Barclays analyst Benjamin Budish maintains $Tradeweb Markets (TW.US)$ with a buy rating, and adjusts the target price from $125 to $147.
According to TipRanks data, the analyst has a success rate of 77.6% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tradeweb Markets (TW.US)$'s main analysts recently are as follows:
The expectation is that we are gradually approaching a 'normal' market environment, with initial public offerings and mergers exhibiting revitalization, and the anticipation of rate changes fostering a sense of renewed confidence. Nonetheless, the third quarter has experienced activity levels that were below initial expectations.
Lower interest rates and a slow recovery in deal activity present downside risks for most capital markets stocks as they head into third quarter reports. Despite the momentum towards risk-on behavior due to anticipated rate cuts and stronger equity markets, deal activity remains slow, posing a challenge for alternative managers in the context of high valuation multiples. At the same time, the majority of traditional managers saw organic growth weaken in the third quarter, and the prospect of lower interest rates looms as a significant risk to earnings for brokers and wealth managers. In contrast, exchanges and trust banks are seen as potential bright spots in the upcoming quarterly results.
Note:
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