William Blair initiated coverage of Miami International (MIAX) with an Outperform rating and no price target Miami is an emerging growth story in the “relatively mature” exchange sector that can grow sales at 15%-20% annually in 2026 and 2027 as new products ramp, the analyst tells investors in a research note. The firm believes the company’s launch of index products and the “several secular tailwinds” for derivatives should drive high-teens revenue growth for at least the next several years.
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