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Interactive Brokers price target raised to $212 from $207 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Interactive Brokers (IBKR) to $212 from $207 and keeps a Buy rating on the shares. The company reported strong April metrics, with net new accounts of 95K up 57% y/y and DARTs cleared up 58%, the analyst tells investors in a research note. The firm adds that April app downloads and monthly active users continue to trend higher than 2023-24 averages.

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