Barclays analyst Benjamin Budish maintained a Buy rating on Cboe Global Markets (CBOE – Research Report) on February 2 and set a price target of $200.00. The company’s shares closed last Friday at $182.78.
According to TipRanks, Budish is a 5-star analyst with an average return of 16.7% and a 76.92% success rate. Budish covers the Financial sector, focusing on stocks such as Blackstone Group, Charles Schwab, and Coinbase Global.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cboe Global Markets with a $185.80 average price target, which is a 1.65% upside from current levels. In a report released on January 22, Piper Sandler also assigned a Buy rating to the stock with a $203.00 price target.
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Based on Cboe Global Markets’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $919.6 million and a net profit of $207.1 million. In comparison, last year the company earned a revenue of $1 billion and had a net profit of $149.6 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBOE in relation to earlier this year.
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Cboe Global Markets (CBOE) Company Description:
Cboe Global Markets, Inc. engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options. The U.S. Equities segment covers listed cash equities and ETP transaction services that occur on BZX, BYX, EDGX, and EDGA. The Futures comprises the the business of futures exchange, CFE, which includes offering for trading futures on the VIX Index and bitcoin and other futures products. The European Equities segment relates to the pan-European listed cash equities transaction services, ETPs, exchange-traded commodities, and international depository receipts that occur on the RIE, operated by Cboe Europe Equities. The Global FX segment represents the institutional FX trading services that occur on the Cboe FX platform. The company was founded on 1973 and is headquartered in Chicago, IL.
Read More on CBOE:
- Cboe Global Markets Reports Results for Fourth Quarter 2023 and Full Year
- Cboe Global Markets sees FY24 organic revenue growth 5%-7%, consensus $2.08B
- Cboe Global Markets reports Q4 EPS $2.06, consensus $2.03
- Cboe Global Markets (CBOE) Q4 Earnings Cheat Sheet
- Cboe Global Markets price target raised to $203 from $193 at Piper Sandler
