Analyst Christopher Allen of Citi maintained a Hold rating on Interactive Brokers, retaining the price target of $75.00.
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Christopher Allen has given his Hold rating due to a combination of factors influencing Interactive Brokers’ performance and future outlook. The company reported a strong quarter with adjusted earnings per share surpassing expectations, primarily driven by net interest income and lower expenses. Despite this positive performance, Allen notes that while there is potential for further gains if securities lending activity remains robust and cryptocurrency revenues grow faster than anticipated, the current valuation does not present an attractive entry point for investment.
Looking forward, Allen maintains a cautious stance due to the potential moderation in special situations that contributed to the recent strong performance. Although Interactive Brokers is well-positioned for long-term growth with healthy account growth and trading activity, the analyst suggests waiting for a more favorable valuation before considering a more aggressive investment stance. This balanced view reflects both the company’s strengths and the uncertainties in its operating environment.
According to TipRanks, Allen is a 5-star analyst with an average return of 23.4% and a 75.35% success rate. Allen covers the Financial sector, focusing on stocks such as Apollo Global Management, BlackRock, and Interactive Brokers.