Piper Sandler raised the firm’s price target on Interactive Brokers (IBKR) to $68 from $65 and keeps an Overweight rating on the shares. The firm notes the company reported Q2 adjusted EPS of 51c per share, above its 48c estimate and consensus of 47c. Total revenue and net income were both quarterly records. The beat vs. Piper’s estimate was primarily driven by higher-than-expected net interest income, slightly offset by operating expenses which were about 2% above its forecast.
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 IBKR:
- Interactive Brokers price target raised to $73 from $65 at Barclays
- Interactive Brokers Reports Strong Q2 2025 Results
- Closing Bell Movers: Netflix slips despite ‘beat and raise’ Q2 report
- IBKR Earnings: Strong Trading Lifts Interactive Brokers’ Financial Results Past Forecasts
- Interactive Brokers reports Q2 adjusted EPS 51c, consensus 45c