Piper Sandler analyst Patrick Moley raised the firm’s price target on Tradeweb Markets to $82 from $73 and keeps a Neutral rating on the shares ahead of the Q3 report. Equity volumes and volatility slowed again in Q3 but derivatives “remain a bright spot,” the analyst tells investors in a research note. The firm says sales cycle headwinds should persist for some in the e-finance space. Piper highlights Cboe Global Markets (CBOE) and BGC Group (BGC) as names it likes heading into earnings.
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- Tradeweb Markets reports September ADV $1.57T up 30.8 % YoY
- Tradeweb Markets price target raised to $101 from $98 at BofA
- MarketAxess price target lowered to $213 from $234 at Rosenblatt
- Tradeweb Markets price target raised to $100 from $92 at Citi
- Tradeweb Markets reports Average daily volume for August up 41.2% to $1.44T
