Deutsche Bank analyst Brian Bedell maintains $Cboe Global Markets (CBOE.US)$ with a hold rating, and adjusts the target price from $182 to $212.
According to TipRanks data, the analyst has a success rate of 56.0% and a total average return of 11.4% 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:
Following the Q3 report, the company experienced an earnings beat with net revenue exceeding expectations, which was somewhat balanced out by higher than anticipated expenditure.
The firm has recognized that Cboe Global Markets delivered robust Q3 results without any significant disruptions and has increased guidance for organic total net revenue. Despite these positive outcomes, the company's shares experienced a slight decline. This was thought to be due to the perception that heightened investments by the company might result in reduced margins and weaker volume in October. The firm views these concerns as not overly troubling and suggests that the recent dip in share price presents an advantageous purchasing moment.
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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