UBS analyst Alex Kramm lowered the firm’s price target on MarketAxess (MKTX) to $295 from $305 and keeps a Buy rating on the shares. The firm raised its Q1 EPS estimate to $1.81 from $1.71 amid higher credit transaction fees, and forecasts total revenue to be flat in the quarter on higher credit and rates volumes offset by lower pricing, the analyst tells investors in a research note. The firm sees a very good setup here.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKTX:
- MarketAxess price target raised to $232 from $225 at Barclays
- MarketAxess Holdings: Mixed Q1 2025 Results Lead to Hold Rating Amid Growth and Challenges
- Early notable gainers among liquid option names on April 4th
- Morning Movers: Rout continues as China hits back at Trump tariffs
- MarketAxess reports total ADV $46.5B in March, $42.9B in Q1