Bank of America Securities Keeps Their Buy Rating on Tradeweb Markets (TW)

In a report released today, Craig Siegenthaler from Bank of America Securities maintained a Buy rating on Tradeweb Markets (TW – Research Report). The company’s shares opened today at $101.03.

According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 12.8% and a 63.36% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Nasdaq, Interactive Brokers, and Intercontinental Exchange.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tradeweb Markets with a $112.78 average price target, an 11.63% upside from current levels. In a report released on April 9, J.P. Morgan also maintained a Buy rating on the stock with a $116.00 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.