Interactive Brokers price target raised to $102 from $96 at Barclays

Barclays raised the firm’s price target on Interactive Brokers to $102 from $96 and keeps an Overweight rating on the shares. The analyst updated price targets in the brokers, asset managers and exchanges group following the collapse of SVB Financial and other recent events. The firm thinks near-term cash borrowing will weigh on fiscal 2023 and 2024 earnings and balance sheet growth for the sector.