RBC Capital analyst Ashish Sabadra raised the firm’s price target on Cboe Global Markets (CBOE) to $254 from $220 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. DataVantage and Cash Equities’s double-digit growth was the key driver behind the revenue upside surprise in the quarter, and despite higher incentive compensation, CBOE reduced its expense guidance by $5M, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBOE:
- Cboe Global Markets price target raised to $255 from $245 at UBS
- Cboe Global Markets price target raised to $265 from $253 at Oppenheimer
- Cboe Global Markets price target raised to $265 from $250 at Piper Sandler
- Cboe Global Markets price target raised to $248 from $243 at Keefe Bruyette
- Cboe Global Markets price target raised to $256 from $243 at Barclays