Intercontinental Exchange (NYSE:ICE), which owns the New York Stock Exchange (NYSE), saw its shares trading lower today. This can be attributed to a technical issue that caused many NYSE-listed stocks to open the trading session with unusual volatility. As a result, trading halts were triggered.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
While it’s still unclear what caused the problem, the impacted stocks resumed normal trading, and all systems are operating properly as of 9:50 a.m. This is unlikely to cause any long-term issues with Intercontinental Exchange. Thus, analysts won’t be changing their views on the company.
Indeed, Wall Street analysts have a consensus price target of $128.63 on ICE stock, implying over 21% upside potential, as indicated by the graphic above.
Join our Webinar to learn how TipRanks promotes Wall Street transparency