Interactive Brokers price target raised to $89 from $87 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Interactive Brokers (IBKR) to $89 from $87 and keeps a Buy rating on the shares. The company reported modestly better March metrics, includin monthly net new accounts of 108k, 45% higher y/y, with total accounts up 31% y/y and Cleared DARTs up 24% y/y, the analyst tells investors in a research note. Monthly active users also continue to trend higher than 2024-25 averages, which could drive further potential volume growth, the firm added.