MarketAxess buybacks will be ‘highly accretive,’ says William Blair

William Blair analyst Jeff Schmitt keeps an Outperform rating on MarketAxess (MKTX) after the company initiated financial targets for 2026 to 2028. MarketAxess expects to generate revenue growth of 8%-9% per year, on average, the analyst tells investors in a research note. Blair believes the company’s increased share repurchase authorization will be “highly accretive” to earnings with the stock trading at the low end of its historical range. The buybacks should add about 3% to earnings growth next year, the analyst tells investors in a research note.