Barclays analyst Benjamin Budish lowered the firm’s price target on Tradeweb Markets to $86 from $89 and keeps an Overweight rating on the shares. The rate futures curve has come up meaningfully since a prior update and, despite softer trading activity, fiscal 2024 and 2025 estimates come up particularly for Schwab and Interactive Brokers ahead of the Q2 reports, the analyst tells investors in a research note. The firm is incrementally positive on Schwab but awaits more clarity on its cash balance growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TW:
- MarketAxess price target lowered to $234 from $254 at Rosenblatt
- Tradeweb Markets reports June ADV up 10.8% YoY to $1.38T
- Tradeweb Markets price target lowered to $70 from $82 at Piper Sandler
- Tradeweb Markets initiated with an Overweight at Barclays
- Citi opens’ 30-day Negative Catalyst Watch’ on MarketAxess