Morgan Stanley raised the firm’s price target on Tradeweb Markets (TW) to $138 from $123 and keeps an Equal Weight rating on the shares. Better Q1 earnings for brokers and exchanges should modestly beat consensus, but the firm sees modest forward estimate risk and notes in a preview for the group that its forecasts for the group are now 4%-5% below consensus in 2026-27 on average.
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Read More on TW:
- Morning Movers: CoreWeave higher after $21B AI cloud capacity pact with Meta
- TD downgrades Tradeweb to Hold on valuation after rally
- Tradeweb Markets downgraded to Hold from Buy at TD Cowen
- Tradeweb Markets resumed with an Outperform at Keefe Bruyette
- Tradeweb Markets price target lowered to $121 from $122 at Barclays
