00.
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Alex Kramm has given his Buy rating due to a combination of factors that suggest a positive outlook for Intercontinental Exchange. Despite a reduction in the EPS estimate for the third quarter of 2025, Kramm remains optimistic about the company’s core exchange trends, which are expected to show a 13% year-over-year increase in volumes for the full fiscal year 2025. This optimism is further supported by the potential for a sustained increase in mortgage origination activity, which could provide additional upside.
Moreover, while certain segments like energy and ag & metals futures have seen volume declines, other areas such as US equity options and cash equities have demonstrated significant year-over-year growth. The valuation of the stock is also appealing, with a price target of $215 based on a 28x multiple of the FY26 EPS estimate. These factors collectively underpin Kramm’s constructive stance on the stock, leading to the Buy rating.
Kramm covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Marketaxess Holdings, and Cboe Global Markets. According to TipRanks, Kramm has an average return of 10.6% and a 61.52% success rate on recommended stocks.
In another report released on September 5, KBW also maintained a Buy rating on the stock with a $202.00 price target.