Citi analyst Christopher Allen raised the firm’s price target on Tradeweb Markets to $120 from $115 and keeps a Buy rating on the shares. Q1 was an “exceptional quarter” for the company with total average daily volume of $1.9T, up 39% from last year, driven by exceptionally strong rate volumes and healthy credit activity, the analyst tells investors in a research note. Citi adds that it expects the strong volume growth and solid data growth to drive 24% top-line growth in Q1.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TW:
- Tradeweb Markets Welcomes New Independent Director Lisa Opoku
- Tradeweb Markets price target raised to $94 from $93 at Deutsche Bank
- Tradeweb Markets price target raised to $113 from $112 at Barclays
- Tradeweb Markets price target raised to $111 from $105 at BofA
- Tradeweb Markets sees FY24 adjusted expenses: $755M – $805M
