Interactive Brokers price target raised to $93 from $80 at BMO Capital

BMO Capital raised the firm’s price target on Interactive Brokers (IBKR) to $93 from $80 and keeps an Outperform rating on the shares. The company’s Q1 revenue was better than expected, driven by commissions but offset by higher operating expenses, the analyst tells investors in a research note. Growth metrics also remained strong with continued growth in total accounts, DARTs, and average margin loans despite February and March volatility, the firm added.