RBC Capital analyst Ashish Sabadra initiates coverage on $Cboe Global Markets (CBOE.US)$ with a hold rating, and sets the target price at $220.
According to TipRanks data, the analyst has a success rate of 61.4% and a total average return of 6.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cboe Global Markets (CBOE.US)$'s main analysts recently are as follows:
Increased volatility from macro and geopolitical uncertainty is expected to maintain elevated derivatives volume in the near term, and it is anticipated that Cboe Global Markets' Market Data and Access segment will experience accelerated growth moving forward. Nonetheless, there is a possibility for a deceleration in the company's growth from zero-days-to-expiration products in the medium term.
The positive outlook on Cboe Global Markets' derivatives platform, especially its proprietary index options, stems from the new management's efforts to expand and accelerate revenue, optimize the platform, and focus on core operations rather than non-essential mergers and acquisitions. However, there's a cautious stance regarding the equities/spot FX segments of the business. Additionally, while recent product launches appear promising, their impact may be limited, especially given that the company's stock is currently trading at the upper range of its forward-12-months' price-to-earnings multiples.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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