Barclays analyst Benjamin Budish raised the firm’s price target on Tradeweb Markets (TW) to $170 from $152 and keeps an Overweight rating on the shares following its Q2 EPS beat. The firm noted that July daily revenue growth is trending 20% higher year-over-year and thinks 20% is trending favorable compared to consensus. Barclays told investors that Tradeweb’s management remains vigilant for additional opportunities, including what could be larger and more transformative M&A that expands the company’s capabilities and/or geographical presence.
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Read More on TW:
- Tradeweb Markets reports Q2 adjusted EPS 87c, consensus 86c
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- Tradeweb Markets price target lowered to $152 from $159 at Barclays
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