Citi analyst Christopher Allen raised the firm’s price target on Tradeweb Markets to $100 from $92 and keeps a Buy rating on the shares. The company’s rates activity remained strong in August, driven by healthy government volumes and elevated IRS activity relative to recent months, the analyst tells investors in a research note. In credit, the lower volatility environment has continued to benefit Tradeweb given an increased shift towards its sessions-based protocols, says the firm. It believes the company is well positioned to continue growing market share as electrification trends expand.
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:
- Tradeweb Markets reports Average daily volume for August up 41.2% to $1.44T
- Tradeweb Markets price target raised to $100 from $85 at UBS
- Tradeweb Markets price target raised to $73 from $70 at Piper Sandler
- Tradeweb Markets price target raised to $94 from $87 at Morgan Stanley
- Tradeweb Markets price target raised to $92 from $82 at Citi