UBS analyst Alex Kramm maintains $MarketAxess (MKTX.US)$ with a buy rating, and adjusts the target price from $300 to $330.
According to TipRanks data, the analyst has a success rate of 63.0% and a total average return of 11.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MarketAxess (MKTX.US)$'s main analysts recently are as follows:
The company experienced robust activity in September, which was fueled by performance across various products. Looking forward, there is a positive outlook on the credit market due to the potential for more favorable volatility and increased spreads, a shift towards fixed income, and the ongoing trend towards electronification.
The firm has acknowledged that most capital markets stocks face potential declines as a result of lower interest rates and a slow recovery in deal activity going into the third-quarter reports. The anticipation of quicker rate reductions and more robust equity markets has encouraged risk-on behavior among many capital market stocks, yet deal activity rates are still slow, posing a challenge for alternative managers due to extremely high valuation multiples. Moreover, the organic growth for a majority of traditional managers saw a downturn in the third quarter, and lower interest rates pose a significant risk to the earnings of many brokers and wealth managers. However, exchanges and trust banks are noted as relative bright spots looking forward to the third-quarter results.
Note:
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