William Blair analyst Jeff Schmitt has maintained their bullish stance on SNEX stock, giving a Buy rating yesterday.
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Jeff Schmitt has given his Buy rating due to a combination of factors that highlight StoneX Group’s strong operating momentum and earnings power. The company delivered record quarterly earnings that significantly surpassed his expectations, powered by broad-based revenue growth across key business lines and meaningful contributions from the recently acquired RJO and Benchmark operations. Commercial and institutional divisions posted particularly robust gains in both revenue and profit, reflecting higher client activity, favorable market volatility in metals, and improved performance in listed derivatives and fixed income dealing. The physical trading franchise, especially in precious metals, also produced standout results amid a more volatile macro backdrop.
Schmitt also points to supportive capital allocation and strategic positioning as reasons for his positive stance. Management has begun executing on a sizable share repurchase program, signaling confidence in intrinsic value, while early cost synergies from the RJO acquisition are starting to materialize. The announced stock split is expected to enhance trading liquidity and broaden the shareholder base over time. Although he acknowledges that the stock has already had a strong run and can be volatile, he believes the current trajectory of earnings growth and integration benefits justifies a Buy rating, and he would look to add on any market-driven pullbacks.
In another report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $126.00 price target.