Morgan Stanley analyst Michael Cyprys has maintained their bullish stance on TW stock, giving a Buy rating today.
Michael Cyprys has given his Buy rating due to a combination of factors including Tradeweb Markets’ impressive year-over-year growth in trading volumes and market share gains. The company reported a 34% increase in total average daily volume (ADV) for the first quarter of 2025, which exceeded both Morgan Stanley’s estimates and consensus expectations. This growth was driven by strong performances across various product categories such as cash rates, derivatives, and credit markets.
Additionally, Tradeweb Markets demonstrated significant market share improvements, particularly in the US investment-grade and high-yield credit sectors. Despite a lower-than-expected capture rate, the overall earnings per share (EPS) were slightly above projections. The robust volume growth contributed to a 27% increase in variable revenue year-over-year, supporting a positive outlook for the company’s financial performance. These factors collectively underpin Cyprys’s optimistic view and Buy rating for Tradeweb Markets’ stock.
In another report released today, KBW also maintained a Buy rating on the stock with a $145.00 price target.
TW’s price has also changed slightly for the past six months – from $131.410 to $130.600, which is a -0.62% drop .