Piper Sandler lowered the firm’s price target on Interactive Brokers (IBKR) to $182 from $192 and keeps an Overweight rating on the shares. The firm notes that after the close, the company reported Q1 adjusted EPS of $1.88 per share, below its $1.94 estimate and consensus of $1.92. The miss vs. Piper’s estimate was primarily driven by higher-than-expected comp expense and lower net interest income.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBKR:
- Interactive Brokers price target lowered to $243 from $265 at BofA
- Interactive Brokers: Resilience and Growth Potential Amid Global Market Dynamics
- Interactive Brokers price target raised to $193 from $188 at Barclays
- Interactive Brokers Reports Strong Q1 2025 Results
- Closing Bell Movers: Nvidia sags on disclosure of China export charge