Citi analyst Christopher Allen downgraded Interactive Brokers (IBKR) to Neutral from Buy with a price target of $215, up from $205. Over the last five months, Interactive has averaged over 30% annualized account growth despite periods of significant market volatility, the analyst tells investors in a research note. The firm says that after the recent strength, the shares are trading near the upper end of its historic valuation range. Citi says that with the potential for account growth to follow seasonal patterns and slow in the second half of 2025, it sees a balanced risk/reward at current share levels.
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