William Blair analyst Jeff Schmitt has maintained their bullish stance on TW stock, giving a Buy rating today.
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Jeff Schmitt has given his Buy rating due to a combination of factors that highlight Tradeweb’s strong operating momentum and market share gains. The company delivered a 27% year-over-year increase in average daily volume to $2.8 trillion in December, with particularly robust expansion in its core rates business, helped by elevated swaps trading and higher year-end compression activity. European government bond trading also posted healthy advances, reinforcing the strength and breadth of the rates franchise.
In credit, Tradeweb’s high-grade market share reached a new peak of 20.5%, driven mainly by wholesale and portfolio trading channels, while its institutional RFQ business continues to progress. Although current market conditions are subdued, with low volatility in Treasurys and corporate credit and a challenging backdrop for complex rate structures, the firm is steadily digitizing more sophisticated trade types. Schmitt also notes that a potential decline in interest rates could act as a meaningful catalyst for credit trading volumes. Together, these factors support his positive view on Tradeweb’s growth prospects and justify the Buy rating.
Schmitt covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Tradeweb Markets, and LPL Financial. According to TipRanks, Schmitt has an average return of 10.2% and a 78.75% success rate on recommended stocks.
In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $123.00 price target.