Interactive Brokers price target raised to $246 from $190 at Redburn Atlantic

Redburn Atlantic raised the firm’s price target on Interactive Brokers (IBKR) to $246 from $190 and keeps a Buy rating on the shares. The company operates with a structurally advantaged model, the core of which is a proprietary, automated technology platform, the analyst tells investors in a research note. The firm says that despite its global footprint, Interactive’s business remains small relative to its addressable market, giving it a long runway to compound growth in accounts, customer equity and earnings.