On Oct 05, major Wall Street analysts update their ratings for $Cboe Global Markets (CBOE.US)$, with price targets ranging from $218 to $220.
Citi analyst Christopher Allen maintains with a hold rating, and adjusts the target price from $200 to $220.
Barclays analyst Benjamin Budish maintains with a buy rating, and maintains the target price at $218.
UBS analyst Alex Kramm maintains with a hold rating, and adjusts the target price from $200 to $220.
RBC Capital analyst Ashish Sabadra maintains with a hold rating, and maintains the target price at $220.
Furthermore, according to the comprehensive report, the opinions of $Cboe Global Markets (CBOE.US)$'s main analysts recently are as follows:
Lower interest rates and a slow recovery in deal activity pose downside risks for numerous capital markets stocks as we approach third-quarter reports. Despite the shift towards risk-on behavior fueled by expectations of faster rate cuts and stronger equity markets, the sluggish pace of deal activity continues to be a drag, particularly for alternative managers, in the context of high valuation multiples. In the third quarter, organic growth for the majority of traditional managers has weakened, and the decline in interest rates poses a significant threat to the earnings of many brokerage and wealth management firms. However, exchanges and trust banks are noted as comparatively more resilient going into the third-quarter results.
Here are the latest investment ratings and price targets for $Cboe Global Markets (CBOE.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
