Piper Sandler analyst Patrick Moley maintains $CME Group (CME.US)$ with a buy rating, and adjusts the target price from $250 to $258.
According to TipRanks data, the analyst has a success rate of 84.6% and a total average return of 30.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CME Group (CME.US)$'s main analysts recently are as follows:
Looking ahead to 2025, the outlook for brokers, asset managers, and exchanges appears relatively favorable, with the potential to achieve a third consecutive year of over 20% total returns in U.S. equity markets. Key factors supporting this optimism include increased capital markets activity, the possibility of lighter regulations fostering product innovation and capital deployment, and potential reductions in individual and corporate taxes.
CME Group has seen strong support from numerous positive catalysts, such as its dividend and buyback plan announcement, price increases planned for 2025, reduced competitive concerns, and robust volumes. Following two years of significant double-digit sales growth, more modest growth projections are now anticipated, with an expected increase in sales of about 4% by 2025. Although the stock is seen as holding steady due to its defensive characteristics, a more opportune moment or clearer fundamental drivers are awaited before committing new capital.
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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