Tradeweb Markets price target raised to $103 from $99 at Rosenblatt

Rosenblatt raised the firm’s price target on Tradeweb Markets (TW) to $103 from $99 and keeps a Buy rating on the shares. The trading environment for fixed income continues to improve and commentary from both Tradeweb and MarketAxess (MKTX) indicates that 2024 is “off to a strong start,” the analyst tells investors. While the trading environment should benefit both MarketAxess and Tradeweb in 2024, the firm believes only Tradeweb has the ability to produce mid-teens growth on the top and bottom line, the analyst added.