Piper Sandler Remains a Hold on Tradeweb Markets (TW)

Piper Sandler analyst Patrick Moley maintained a Hold rating on Tradeweb Markets (TW – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $103.01.

According to TipRanks, Moley is a 4-star analyst with an average return of 18.8% and an 88.57% success rate. Moley covers the Financial sector, focusing on stocks such as Virtu Financial, BGC Group, and Cboe Global Markets.

Currently, the analyst consensus on Tradeweb Markets is a Moderate Buy with an average price target of $113.20, a 9.89% upside from current levels. In a report released on April 8, KBW also maintained a Hold rating on the stock with a $106.00 price target.

Based on Tradeweb Markets’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $379.07 million and a net profit of $74.98 million. In comparison, last year the company earned a revenue of $290.53 million and had a net profit of $69.08 million

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Tradeweb Markets (TW) Company Description:

Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network is comprised of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.