Oppenheimer analyst Owen Lau maintains $Cboe Global Markets (CBOE.US)$ with a buy rating, and adjusts the target price from $227 to $232.
According to TipRanks data, the analyst has a success rate of 71.6% and a total average return of 10.7% 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:
Cboe Global Markets' recent earnings surpassed expectations, with net revenue marginally exceeding forecasts. This was tempered by expenditures that were higher than anticipated.
The firm's assessment of Cboe Global Markets remains positive despite a recent decrease in their share value following solid Q3 results. The firm observed that the results did not present any significant issues and that guidance for organic total net revenue saw an uplift. However, the firm recognizes that there are concerns in the market narrative regarding potential margin contraction and softer volume in October due to increased company investments. Nonetheless, the firm views these concerns as overstated and suggests that the recent pullback presents a buying opportunity.
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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