Piper Sandler analyst Patrick Moley raised the firm’s price target on Cboe Global Markets (CBOE) to $290 from $270 and keeps an Overweight rating on the shares. The firm notes Cboe reported a record quarter underpinned by double-digit revenue growth across all 3 of its business lines. Strength in volumes was to be expected, but the about 11% year-over-year growth in Data Vantage revenues was an unexpected positive that led Cboe to raise its FY25 guide, Piper adds.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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 $273 from $264 at Barclays
- Cboe Global Markets price target raised to $287 from $268 at Deutsche Bank
- Cboe Global Markets: Strong Q3 Performance and Strategic Refocus Amid Growth Challenges Justifies Hold Rating
- Cboe Global Markets realigns its portfolio of businesses
- Cboe Global Markets reports Q3 adjusted EPS $2.85, consensus $2.53