William Blair analyst Jeff Schmitt has maintained their bullish stance on TW stock, giving a Buy rating on April 2.
Jeff Schmitt has given his Buy rating due to a combination of factors including Tradeweb Markets’ impressive growth in trading volumes and its strong market position. The company reported a significant increase in average daily volume (ADV), reaching a record $2.7 trillion, which represents a 50% increase overall and 35% when excluding the ICD deal. This growth was particularly notable in money markets, credit, and rates, despite a slight decline in equities.
Tradeweb’s ability to expand volumes rapidly, even amid challenging comparisons from the previous year, is attributed to a favorable market environment and its leading position in key segments such as U.S. and European government bonds and long-tenor swaps. Additionally, the company’s market share improvements in U.S. high-grade and high-yield credit sectors, driven by increased adoption of portfolio trading and RFQ protocols, further support the positive outlook. These factors collectively underpin Schmitt’s confidence in the stock’s potential, justifying the Buy rating.
Schmitt covers the Financial sector, focusing on stocks such as Cboe Global Markets, StoneX Group, and Marketaxess Holdings. According to TipRanks, Schmitt has an average return of 7.1% and a 54.17% success rate on recommended stocks.
In another report released on April 2, Bank of America Securities also maintained a Buy rating on the stock with a $212.00 price target.