Barclays lowered the firm’s price target on Cboe Global Markets to $200 from $204 and keeps an Overweight rating on the shares. The company’s Q4 earnings beat due to a lower tax rate, while revenues missed, the analyst tells investors in a research note. The firm says Cboe’s revenue guidance was consistent with its medium-term targets, rather than a reflection of an expected deceleration going into fiscal 2024.
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Read More on CBOE:
- Cboe Global Markets Reports Results for Fourth Quarter 2023 and Full Year
- Cboe Global Markets sees FY24 organic revenue growth 5%-7%, consensus $2.08B
- Cboe Global Markets reports Q4 EPS $2.06, consensus $2.03
- Cboe Global Markets (CBOE) Q4 Earnings Cheat Sheet
- Cboe Global Markets price target raised to $203 from $193 at Piper Sandler
