UBS analyst Alex Kramm raised the firm’s price target on Tradeweb Markets to $100 from $85 and keeps a Buy rating on the shares. July was very strong for Tradeweb, with total ADNV up double digits y/y as Tradeweb gained share in key businesses, the analyst tells investors in a research note. UBS remains bullish on the shares with market challenges likely in the rearview mirror, positive pricing trends, and potential for upside in the pending market data contract renewal with LSEG.
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