Interactive Brokers price target raised to $91 from $87 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Interactive Brokers (IBKR) to $91 from $87 and keeps a Buy rating on the shares. Goldman expects a positive market response to the Q3 results, which featured 5% higher net revenue vs. consensus and a 290 basis point higher pre-tax margin, the analyst tells investors in a research note. Management remains optimistic around further robust account growth, and highlighted a strong introducing broker pipeline, the firm says.