In a report released today, Craig Siegenthaler from Bank of America Securities reiterated a Buy rating on Tradeweb Markets (TW – Research Report), with a price target of $208.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors including Tradeweb Markets’ robust revenue growth and its strong position in the electronification of trading. Despite recent challenges in market share, particularly in the credit sector, Tradeweb’s overall financial performance remains solid with adjusted earnings per share meeting expectations. The company’s revenue growth is supported by a significant increase in rates revenue, which is expected to continue in the near term.
In addition, Tradeweb’s strategic innovations in trading protocols and its comprehensive range of trading capabilities provide it with a competitive edge. Siegenthaler anticipates that Tradeweb will capture substantial market share over the next five years, driven by a secular trend towards electronic trading. The price objective set at $208 reflects a significant upside potential from the current price, reinforcing the Buy recommendation.
In another report released today, KBW also maintained a Buy rating on the stock with a $153.00 price target.